The housing market in South Sarasota, FL is strong and growing. The median value of a home in the area is $520,100, which is significantly higher than the US median value of $338,100. Over the last year, house appreciation in South Sarasota has been particularly impressive with an increase of 23.37%, compared to just 8.27% nationally. This indicates that homes in South Sarasota are increasingly desirable and valuable investments for potential buyers.
The median home cost in South Sarasota is $520,100. Home appreciation the last 10 years has been 211.6%. Home Appreciation in South Sarasota is up 31.2%.
Average Age of Homes
- The median age of South Sarasota real estate is 39 years old
The Rental Market in South Sarasota
- Renters make up 24.0% of the South Sarasota population
- 1.3% of houses and apartments in South 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.