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These days, finding an affordable place to live in the Sarasota area can be challenging. Home prices in Sarasota are now at a median cost of $454,222, higher than the Florida average of $396,783.
The average cost of rent is $1,992/mo in Sarasota, primarily driven by the current value of real estate in the Sarasota area. In Sarasota, 24.37% of households rent, and 47.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sarasota is $7,696 per month. Households that rent pay about 25.88% of their income on rent here. Sarasota’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sarasota Springs, FL: less expensive homes
- Southgate, FL: equally priced homes
- Fruitville, FL: equally priced homes
- Bee Ridge, FL: equally priced homes
- North Sarasota, FL: less expensive homes
- South Sarasota, FL: higher priced homes
- Gulf Gate Estates, FL: less expensive homes
- Siesta Key, FL: higher priced homes
- Bayshore Gardens, FL: less expensive homes
- Longboat Key, FL: higher priced homes
Cities with Similar Populations
- Weatherford, TX: less expensive homes
- Watsonville, CA: higher priced homes
- Warren, OH: less expensive homes
- Waukesha, WI: less expensive homes
- Victoria, TX: less expensive homes
- Washington, DC: higher priced homes
- Waipahu, HI: higher priced homes
- Waukegan, IL: less expensive homes
- Walnut Creek, CA: higher priced homes
- Virginia Beach, VA: less expensive homes
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