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Downtown Sarasota, Sarasota, FL—34236

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,019,000
6.6% YoY Growth
Household Income
$96,400
81.0% YoY Growth
Days on Market
81
25.0% Longer YoY
Home Price Forecast
0.6%
Median Rent
$3,340
6.9% YoY Growth
1-Bed Rent
$2,420
7.9% YoY Growth
2-Bed Rent
$3,410
9.5% YoY Growth
3-Bed Rent
$7,060
4.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Downtown Sarasota, Sarasota, FL

As of Dec '25, the median home price in Downtown Sarasota, Sarasota, FL is $1,019,000, with a year-over-year change of -6.6%. This indicates that home prices in Downtown Sarasota, Sarasota, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,019,000-6.6%
Single Family $1,321,000-5.7%
Condos $931,000-7.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $392,000
    -7.5%
    2 Bed
    		$797,000-8.0%
    3 Bed
    		$1,984,000-3.5%
    4 Bed
    		$3,320,000-3.2%
    5 Bed $4,782,336-0.1%
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    % of Housing Stock

    Studio
    2.1%
    1 Bedroom
    24.0%
    2 Bedrooms
    48.2%
    3 Bedrooms
    19.6%
    4 Bedrooms
    5.2%
    5+ Bedrooms
    0.8%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.4%
    1 Bedroom
    45.7%
    2 Bedrooms
    44.3%
    3 Bedrooms
    6.9%
    4 Bedrooms
    0.7%

    Property Listings — Downtown Sarasota, Sarasota, FL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Downtown Sarasota, Sarasota, FL is 110. This is a increase of 34.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,550,000-10.0%
    Listing Count
    		55140.0%
    Listings as % of Homes3.0%40.0%
    Days on Market
    		8125.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		13,9007.7%
    % Under 18
    		4.6%-45.9%
    % Seniors
    		54.4%4.6%
    % WFH
    		23.6%37.2%
    % w/ College Degree
    		62.0%16.8%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio12.3
    Median Home Price$1,019,000
    Median Household Income$96,400

    Downtown Sarasota, Sarasota, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Newtown, Sarasota, FL

    34234

    Arlington Park, Sarasota, FL

    34239

    Alta Vista, Sarasota, FL

    34237

    Siesta Key, FL

    34242

    Gulf Gate Estates, Sarasota, FL

    34231

    Frequently Asked Questions