34241, Sarasota, FL

The 34241 zip code of Sarasota, FL is located in the heart of the Florida Gulf Coast and has a population of over 103,000. The median home value in this zip code is $269,900 and the median home equity is $128,600. Home prices have increased by 5.5% since 2016 and are projected to increase by another 6.8% by 2021.

The main drivers of home prices in Sarasota are demand from local buyers and investors as well as limited supply due to zoning restrictions that protect waterfront properties. There is also a high demand for luxury homes in this area due to its proximity to both Tampa Bay and Naples.

Some factors that may impact home prices in the 34241 zip code include: interest rates, economic conditions (such as job growth), regulations (such as new construction rules), availability of inventory, and market trends (such as price appreciation).