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 −12.5% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −16.7% YoY, is the number to watch.
The median listing price is down 12.5% YoY while the median home got up 2.0% bigger, so value per square foot is down 9.7%.
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 $331K purchase rents for $2,300/mo: 0.69% of price per month against the 1% rule's 1.00%.
Not shown: 1 BR (rent only, no matching sale price).
Sales here take about 19 days longer to go under contract than rentals (median across 2 property types).
Not shown: Apartment (rented here, not sold), Condo (sold here, not rented), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 34289 itself, not its parent county.
Renters hold 24.5% of this ZIP's 1,871 occupied households, on a median household income of $83K.
| Measure | ZIP 34289 | Sarasota County | Difference |
|---|---|---|---|
| Median Household Income | $83K | $83K | -$5 |
| Below Poverty Level | 2.3% | 8.6% | -6.3% |
| Median Age | 57.10 | 57.40 | -0.30 |
| Total Population | 4,441 | 459,547 | -- |
| Avg Household Size | 2.37 | 2.13 | +0.24 |
| Owner-Occupied | 75.5% | 76.7% | -1.2% |
| Worked From Home | 4.5% | 16.6% | -12.1% |
| Mean Commute | 32.60 | 24.50 | +8.10 |
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.