Monroe County SHIP Program
Deferred second loan · Forgiven over 30 yrs · Income limits
Down payment assistance · Monroe County
Buying a home in Key West, FL
1 county program and 26 statewide.Key West has no program of its own, 1 across Monroe County, and 26 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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What’s local to Key West
No program of Key West’s own yet
No program run for Key West alone is listed. A home in Key West can use Monroe County’s programs below, plus the Florida statewide and federal ones.
The closest city that runs its own program is Marathon, about 45 miles away. City programs usually require the home to be inside that city’s limits.
Anywhere in MonroeAnywhere in Monroe County
1 county program1 county program a Key West homebuyer can use
1 more program is for homes in Marathon. See them 1 program in neighboring cities — for homes inside those cities, not Key West
- Marathon — City of Marathon First-Time Homebuyer Assistance
The Key West marketThe Key West housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Key West
- 42% single-familysingle-family
- 12.4% townhousetownhouse
- 18.1% 2–4 units2–4 units
- 24.5% 5+ unitscondo & apartment buildings (5+ units)
- 3.1% mobile & othermobile home & other
Condos count. Key West’s one local program accepts condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Key West’s homes were built
pre-19401970s2020+
64.6%
of Key West homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$129,600
County area median income, 4 people (HUD)HUD area median income, Monroe County, 4-person household (2026)
$87,037
Key West median household incomeMedian household income in Key West (Census, 2024)
28 of the 89 programs here set their income limit as a share of Monroe County’s area median income, adjusted for household size. See the published limits for Monroe County
Free help nearbyFree help near Key West
Free help from a HUD-approved housing counselorFree help from a HUD-approved housing counselor
Key West’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Monroe County SHIP Program asks for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Florida and nationwide
88 statewide & federal programs26 statewide programs, plus federal options
Key West questions
Does Key West have its own down payment program?
No program run for Key West alone is listed. A home in Key West can use the 1 program that cover Monroe County and the 26 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in Key West?
Key West’s one local program accepts condos. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Monroe County?
Each program sets its own. 28 of the programs here set theirs as a share of HUD’s area median income for Monroe County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Key West?
HUD-approved housing counseling agencies teach homebuyer classes. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
33040 · 33041 · 33045
Nearby in Monroe
Sources
Sources: agency sites (June–July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.