Florida county guide
Monroe County real estate: closing costs, taxes and market data
What it costs to buy and sell a home in Monroe County, Florida, with the state's own formulas and the latest market figures.
Market snapshot
Monroe County covers the Florida Keys, and Key West is the county seat. Its estimated population was 80,406 in 2025. The median sale price for all home types was $971,748 in August 2026, up 1.5% from a year earlier, according to Redfin.
Main cities: Key West, Marathon, Islamorada, Key Colony Beach, Key Largo, Big Pine Key, Tavernier
Closing costs at common prices
| Sale price | Deed doc stamps | Owner's title policy | Note doc stamps + intangible tax (80% loan) |
|---|---|---|---|
| $250,000 | $1,750 | $1,325 | $1,100 |
| $500,000 | $3,500 | $2,575 | $2,200 |
| $750,000 | $5,250 | $3,825 | $3,300 |
| $970,000 | $6,790 | $4,925 | $4,268 |
Deed doc stamps are $0.70 per $100 of the price and are normally paid by the seller. In Monroe County the seller customarily pays the owner's title policy, at Florida's promulgated rate. Buyers with a loan also pay $0.35 per $100 on the note and 0.2% intangible tax. Property tax uses the county's typical millage less the $50,000 homestead exemption, so it's an estimate; check the property appraiser for any parcel.
Flood risk
The Florida Keys are low-lying and exposed to hurricane storm surge, and much of the county falls in FEMA special flood hazard areas, so buyers should check a property's flood zone, elevation certificate and flood insurance cost before closing.
Local offices
Questions agents and buyers ask
- How much are doc stamps in Monroe County?
- On a $971,748 sale, deed doc stamps are about $6,803 ($0.70 per $100 of the price). The seller normally pays them.
- Who pays for title insurance in Monroe County?
- By custom the seller pays for the owner's title policy. At $971,748 it's about $4,935 at Florida's promulgated rate; the contract can say otherwise.
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Sources
- Redfin – Monroe County, FL housing market (Median Sale Price, Aug 2026)
- Data Commons – Monroe County population, 2025 (source: census.gov)
- Wikipedia – Monroe County, Florida (county seat)
Market figures researched November 3, 2026.