ZIP 33040 vs ZIP 33070

33040 is one of 9 ZIP codes that lie mostly in Monroe County, FL.

Shaded by typical home value, it ranks 4 of the 9 with a value.

14 school locations in 33040: 3 elementary, 3 middle, 8 high.

In alphabetical order: GERALD ADAMS ELEMENTARY SCHOOL, HORACE O'BRYANT SCHOOL, KEYS CENTER, KEY WEST HIGH SCHOOL, and more on the ZIP page. Locations only — no ratings are shown here.

33070 is one of 9 ZIP codes that lie mostly in Monroe County, FL.

Shaded by typical home value, it ranks 5 of the 9 with a value.

4 school locations in 33070: 2 middle, 2 high.

In alphabetical order: CORAL SHORES HIGH SCHOOL, OCEAN STUDIES CHARTER, PLANTATION KEY SCHOOL, UPPER KEYS ACADEMIC CONNECTIONS FOR EXCELLENCE. Locations only — no ratings are shown here.

In February 2016 the typical home in 33040 was worth $525,666.

Values peaked at $1,031,082 in April 2024. The latest reading is −7.9% from that peak.

As of August 2026: $949,386, −0.9% over twelve months.

Start with the typical home: $949,386. Put 20% down and borrow $759,509 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $5,259 a month in principal and interest.

The median household here earns $79,038 a year, $6,587 a month. So the payment takes 79.8% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 44.2% in 2016.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in February 2016 (3.66%) the payment was $1,926.

In December 2020, with rates at 2.68%, it was $2,203.

By August 2026, at 6.67%, it was $4,884 — +122% since December 2020, while the home's value moved +40%.

Reported values rose +81% since February 2016.

General prices (CPI-U) rose +41% over the same span.

Divide one by the other: in August 2026 dollars, the 2016 home was worth $740,053. So the real change is +28%, not +81%.

33040: +81% since February 2016.

Monroe County: +93% since February 2016.

Florida: +93% since February 2016 — 33040 ran behind it by 12 points.

Against 1,098 Florida ZIP codes, 33040 sits at the 0th percentile for affordability (price vs local income).

50th for appreciation (recent value growth); 14th for rental yield (rent vs price).

Owning the typical home costs about $6,208 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $3,490 a month.

Price divided by a year's rent: 22.7. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In February 2016 the typical home in 33070 was worth $449,193.

Values peaked at $962,267 in August 2022. The latest reading is −4.7% from that peak.

As of August 2026: $917,023, +4.8% over twelve months.

Start with the typical home: $917,023. Put 20% down and borrow $733,618 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $5,079 a month in principal and interest.

The median household here earns $77,228 a year, $6,436 a month. So the payment takes 78.9% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 38.7% in 2016.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in February 2016 (3.66%) the payment was $1,646.

In December 2020, with rates at 2.68%, it was $2,026.

By August 2026, at 6.67%, it was $4,718 — +133% since December 2020, while the home's value moved +47%.

Reported values rose +104% since February 2016.

General prices (CPI-U) rose +41% over the same span.

Divide one by the other: in August 2026 dollars, the 2016 home was worth $632,392. So the real change is +45%, not +104%.

33070: +104% since February 2016.

Monroe County: +93% since February 2016.

Florida: +93% since February 2016 — 33070 ran ahead of it by 11 points.

Against 1,098 Florida ZIP codes, 33070 sits at the 0th percentile for affordability (price vs local income).

96th for appreciation (recent value growth); 18th for rental yield (rent vs price).

Owning the typical home costs about $5,996 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $3,083 a month.

Price divided by a year's rent: 24.8. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 40 a month (Redfin, 3-month rolling data through August 2026). That is 89% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 280. That is 100% of the 2015–2019 level for the same months.

Going out — closed sales: about 38 a month. That is 70% of the 2015–2019 level for the same months. The drain is drawn 30% narrower: the share of homes for sale that sell each month is 70% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 7.4 months of supply — above the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 2 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 38 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 44 — so sales ran at 86% of it, and below it in 23 of the last 24 months.

Across Monroe County, builders pulled permits for 279 new homes in 2025.

Of those, 86% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 13 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 97.

Going out — closed sales: about 14 a month. The drain is drawn 6% narrower: the share of homes for sale that sell each month is 94% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 6.9 months of supply — above the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 1 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Homes sold: about 14 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 13 — so sales ran at 108% of it, and below it in 21 of the last 24 months.

Across Monroe County, builders pulled permits for 279 new homes in 2025.

Of those, 86% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Monroe County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 994 moved in. Among the ten receiving the most, 1,064 moved out.

Net across those counties: −70 households. Beside it, homes for sale in this ZIP: 280 in June 2026.

Most arrivals came from Miami-Dade, FL (423 households); most departures went to Miami-Dade, FL (337).

This ZIP sits in Monroe County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 994 moved in. Among the ten receiving the most, 1,064 moved out.

Net across those counties: −70 households. Beside it, homes for sale in this ZIP: 97 in June 2026.

Most arrivals came from Miami-Dade, FL (423 households); most departures went to Miami-Dade, FL (337).