ZIP Code · FL

ZIP 34232

Part of Sarasota, FL

Pop. 34,013·Sarasota County·349th most expensive ZIP in Florida

Median rent (all units)

$2,038/mo

Year-over-Year

+3.0%

Month-over-Month

+1.3%

vs US Median

+$106

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34232 · $2,038

More expensive than 63% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,570

1 BR

$1,870

2 BR

$2,170

3 BR

$2,810

4 BR+

$3,350

Research median

$2,170/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

June. Asking rents in ZIP 34232 usually run 1.3% below trend in June and 1.9% above it in January, about $65 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 34232 is 1.7% below its high of $2,073 in July 2023, at $2,038 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 34232 changed +3.0% 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 34232 rose 52.6% while median household income rose 20.3% ($67,146 to $80,795). Rent outpaced income.

Since before the pandemic

Rent in ZIP 34232 is 55% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($80,795) is $2,020 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,870); a 2-bedroom is $2,170.

Rank in Sarasota

3rd cheapest of 11 ZIP codes in Sarasota.

From Zillow's monthly rent index (ZORI) for ZIP 34232. 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

$24,456/yr

At $2,038/mo median

Location

CitySarasota

StateFL

CountySarasota County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.0% YoY, +1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 34232 (Sarasota, FL) is majority owner-occupied, has a large retiree population, 36.1% of residents hold a bachelor's degree or higher.

Population

34,013

Median income

$80,795

Median age

48.1

Renters

32.1%

Age distribution

17.2%

17.4%

23.9%

16.2%

25.3%

Under 1817.2%

18–3417.4%

35–5423.9%

55–6416.2%

65+25.3%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

78.7%

13.5%

White78.7%

Black4.3%

Hispanic13.5%

Asian1.7%

Other1.8%

Education (25+)

27.8%

29.7%

36.1%

No HS diploma6.5%

HS diploma27.8%

Some college29.7%

Bachelor's+36.1%

Housing tenure

67.9%

32.1%

Owner67.9%

Renter32.1%

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

2021 vs 2026

How ZIP 34232 in Sarasota, FL has changed in 5 years

Rent

$1,490 → $2,038

up 36.8%

Income

$73,212 → $80,795

up 10.4%

Population

34,108 → 34,013

down 0.3%

Renter share

31.1% → 32.1%

+1.0 pts

Bachelor's+

30.4% → 36.1%

+5.7 pts

Five years ago, renters in ZIP 34232 in Sarasota, FL paid around $1,490 a month. That figure now sits near $2,038, up 36.8% from the 2021 baseline. Census figures show median household income at $80,795 today, compared with $73,212 five years earlier. 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 30.4% to 36.1% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 34232

Last updated: October 17, 2026

ZIP code 34232 covers Sarasota, FL. The median rent here is $2,038/mo as of October 2026. A 1-bedroom rents for a median of $1,870/mo. A 2-bedroom rents for a median of $2,170/mo.

At 30% of local median household income ($80,795/yr), ZIP 34232 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34232?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (about $39/hour full-time) to afford the median rent of $2,038/mo in ZIP 34232. The local median household income is $80,795/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 34232?

Rent in ZIP 34232 has risen 3.0% over the past year as of September 2026. It sits 1.7% below its high of $2,073 in July 2023.

When is the cheapest time to rent in ZIP 34232?

Asking rents in ZIP 34232 are usually lowest in June, about 1.3% below their yearly trend, and highest in January, about 1.9% above it. At today's median that is a gap of roughly $65 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 34232?

Yes. From 2019 to 2024, rent in ZIP 34232 rose 52.6% while median household income rose 20.3%, from $67,146 to $80,795. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 34232 compare to other ZIPs in Florida?

ZIP 34232 is in the middle among Florida ZIP codes for rent, ranking #349 of 656 at $2,038/mo. Over the year to September 2026, rent in ZIP 34232 changed +3.0%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.