University Park, Sarasota, FL—34243
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University Park, Sarasota, FL
As of Oct '25, the median home price in University Park, Sarasota, FL is $400,000, with a year-over-year change of -9.3%. This indicates that home prices in University Park, Sarasota, FL are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $400,000 | -9.3% |
| Single Family | $432,000 | -9.6% |
| Condos | $240,000 | -13.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $162,000 | -13.8% |
2 Bed | $322,000 | -10.1% |
3 Bed | $415,000 | -9.4% |
4 Bed | $545,000 | -8.7% |
| 5 Bed | $700,000 | -9.0% |
% of Housing Stock
Rental Trends — University Park, Sarasota, FL
As of July '25, Rentcast reports the average rent in University Park, Sarasota, FL is $2,710, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in University Park, Sarasota, FL is studios: $1,770, 1-bedrooms: $1,890, 2-bedrooms: $2,410, 3-bedrooms: $2,850, 4-bedrooms: $3,960. The most common rental property sizes in University Park, Sarasota, FL are 2-bedroom and 3-bedroom, accounting for 55.0% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,710 |
| Studio Rent | $1,500 | $1,770 |
| 1 Bed Rent | $1,750 | $1,890 |
| 2 Bed Rent | $2,000 | $2,410 |
| 3 Bed Rent | $2,500 | $2,850 |
| 4 Bed Rent | $3,800 | $3,960 |
% of Rental Stock
Property Listings — University Park, Sarasota, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in University Park, Sarasota, FL is 75. This is a increase of 27.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | -7.0% |
Listing Count | 287 | 14.0% |
| Listings as % of Homes | 0.9% | 14.0% |
Days on Market | 75 | 27.0% |
Demographics — University Park, Sarasota, FL
As of the latest ACS Survey released in 2023, University Park, Sarasota, FL has a population of 31,800, which has decreased by -1.4% over the past 5 years. University Park, Sarasota, FL is a less popular place for families, as children make up 13.6% of the population. The area has a moderately educated workforce, with 43.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | -1.4% |
% Under 18 | 13.6% | -7.5% |
% Seniors | 29.1% | -9.6% |
% WFH | 15.0% | 120.6% |
% w/ College Degree | 43.0% | 7.2% |
As of the latest ACS Survey released in 2023, University Park, Sarasota, FL is a predominantly white area, with 75.9% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in University Park, Sarasota, FL is hispanic, making up 13.8% of the population. Foreign-born residents account for 16.3% of the population in University Park, Sarasota, FL, and this percentage has increased by 17.3% 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 | 75.9% | -4.5% |
% Black | 2.8% | -39.1% |
% Hispanic | 13.8% | 14.0% |
% Asian | 3.3% | 22.2% |
% Foreign Born | 16.3% | 17.3% |
Mortgage and Risk — University Park, Sarasota, FL
According to HUD data as of 2023, there were 403 mortgage originations in University Park, Sarasota, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in University Park, Sarasota, FL. Investor activity is low, as 2.0% 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 | 403 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — University Park, Sarasota, FL
As of 2024, the percent of homes in University Park, Sarasota, FL under the Section 8 program is 7.3%. 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 University Park, Sarasota, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 295 |
Total Units Section 8 | 294 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,750 | $2,000 |
| 2 Bedroom | $340 | $2,000 | $2,340 |
| 3 Bedroom | $570 | $2,500 | $3,070 |
| 4 Bedroom | -$120 | $3,800 | $3,680 |
Affordability — University Park, Sarasota, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $400,000 |
| Median Household Income | $79,800 |