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Lake Sarasota Housing Information

IndexLake SarasotaFloridaNational
Median home price$172,600$166,800$184,700
Median rent asked$1,256$1,032$949
Avg. people per household3.02.62.6
Owner occupied households73.3%64.8%63.6%
Renter occupied households26.7%35.2%36.4%
A general overview of the Lake Sarasota, FL real estate market is displayed above. The median home price for homes in Lake Sarasota, FL is $172,600, which is 3% higher than the Florida average. This means that real estate in the Lake Sarasota, FL area is generally less affordable than the rest of Florida. The median rent price in Lake Sarasota, FL is $1,256 which is 22% higher than the Florida average. In Lake Sarasota, FL, 73.3% of people are home owners and an average of 3.0 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Lake Sarasota, FL. We make it easy to find Lake Sarasota, FL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Lake Sarasota Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Lake Sarasota, FL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Lake Sarasota, FL is $172,600 and the median household income is $61,631. This results in a home price to income ratio of 2.8x, which is 18% lower than the Florida average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Lake Sarasota, FL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Lake Sarasota, FL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
South Bradenton, FL24,428$58,70068%
West Samoset, FL6,836$62,40066%
Bayshore Gardens, FL19,409$73,20060%
Samoset, FL4,243$83,70055%
North Sarasota, FL8,412$87,00053%
Lake Sarasota, FL4,605$172,6007%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Mayfair, CA4,605$108,00042%
Pittsfield, IL4,604$87,10053%
Negaunee, MI4,606$110,40040%
El Cerro Mission, NM4,606$80,10057%
Marlow, OK4,607$97,30047%
Lake Sarasota, FL4,605$172,6007%

Source: The Lake Sarasota, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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