dynamic.RE
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A middling-yield market. Neither rent nor appreciation makes the case on its own.
What would change this read: a price correction (median already +4.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −8.6% YoY, is the number to watch.
The median listing price is up 4.6% YoY while the median home got down 6.3% bigger, so value per square foot is up 1.7%.
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 $1.15M purchase rents for $7,470/mo: 0.65% 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), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Rentals here take about 54 days longer to find a tenant than sales take to go under contract (median across 2 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented), Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 34242 itself, not its parent county.
Renters hold 9.6% of this ZIP's 4,014 occupied households, on a median household income of $116K.
| Measure | ZIP 34242 | Sarasota County | Difference |
|---|---|---|---|
| Median Household Income | $116K | $83K | +$33K |
| Below Poverty Level | 6.4% | 8.6% | -2.2% |
| Median Age | 65.50 | 57.40 | +8.10 |
| Total Population | 7,529 | 459,547 | -- |
| Avg Household Size | 1.88 | 2.13 | -0.25 |
| Owner-Occupied | 90.4% | 76.7% | +13.7% |
| Worked From Home | 34.4% | 16.6% | +17.8% |
| Mean Commute | 33.90 | 24.50 | +9.40 |
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.