Downtown Sarasota, Sarasota, FL—34236
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown Sarasota, Sarasota, FL
As of Oct '25, the median home price in Downtown Sarasota, Sarasota, FL is $1,026,000, with a year-over-year change of -6.4%. This indicates that home prices in Downtown Sarasota, Sarasota, FL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,026,000 | -6.4% |
| Single Family | $1,325,000 | -6.1% |
| Condos | $939,000 | -7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $399,000 | -8.5% |
2 Bed | $810,000 | -8.3% |
3 Bed | $2,019,000 | -3.8% |
4 Bed | $3,353,000 | -3.5% |
| 5 Bed | $4,812,000 | -1.2% |
% of Housing Stock
Rental Trends — Downtown Sarasota, Sarasota, FL
As of July '25, Rentcast reports the average rent in Downtown Sarasota, Sarasota, FL is $4,040, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Downtown Sarasota, Sarasota, FL is studios: $1,760, 1-bedrooms: $2,740, 2-bedrooms: $4,090, 3-bedrooms: $6,570, 4-bedrooms: $6,710. The most common rental property sizes in Downtown Sarasota, Sarasota, FL are 1-bedroom and 2-bedroom, accounting for 45.7% and 44.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,340 | $4,040 |
| Studio Rent | $1,700 | $1,760 |
| 1 Bed Rent | $2,420 | $2,740 |
| 2 Bed Rent | $3,410 | $4,090 |
| 3 Bed Rent | $7,060 | $6,570 |
| 4 Bed Rent | $6,200 | $6,710 |
% of Rental Stock
Property Listings — Downtown Sarasota, Sarasota, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown Sarasota, Sarasota, FL is 149. This is a increase of 28.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,450,000 | -19.0% |
Listing Count | 458 | 30.0% |
| Listings as % of Homes | 3.0% | 30.0% |
Days on Market | 149 | 28.0% |
Demographics — Downtown Sarasota, Sarasota, FL
As of the latest ACS Survey released in 2023, Downtown Sarasota, Sarasota, FL has a population of 13,900, which has increased by 7.7% over the past 5 years. Downtown Sarasota, Sarasota, FL is a less popular place for families, as children make up 4.6% of the population. The area has a highly educated workforce, with 62.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,900 | 7.7% |
% Under 18 | 4.6% | -45.9% |
% Seniors | 54.4% | 4.6% |
% WFH | 23.6% | 37.2% |
% w/ College Degree | 62.0% | 16.8% |
As of the latest ACS Survey released in 2023, Downtown Sarasota, Sarasota, FL is a predominantly white area, with 83.7% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Downtown Sarasota, Sarasota, FL is hispanic, making up 6.2% of the population. Foreign-born residents account for 12.0% of the population in Downtown Sarasota, Sarasota, FL, and this percentage has decreased by 17.8% 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 | 83.7% | 0.7% |
% Black | 4.3% | -32.8% |
% Hispanic | 6.2% | -10.1% |
% Asian | 2.9% | 314.3% |
% Foreign Born | 12.0% | -17.8% |
Mortgage and Risk — Downtown Sarasota, Sarasota, FL
According to HUD data as of 2023, there were 256 mortgage originations in Downtown Sarasota, Sarasota, FL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Downtown Sarasota, Sarasota, FL. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 256 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 23.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Downtown Sarasota, Sarasota, FL
As of 2024, the percent of homes in Downtown Sarasota, Sarasota, FL under the Section 8 program is 13.5%. 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. In Downtown Sarasota, Sarasota, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 510 |
Total Units Section 8 | 458 |
% Rentals under Section 8 | 13.5% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$620 | $2,420 | $1,800 |
| 2 Bedroom | -$1,310 | $3,410 | $2,100 |
| 3 Bedroom | -$4,300 | $7,060 | $2,760 |
| 4 Bedroom | -$2,900 | $6,200 | $3,300 |
Affordability — Downtown Sarasota, Sarasota, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.4 |
| Median Home Price | $1,026,000 |
| Median Household Income | $96,400 |