33040 — Monroe County, Florida Market Snapshot
Housing market data for zip code 33040 in Monroe County, Florida. Updated monthly with median prices, days on market, and more.
Market Sales Data
26 sales in 2026 (year to date)
Median Sale Price
$917,500
Days to Sell
164
Homes Sold
26
Inventory
41
Sale-to-List
96.1%
New Listings
25
Price/SqFt
$742
Pending Sales
27
Conforming Loan Available
The median home in 33040 at $917,500 falls within the 2026 conforming loan limit of $990,150, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
With homes sitting for 164 days on average, 33040 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 33040 sells for 3.9% below asking price (96.1% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 33040 at $917,500 falls within the 2026 conforming loan limit of $990,150, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 33040 are set at the county level.
2026 Loan Limits — Monroe County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $990,150 | $990,150 |
| 2 Units | $1,267,600 | $1,267,600 |
| 3 Units | $1,532,200 | $1,532,200 |
| 4 Units | $1,904,150 | $1,904,150 |
Affordability Snapshot — Zip 33040
To purchase the median home at $917,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,180.
Monthly Payment
$7,180
Income Required
$307,697
Principal & Interest
$5,653/mo
Down Payment (5%)
$45,875
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 33040.
Estimated Monthly Payment
$5,828
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