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Sarasota

Learn about the people, housing, costs and businesses in Sarasota, Florida

Median Home$601,222
Median Rent$1,811/month
Population56,870
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality5% education
Home Value Growth⬆⬆⬆+24.4% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners58% of occupied units
NotableAmenity Score90/100 · highly walkable area
NotableTransit83/100 · excellent transit access
Sarasota
FL

Frequently Asked Questions

What are today's mortgage rates in Sarasota?

As of today, the 30-year fixed mortgage rate for Sarasota is approximately 6.871% (6.906% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Sarasota?

The median home value in Sarasota is $601k. The median monthly rent is $1,811. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sarasota?

Home values in Sarasota have increased 24.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sarasota?

Based on a typical all-in ownership cost of $1,773/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sarasota is $84k/year.

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What industries drive the economy in Sarasota?

The largest employment sectors in Sarasota are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.