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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 +3.2% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −2.8% YoY, is the number to watch.
The median listing price is up 3.2% YoY while the median home got up 6.3% bigger, so value per square foot is down 10.1%.
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 $376K purchase rents for $1,945/mo: 0.52% of price per month against the 1% rule's 1.00%.
Not shown: 2 BR (sale only, no matching rent), 5 BR (sale only, no matching rent).
Sales here take about 46 days longer to go under contract than rentals.
Not shown: Condo (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 34291 itself, not its parent county.
Renters hold 18.6% of this ZIP's 3,251 occupied households, on a median household income of $93K.
| Measure | ZIP 34291 | Sarasota County | Difference |
|---|---|---|---|
| Median Household Income | $93K | $83K | +$10K |
| Below Poverty Level | 7.6% | 8.6% | -1.0% |
| Median Age | 45.00 | 57.40 | -12.40 |
| Total Population | 8,630 | 459,547 | -- |
| Avg Household Size | 2.65 | 2.13 | +0.52 |
| Owner-Occupied | 81.4% | 76.7% | +4.7% |
| Worked From Home | 7.6% | 16.6% | -9.0% |
| Mean Commute | 31.40 | 24.50 | +6.90 |
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.