Sarasota, FL is known for its beautiful beaches and vibrant culture, but it also has a booming real estate market. The median value of housing in Sarasota is $454,200, which is much higher than the US House median value of $338,100. This difference can be attributed to the higher appreciation rate of houses in Sarasota. In the last year alone, houses have appreciated 23.37%, well above the average US house appreciation rate of 8.27%. These figures show that Sarasota real estate is a great investment opportunity for those looking to purchase a home or invest in property.
The median home cost in Sarasota is $454,200. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Sarasota is up 31.2%.
Average Age of Homes
- The median age of Sarasota real estate is 44 years old
The Rental Market in Sarasota
- Renters make up 36.9% of the Sarasota population
- 2.7% of houses and apartments in Sarasota, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.