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Lakewood Ranch, Sarasota, FL—34240

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$732,000
6.4% YoY Growth
Household Income
$126,000
42.5% YoY Growth
Days on Market
69
15.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$3,300
5.5% YoY Growth
1-Bed Rent
$1,820
7.5% YoY Growth
2-Bed Rent
$2,510
5.0% YoY Growth
3-Bed Rent
$3,300
0.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lakewood Ranch, Sarasota, FL

As of Dec '25, the median home price in Lakewood Ranch, Sarasota, FL is $732,000, with a year-over-year change of -6.4%. 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 TypeMedian Home ValueYoY % Change
All Homes
$732,000-6.4%
Single Family $734,000-6.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$651,000-3.0%
    3 Bed
    		$656,000-6.6%
    4 Bed
    		$814,000-7.6%
    5 Bed $1,135,035-5.6%
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    9.5%
    2 Bedrooms
    16.7%
    3 Bedrooms
    41.2%
    4 Bedrooms
    27.2%
    5+ Bedrooms
    5.3%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    1.8%
    1 Bedroom
    22.2%
    2 Bedrooms
    38.5%
    3 Bedrooms
    37.5%

    Property Listings — Lakewood Ranch, Sarasota, FL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lakewood Ranch, Sarasota, FL is 78. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$939,00012.0%
    Listing Count
    		21515.0%
    Listings as % of Homes1.6%15.0%
    Days on Market
    		69-15.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		16,40046.8%
    % Under 18
    		20.1%-9.5%
    % Seniors
    		27.4%10.9%
    % WFH
    		20.7%140.7%
    % w/ College Degree
    		51.8%18.3%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio6.2
    Median Home Price$732,000
    Median Household Income$126,000

    Lakewood Ranch, Sarasota, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lakewood Ranch, FL

    34202

    Twin Lakes, Sarasota, FL

    34241

    Lakewood Ranch, FL

    34211

    Fruitville, Sarasota, FL

    34232

    Kensington Park, Sarasota, FL

    34235

    Frequently Asked Questions