Market Overview
Sarasota is situated on Florida’s Gulf of Mexico coast between Tampa and Ft. Myers. It's subtropical climate in typical of Florida with very mild, sunny winters with temperatures that rarely fall below 68 degrees. Sarasota’s and hot, balmy summer temperatures average 86 degrees. It’s immediate access to the Gulf makes it a hub for boating and other water recreation activities.
Sarasota has had steady growth both in population and in jobs. In 2018 the population was 57,738 with an annual growth rate of 0.93%. The job market has increased by 2.6% over the last year with a 44.6% job growth in the next ten years. That makes Sarasota a little higher that the US average job growth of 33.5%
Tourism, as in most of Florida, is the largest factor contributing to Sarasota’s growth with many jobs in the service industry. There is also manufacturing, a large medical industry, grocery chains and Tropicana Products, Inc., the juice producer.
With beautiful beaches on the Gulf of Mexico, a stable and growing population and positive job growth, and no state income taxes in Florida which makes for a moderate cost of living. Sarasota is a great place for those who want a gulf coast lifestyle.
Real estate market data in Sarasota
Average Monthly Rent:
$1,427
Percentage Change in Home Price/Value:
1.70%
Median Home Value:
$261,200
Best Time To Sell Home:
December
Affordability Index:
129.4
Days To Sell House:
95.96
Job Market:
Fair
Public School Ranking:
26
