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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is −20.8% YoY. inventory, −8.9% YoY, is the number to watch.
The median listing price is down 20.8% YoY while the median home got down 9.3% bigger, so value per square foot is down 6.7%.
U.S. Census ACS characteristics for ZIP 34240 itself, not its parent county.
Renters hold 18.2% of this ZIP's 7,390 occupied households, on a median household income of $130K.
| Measure | ZIP 34240 | Sarasota County | Difference |
|---|---|---|---|
| Median Household Income | $130K | $83K | +$47K |
| Below Poverty Level | 2.9% | 8.6% | -5.7% |
| Median Age | 49.70 | 57.40 | -7.70 |
| Total Population | 18,774 | 459,547 | -- |
| Avg Household Size | 2.54 | 2.13 | +0.41 |
| Owner-Occupied | 81.8% | 76.7% | +5.1% |
| Worked From Home | 23.3% | 16.6% | +6.7% |
| Mean Commute | 24.30 | 24.50 | -0.20 |
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.