The City of Key West has an estimated population of 24,565 and serves as the county seat of Monroe County. It consists of individual islands Sunset Key, Fleming Key, and Dredgers Key, as well as the northern section of Stock Island. Interestingly, Key West is the southernmost city of the continental United States, sitting just 90 miles north of Cuba.
There are many homeowners associations across the Florida cities, Key West included. Homeowners love living in these types of communities because of the benefits they bring. When you live in an HOA, you have access to several amenities, such as clubhouses, pools, and fitness centers. Services also typically include landscaping and garbage removal. Additionally, the presence of an HOA board ensures that curb appeal stays the same and property values remain high.
In Key West, maintaining property values is a top priority, as home prices are very expensive here. The median home value sits at $761,835 in Key West, which is exceedingly high compared to the state and national average. The median household income is also very high, at $67,712. In terms of educational attainment, 22% of residents hold a bachelor’s degree and 15% hold a master’s degree or higher, both greater than the national statistics.
Key West HOA management is not always easy, though. Many HOA boards struggle with the day-to-day operations required to keep the community running smoothly. This is often due to a lack of time or expertise, or both. For this reason, many communities turn to professional HOA management companies for help.
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