ZIP Code · FL

ZIP 34231

Part of Sarasota, FL

Pop. 32,404·Sarasota County·294th most expensive ZIP in Florida

Median rent (all units)

$2,129/mo

Year-over-Year

+4.5%

Month-over-Month

+0.6%

vs US Median

+$197

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34231 · $2,129

More expensive than 68% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,480

1 BR

$1,760

2 BR

$2,050

3 BR

$2,660

4 BR+

$3,170

Research median

$2,050/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

September. Asking rents in ZIP 34231 usually run 1.6% below trend in September and 2% above it in January, about $77 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 34231 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Florida

Rent in ZIP 34231 changed +4.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 34231 rose 58.9% while median household income rose 31.1% ($53,332 to $69,925). Rent outpaced income.

Since before the pandemic

Rent in ZIP 34231 is 58.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($69,925) is $1,748 a month. That covers HUD's Fair Market Rent for up to a studio ($1,480); a 1-bedroom is $1,760.

Rank in Sarasota

6th cheapest of 11 ZIP codes in Sarasota.

From Zillow's monthly rent index (ZORI) for ZIP 34231. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,548/yr

At $2,129/mo median

Location

CitySarasota

StateFL

CountySarasota County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.5% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 34231 (Sarasota, FL) is majority owner-occupied, has a large retiree population, 38.5% of residents hold a bachelor's degree or higher.

Population

32,404

Median income

$69,925

Median age

55.2

Renters

35.3%

Age distribution

14.7%

14.8%

20.3%

14.1%

36.1%

Under 1814.7%

18–3414.8%

35–5420.3%

55–6414.1%

65+36.1%

Gender

44.9%

55.1%

Male44.9%

Female55.1%

Race & ethnicity

86.9%

White86.9%

Black1.4%

Hispanic9.4%

Asian1%

Other1.3%

Education (25+)

27.1%

28.8%

38.5%

No HS diploma5.7%

HS diploma27.1%

Some college28.8%

Bachelor's+38.5%

Housing tenure

64.7%

35.3%

Owner64.7%

Renter35.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 34231 in Sarasota, FL has changed in 5 years

Rent

$1,516 → $2,129

up 40.4%

Income

$61,937 → $69,925

up 12.9%

Population

32,460 → 32,404

down 0.2%

Renter share

34.4% → 35.3%

+0.9 pts

Bachelor's+

34.6% → 38.5%

+3.9 pts

Median age

51.4 → 55.2

+3.8 yrs

Across the past five years, the going rent in ZIP 34231 in Sarasota, FL has shifted from $1,516 to $2,129, up 40.4% since 2021. Local incomes tracked alongside that move, going from a median of $61,937 in 2021 to $69,925 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 34.6% to 38.5% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 34231 in Sarasota, FL market of 2021.

Community

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Local insights

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About renting in ZIP 34231

Last updated: October 17, 2026

ZIP code 34231 covers Sarasota, FL. The median rent here is $2,129/mo as of October 2026. A 1-bedroom rents for a median of $1,760/mo. A 2-bedroom rents for a median of $2,050/mo.

At 37% of local median household income ($69,925/yr), ZIP 34231 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34231?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (about $41/hour full-time) to afford the median rent of $2,129/mo in ZIP 34231. The local median household income is $69,925/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 34231?

Rent in ZIP 34231 has risen 4.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 34231?

Asking rents in ZIP 34231 are usually lowest in September, about 1.6% below their yearly trend, and highest in January, about 2% above it. At today's median that is a gap of roughly $77 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 34231?

Yes. From 2019 to 2024, rent in ZIP 34231 rose 58.9% while median household income rose 31.1%, from $53,332 to $69,925. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 34231 compare to other ZIPs in Florida?

ZIP 34231 is in the middle among Florida ZIP codes for rent, ranking #294 of 656 at $2,129/mo. Over the year to September 2026, rent in ZIP 34231 changed +4.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.