Lakewood Ranch, Sarasota, FL—34240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakewood Ranch, Sarasota, FL
As of Oct '25, the median home price in Lakewood Ranch, Sarasota, FL is $728,000, with a year-over-year change of -6.0%. This indicates that home prices in Lakewood Ranch, Sarasota, FL are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $728,000 | -6.0% |
| Single Family | $729,000 | -6.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $639,000 | -2.9% |
3 Bed | $648,000 | -6.6% |
4 Bed | $811,000 | -7.5% |
| 5 Bed | $1,134,000 | -5.3% |
% of Housing Stock
Rental Trends — Lakewood Ranch, Sarasota, FL
As of July '25, Rentcast reports the average rent in Lakewood Ranch, Sarasota, FL is $3,630, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Lakewood Ranch, Sarasota, FL is studios: $1,750, 1-bedrooms: $1,850, 2-bedrooms: $2,830, 3-bedrooms: $3,610, 4-bedrooms: $5,480. The most common rental property sizes in Lakewood Ranch, Sarasota, FL are 2-bedroom and 3-bedroom, accounting for 38.5% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,630 |
| Studio Rent | $1,700 | $1,750 |
| 1 Bed Rent | $1,820 | $1,850 |
| 2 Bed Rent | $2,510 | $2,830 |
| 3 Bed Rent | $3,300 | $3,610 |
| 4 Bed Rent | $4,900 | $5,480 |
% of Rental Stock
Property Listings — Lakewood Ranch, Sarasota, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakewood Ranch, Sarasota, FL is 82. This is a increase of 14.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $963,000 | 18.0% |
Listing Count | 215 | 11.0% |
| Listings as % of Homes | 1.6% | 11.0% |
Days on Market | 82 | 14.0% |
Demographics — Lakewood Ranch, Sarasota, FL
As of the latest ACS Survey released in 2023, Lakewood Ranch, Sarasota, FL has a population of 16,400, which has increased by 46.8% over the past 5 years. Lakewood Ranch, Sarasota, FL is a moderately popular place for families, as children make up 20.1% of the population. The area has a highly educated workforce, with 51.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,400 | 46.8% |
% Under 18 | 20.1% | -9.5% |
% Seniors | 27.4% | 10.9% |
% WFH | 20.7% | 140.7% |
% w/ College Degree | 51.8% | 18.3% |
As of the latest ACS Survey released in 2023, Lakewood Ranch, Sarasota, FL is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Lakewood Ranch, Sarasota, FL is hispanic, making up 4.3% of the population. Foreign-born residents account for 8.0% of the population in Lakewood Ranch, Sarasota, FL, and this percentage has decreased by 14.9% 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 | 88.5% | -2.3% |
% Black | 0.5% | -54.5% |
% Hispanic | 4.3% | -12.2% |
% Asian | 2.3% | -20.7% |
% Foreign Born | 8.0% | -14.9% |
Mortgage and Risk — Lakewood Ranch, Sarasota, FL
According to HUD data as of 2023, there were 261 mortgage originations in Lakewood Ranch, Sarasota, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakewood Ranch, Sarasota, FL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 261 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lakewood Ranch, Sarasota, FL
As of 2024, the percent of homes in Lakewood Ranch, Sarasota, FL under the Section 8 program is 1.6%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lakewood Ranch, Sarasota, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $550 | $1,820 | $2,370 |
| 2 Bedroom | $260 | $2,510 | $2,770 |
| 3 Bedroom | $340 | $3,300 | $3,640 |
| 4 Bedroom | -$540 | $4,900 | $4,360 |
Affordability — Lakewood Ranch, Sarasota, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $728,000 |
| Median Household Income | $126,000 |