Sarasota, Florida Housing Market Prices
Sarasota Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 19% above the Florida median$370,800
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Median rent 2% above the Florida median$1,698
Housing Market Overview
| Metric | Sarasota | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $370,800 | $311,338 | $248,835 |
| Price Trend (Annual %) | 13.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,698 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 7.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sarasota is about 19% higher than in Florida. Rent is about 2% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sarasota, up about 13.5% and 7.7% a year respectively. Home prices are changing faster.
Median rent in Sarasota rose about 82.5% between 2015 and 2024, from $930 to $1,698. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Sarasota.
Buying the median-priced home in Sarasota costs roughly 18.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sarasota. The price-to-rent ratio in Florida is about 15.6.
| Metric | Sarasota | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $370,800 | $311,338 | $248,835 |
| Median Household Income | $73,352 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sarasota fell about 13.5%, while median household income rose about 75.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sarasota | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.7% | 57.7% | 58.5% |
| Rental Rate | 35.1% | 27.7% | 31.2% |
| Vacancy Rate | 20.2% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Sarasota has a homeownership rate of 44.7%, lower than the Florida average of 57.7%. Its housing vacancy rate is 20.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | Sarasota | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.98 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1976 | 1988 | 1978 |
| Median Number of Rooms | 4.5 | 5.2 | 5.5 |
The typical housing unit in Sarasota was built around 1976. On average, 2.0 people live in a home with about 4.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sarasota, Florida.
What is the median home price in Sarasota, Florida?
The median home price in Sarasota, Florida is $370,800, higher than the Florida average of $311,338.
What is the average home price in Sarasota, Florida?
The typical home price in Sarasota, Florida, reported as the median sale price, is $370,800. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sarasota, Florida?
The median gross rent in Sarasota, Florida is $1,698 per month, higher than the Florida average of $1,668.
What was the median gross rent in Sarasota in 2020?
In 2020, the median gross rent in Sarasota, Florida was $1,177 per month.
What is the price-to-rent ratio in Sarasota, Florida?
The price-to-rent ratio in Sarasota, Florida is about 18.2, meaning it would take roughly 18.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sarasota.
Are home prices or rent rising faster in Sarasota, Florida?
Both home prices and rent are rising in Sarasota, up about 13.5% and 7.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sarasota, Florida?
44.7% of households in Sarasota, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Sarasota, Florida?
The housing vacancy rate in Sarasota, Florida is 20.2%, higher than the Florida average of 14.6%.
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