Newtown, Sarasota, FL—34234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newtown, Sarasota, FL
As of Oct '25, the median home price in Newtown, Sarasota, FL is $273,000, with a year-over-year change of -8.4%. This indicates that home prices in Newtown, Sarasota, FL are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $273,000 | -8.4% |
| Single Family | $279,000 | -8.2% |
| Condos | $212,000 | -14.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $380,000 | -13.4% |
2 Bed | $214,000 | -11.6% |
3 Bed | $298,000 | -8.3% |
4 Bed | $355,000 | -7.6% |
| 5 Bed | $1,111,000 | -4.9% |
% of Housing Stock
Rental Trends — Newtown, Sarasota, FL
As of July '25, Rentcast reports the average rent in Newtown, Sarasota, FL is $2,190, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Newtown, Sarasota, FL is studios: $1,400, 1-bedrooms: $2,240, 2-bedrooms: $2,060, 3-bedrooms: $2,470, 4-bedrooms: $2,210. The most common rental property sizes in Newtown, Sarasota, FL are 2-bedroom and 3-bedroom, accounting for 51.3% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,190 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,950 | $2,240 |
| 2 Bed Rent | $1,800 | $2,060 |
| 3 Bed Rent | $2,300 | $2,470 |
| 4 Bed Rent | $2,450 | $2,210 |
% of Rental Stock
Property Listings — Newtown, Sarasota, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Newtown, Sarasota, FL is 84. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $490,000 | 16.0% |
Listing Count | 155 | 20.0% |
| Listings as % of Homes | 0.9% | 20.0% |
Days on Market | 84 | -1.0% |
Demographics — Newtown, Sarasota, FL
As of the latest ACS Survey released in 2023, Newtown, Sarasota, FL has a population of 22,100, which has remained stable by 0.9% over the past 5 years. Newtown, Sarasota, FL is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | 0.9% |
% Under 18 | 18.6% | -9.7% |
% Seniors | 21.3% | 1.9% |
% WFH | 8.3% | 43.1% |
% w/ College Degree | 27.6% | 28.4% |
As of the latest ACS Survey released in 2023, Newtown, Sarasota, FL is a predominantly white area, with 43.6% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Newtown, Sarasota, FL is black, making up 30.7% of the population. Foreign-born residents account for 16.7% of the population in Newtown, Sarasota, FL, and this percentage has increased by 42.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.6% | -6.8% |
% Black | 30.7% | -13.5% |
% Hispanic | 20.0% | 22.7% |
% Asian | 1.2% | 33.3% |
% Foreign Born | 16.7% | 42.7% |
Mortgage and Risk — Newtown, Sarasota, FL
According to HUD data as of 2023, there were 255 mortgage originations in Newtown, Sarasota, FL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Newtown, Sarasota, FL. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 255 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Newtown, Sarasota, FL
As of 2024, the percent of homes in Newtown, Sarasota, FL under the Section 8 program is 23.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Newtown, Sarasota, FL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 913 |
Total Units Section 8 | 767 |
% Rentals under Section 8 | 23.6% |
% Occupied Section 8 | 78.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$580 | $1,950 | $1,370 |
| 2 Bedroom | -$200 | $1,800 | $1,600 |
| 3 Bedroom | -$200 | $2,300 | $2,100 |
| 4 Bedroom | $70 | $2,450 | $2,520 |
Affordability — Newtown, Sarasota, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $273,000 |
| Median Household Income | $56,600 |