Sarasota Real Estate Market Overview
Average Monthly Rent:
$1,922
Percentage Change in Home Price/Value:
19.9%
Median Home Value:
$475,000
Best Time To Sell Home:
March
Affordability Index:
88
Days To Sell House:
50
Job Market:
Fair
Public School Ranking:
18
Location and Weather
Sarasota sits on Florida’s Gulf Coast, just south of the Tampa Bay area. There are 35 miles’ worth of white sand beaches here, and six keys that border the coastline. These include Longboat, Lido, Siesta, Casey, and Manasota Key, as well as Venice Beach. Sarasota was named one of the best places to live for retirees by the U.S. News and World Report, as well as the second best place to live for all ages in the Sunshine State.
Warm weather is year-round in this city, and it’s described to be a more comfortable place to live due to its temperate climate.
Population, Job Market and Cost of Living
Sarasota’s population is 59,902, with a growth rate of 0.91% annually. The job market has increased by 2.6% over the last year. In ten years, job growth is predicted to be 44.6%. Sarasota was named the best small city in the nation by Money Magazine, as well as the 44th best city in the U.S. to live and do business in out of 150 other cities. The medical industry is the forefront of the economy here, along with food retail and law enforcement.
Sarasota is no more expensive than the average cost of living amongst Floridian cities. Although, it is more expensive in comparison to the national average cost of living.