Gulf Gate Estates, Sarasota, FL—34231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gulf Gate Estates, Sarasota, FL
As of Oct '25, the median home price in Gulf Gate Estates, Sarasota, FL is $360,000, with a year-over-year change of -11.6%. This indicates that home prices in Gulf Gate Estates, Sarasota, FL are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $360,000 | -11.6% |
| Single Family | $388,000 | -11.0% |
| Condos | $262,000 | -15.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $180,000 | -15.9% |
2 Bed | $293,000 | -12.5% |
3 Bed | $437,000 | -11.4% |
4 Bed | $833,000 | -8.4% |
| 5 Bed | $1,849,000 | -4.7% |
% of Housing Stock
Rental Trends — Gulf Gate Estates, Sarasota, FL
As of July '25, Rentcast reports the average rent in Gulf Gate Estates, Sarasota, FL is $2,900, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Gulf Gate Estates, Sarasota, FL is studios: $1,400, 1-bedrooms: $1,660, 2-bedrooms: $2,390, 3-bedrooms: $3,740, 4-bedrooms: $4,830. The most common rental property sizes in Gulf Gate Estates, Sarasota, FL are 2-bedroom and 1-bedroom, accounting for 51.6% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,900 |
| Studio Rent | $1,250 | $1,400 |
| 1 Bed Rent | $1,600 | $1,660 |
| 2 Bed Rent | $2,200 | $2,390 |
| 3 Bed Rent | $3,000 | $3,740 |
| 4 Bed Rent | $4,170 | $4,830 |
% of Rental Stock
Property Listings — Gulf Gate Estates, Sarasota, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Gulf Gate Estates, Sarasota, FL is 102. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $436,000 | -11.0% |
Listing Count | 396 | 16.0% |
| Listings as % of Homes | 1.0% | 16.0% |
Days on Market | 102 | 19.0% |
Demographics — Gulf Gate Estates, Sarasota, FL
As of the latest ACS Survey released in 2023, Gulf Gate Estates, Sarasota, FL has a population of 32,200, which has increased by 6.4% over the past 5 years. Gulf Gate Estates, Sarasota, FL is a less popular place for families, as children make up 14.9% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,200 | 6.4% |
% Under 18 | 14.9% | 7.2% |
% Seniors | 35.9% | 16.9% |
% WFH | 12.6% | 129.1% |
% w/ College Degree | 38.5% | 17.7% |
As of the latest ACS Survey released in 2023, Gulf Gate Estates, Sarasota, FL is a predominantly white area, with 85.6% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Gulf Gate Estates, Sarasota, FL is hispanic, making up 9.6% of the population. Foreign-born residents account for 11.3% of the population in Gulf Gate Estates, Sarasota, FL, and this percentage has decreased by 13.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.6% | 0.9% |
% Black | 1.7% | 30.8% |
% Hispanic | 9.6% | -14.3% |
% Asian | 1.0% | -33.3% |
% Foreign Born | 11.3% | -13.1% |
Mortgage and Risk — Gulf Gate Estates, Sarasota, FL
According to HUD data as of 2023, there were 530 mortgage originations in Gulf Gate Estates, Sarasota, FL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Gulf Gate Estates, Sarasota, FL. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 530 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gulf Gate Estates, Sarasota, FL
As of 2024, the percent of homes in Gulf Gate Estates, Sarasota, FL under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Gulf Gate Estates, Sarasota, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,600 | $1,630 |
| 2 Bedroom | -$300 | $2,200 | $1,900 |
| 3 Bedroom | -$500 | $3,000 | $2,500 |
| 4 Bedroom | -$1,180 | $4,170 | $2,990 |
Affordability — Gulf Gate Estates, Sarasota, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $360,000 |
| Median Household Income | $69,700 |