dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −3.8% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −4.5% YoY, is the number to watch.
The median listing price is down 3.8% YoY while the median home got down 4.7% bigger, so value per square foot is down 3.0%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $412K purchase rents for $2,250/mo: 0.55% of price per month against the 1% rule's 1.00%.
Not shown: 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 4 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 34231 itself, not its parent county.
Renters hold 35.3% of this ZIP's 15,546 occupied households, on a median household income of $70K.
| Measure | ZIP 34231 | Sarasota County | Difference |
|---|---|---|---|
| Median Household Income | $70K | $83K | -$13K |
| Below Poverty Level | 9.3% | 8.6% | +0.7% |
| Median Age | 55.20 | 57.40 | -2.20 |
| Total Population | 32,404 | 459,547 | -- |
| Avg Household Size | 2.04 | 2.13 | -0.09 |
| Owner-Occupied | 64.7% | 76.7% | -12.0% |
| Worked From Home | 16.0% | 16.6% | -0.6% |
| Mean Commute | 21.50 | 24.50 | -3.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 2.3% to 459,547: residents under 18 are up 2.0% and those 65 and over are up 2.9%.
County median household income is $83K, 8.6% of residents are below the poverty level, 16.6% work from home.