Kensington Park, Sarasota, FL—34235
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kensington Park, Sarasota, FL
As of Oct '25, the median home price in Kensington Park, Sarasota, FL is $317,000, with a year-over-year change of -10.4%. This indicates that home prices in Kensington Park, Sarasota, FL are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | -10.4% |
| Single Family | $360,000 | -8.9% |
| Condos | $240,000 | -15.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $173,000 | -16.8% |
2 Bed | $260,000 | -13.6% |
3 Bed | $385,000 | -8.6% |
4 Bed | $470,000 | -6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kensington Park, Sarasota, FL
As of July '25, Rentcast reports the average rent in Kensington Park, Sarasota, FL is $2,630, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Kensington Park, Sarasota, FL is 1-bedrooms: $1,780, 2-bedrooms: $2,630, 3-bedrooms: $3,070, 4-bedrooms: $3,000. The most common rental property sizes in Kensington Park, Sarasota, FL are 2-bedroom and 3-bedroom, accounting for 51.4% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,610 | $1,780 |
| 2 Bed Rent | $2,180 | $2,630 |
| 3 Bed Rent | $2,630 | $3,070 |
| 4 Bed Rent | $2,500 | $3,000 |
% of Rental Stock
Property Listings — Kensington Park, Sarasota, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Kensington Park, Sarasota, FL is 72. This is a decrease of -11.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | -3.0% |
Listing Count | 159 | -8.0% |
| Listings as % of Homes | 1.1% | -8.0% |
Days on Market | 72 | -11.0% |
Demographics — Kensington Park, Sarasota, FL
As of the latest ACS Survey released in 2023, Kensington Park, Sarasota, FL has a population of 15,100, which has increased by 3.0% over the past 5 years. Kensington Park, Sarasota, FL is a less popular place for families, as children make up 12.3% of the population. The area has a moderately educated workforce, with 38.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | 3.0% |
% Under 18 | 12.3% | -17.4% |
% Seniors | 40.0% | 9.6% |
% WFH | 13.9% | 16.8% |
% w/ College Degree | 38.0% | -1.8% |
As of the latest ACS Survey released in 2023, Kensington Park, Sarasota, FL is a predominantly white area, with 72.6% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Kensington Park, Sarasota, FL is hispanic, making up 22.2% of the population. Foreign-born residents account for 19.3% of the population in Kensington Park, Sarasota, FL, and this percentage has decreased by 10.6% 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 | 72.6% | -6.9% |
% Black | 2.0% | -25.9% |
% Hispanic | 22.2% | 32.1% |
% Asian | 0.2% | -66.7% |
% Foreign Born | 19.3% | -10.6% |
Mortgage and Risk — Kensington Park, Sarasota, FL
According to HUD data as of 2023, there were 232 mortgage originations in Kensington Park, Sarasota, FL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Kensington Park, Sarasota, FL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 232 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Kensington Park, Sarasota, FL
As of 2024, the percent of homes in Kensington Park, Sarasota, FL under the Section 8 program is 4.2%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Kensington Park, Sarasota, FL, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 75 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,610 | $1,750 |
| 2 Bedroom | -$140 | $2,180 | $2,040 |
| 3 Bedroom | $50 | $2,630 | $2,680 |
| 4 Bedroom | $710 | $2,500 | $3,210 |
Affordability — Kensington Park, Sarasota, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $317,000 |
| Median Household Income | $72,900 |