Siesta Key, FL 34242 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Siesta Key, FL—34242

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$840,000

7.2% YoY Growth

Household Income

$122,000

21.7% YoY Growth

Days on Market

113

47.0% Longer YoY

Home Price Forecast

-2.0%

Median Rent

$6,000

2.6% YoY Growth

1-Bed Rent

$3,250

4.4% YoY Growth

2-Bed Rent

$6,000

5.0% YoY Growth

3-Bed Rent

$6,550

0.4% YoY Growth

Home Price Trends — Siesta Key, FL

As of May '26, the median home price in Siesta Key, FL is $840,000, with a year-over-year change of -7.2%. This indicates that home prices in Siesta Key, FL are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$840,000	-7.2%
Single Family	$1,282,000	-8.6%
Condos	$705,000	-6.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Siesta Key, FL

As of July '25, Rentcast reports the average rent in Siesta Key, FL is $5,860, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Siesta Key, FL is 1-bedrooms: $4,010, 2-bedrooms: $5,920, 3-bedrooms: $6,730, 4-bedrooms: $7,040. The most common rental property sizes in Siesta Key, FL are 2-bedroom and 4-bedroom, accounting for 36.7% and 23.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$6,000	$5,860
Studio Rent	N/A	N/A
1 Bed Rent	$3,250	$4,010
2 Bed Rent	$6,000	$5,920
3 Bed Rent	$6,550	$6,730
4 Bed Rent	$7,000	$7,040

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% of Rental Stock

1 Bedroom

19.0%

2 Bedrooms

36.7%

3 Bedrooms

19.7%

4 Bedrooms

23.2%

5+ Bedrooms

1.5%

Property Listings — Siesta Key, FL

As of May '26, Realtor.com reports that the median days on market for a home in Siesta Key, FL is 113. This is a increase of 47.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,200,000	3.0%
Listing Count	464	9.0%
Listings as % of Homes	2.0%	9.0%
Days on Market	113	47.0%

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Demographics — Siesta Key, FL

As of the latest ACS Survey released in 2023, Siesta Key, FL has a population of 7,670, which has remained stable by -0.4% over the past 5 years. Siesta Key, FL is a less popular place for families, as children make up 7.7% of the population. The area has a highly educated workforce, with 66.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,670	-0.4%
% Under 18	7.7%	-18.1%
% Seniors	50.3%	-0.2%
% WFH	31.8%	51.4%
% w/ College Degree	66.5%	10.8%

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As of the latest ACS Survey released in 2023, Siesta Key, FL is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Siesta Key, FL is hispanic, making up 3.1% of the population. Foreign-born residents account for 13.0% of the population in Siesta Key, FL, and this percentage has increased by 7.4% 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	92.5%	-3.8%
% Black	0.1%	∞%
% Hispanic	3.1%	121.4%
% Asian	2.2%	83.3%
% Foreign Born	13.0%	7.4%

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Mortgage and Risk — Siesta Key, FL

According to HUD data as of 2023, there were 202 mortgage originations in Siesta Key, FL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Siesta Key, FL. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	202
% Conventional Loans	100.0%
% Government Loans	0.0%
% Investor Loans	7.0%
% Second Loans	42.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Siesta Key, FL

As of 2024, the percent of homes in Siesta Key, FL under the Section 8 program is 0.2%. 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 Siesta Key, 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	1
Total Units Section 8	1
% Rentals under Section 8	0.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$960	$3,250	$2,290
2 Bedroom	-$3,330	$6,000	$2,670
3 Bedroom	-$3,040	$6,550	$3,510
4 Bedroom	-$2,800	$7,000	$4,200

Siesta Key, FL—34242

Key Metrics at a Glance

Home Price Trends — Siesta Key, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Siesta Key, FL

% of Rental Stock

Property Listings — Siesta Key, FL

Demographics — Siesta Key, FL

Race and Ethnicity

Mortgage and Risk — Siesta Key, FL

Mortgages

Rentals and Section 8 — Siesta Key, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Siesta Key, FL

Home Price to Income Ratio

Siesta Key, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Gulf Gate Estates, Sarasota, FL

Arlington Park, Sarasota, FL

Downtown Sarasota, Sarasota, FL

South Gate Ridge, Sarasota, FL

Palmer Ranch, Sarasota, FL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	8.4
Median Home Price	$840,000
Median Household Income	$122,000

Siesta Key, FL—34242

Key Metrics at a Glance

Home Price Trends — Siesta Key, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Siesta Key, FL

% of Rental Stock

Property Listings — Siesta Key, FL

Demographics — Siesta Key, FL

Race and Ethnicity

Mortgage and Risk — Siesta Key, FL

Mortgages

Rentals and Section 8 — Siesta Key, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Siesta Key, FL

Home Price to Income Ratio

Siesta Key, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Gulf Gate Estates, Sarasota, FL

Arlington Park, Sarasota, FL

Downtown Sarasota, Sarasota, FL

South Gate Ridge, Sarasota, FL

Palmer Ranch, Sarasota, FL

Frequently Asked Questions

What is the average home price in Siesta Key, FL 34242?

How have home prices in Siesta Key, FL 34242 changed over the past year?

What is the home price projection for Siesta Key, FL 34242?

What are the demographics of Siesta Key, FL 34242?

How long does it take homes to sell in Siesta Key, FL 34242?

What is the average rent price in Siesta Key, FL 34242?