ZIP Code · FL

ZIP 34238

Part of Sarasota, FL

Pop. 23,821·Sarasota County·325th most expensive ZIP in Florida

Median rent (all units)

$2,078/mo

Year-over-Year

-1.9%

Month-over-Month

+1.0%

vs US Median

+$146

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34238 · $2,078

More expensive than 65% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,700

1 BR

$2,020

2 BR

$2,350

3 BR

$3,040

4 BR+

$3,630

Research median

$2,350/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

February. Asking rents in ZIP 34238 usually run 0.4% below trend in February and 0.7% above it in November, about $23 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 34238 is 10.2% below its high of $2,315 in October 2023, at $2,078 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 34238 changed -1.9% 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 34238 rose 47.9% while median household income rose 28.1% ($76,465 to $97,926). Rent outpaced income.

Since before the pandemic

Rent in ZIP 34238 is 35.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($97,926) is $2,448 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,350); a 3-bedroom is $3,040.

Rank in Sarasota

4th cheapest of 11 ZIP codes in Sarasota.

From Zillow's monthly rent index (ZORI) for ZIP 34238. 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

$24,936/yr

At $2,078/mo median

Location

CitySarasota

StateFL

CountySarasota County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-1.9% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 34238 (Sarasota, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 55.7% of residents hold a bachelor's degree or higher.

Population

23,821

Median income

$97,926

Median age

63.7

Renters

23.6%

Age distribution

16.8%

46.8%

Under 1811%

18–348.5%

35–5416.8%

55–6416.8%

65+46.8%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

86%

White86%

Black3.1%

Hispanic6.8%

Asian2.9%

Other1.2%

Education (25+)

17.5%

24.4%

55.7%

No HS diploma2.5%

HS diploma17.5%

Some college24.4%

Bachelor's+55.7%

Housing tenure

76.4%

23.6%

Owner76.4%

Renter23.6%

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

2021 vs 2026

How ZIP 34238 in Sarasota, FL has changed in 5 years

Rent

$1,671 → $2,078

up 24.4%

Income

$85,881 → $97,926

up 14.0%

Population

21,148 → 23,821

up 12.6%

Renter share

22.2% → 23.6%

+1.4 pts

Bachelor's+

54.7% → 55.7%

+1.0 pts

Median age

64.4 → 63.7

-0.7 yrs

Since 2021, the typical rent in ZIP 34238 in Sarasota, FL has increased from $1,671 to $2,078, a 24.4% change over five years. Census figures show median household income at $97,926 today, compared with $85,881 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 12.6% since 2021, moving from about 21,148 residents to roughly 23,821. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 34238

Last updated: October 17, 2026

ZIP code 34238 covers Sarasota, FL. The median rent here is $2,078/mo as of October 2026. A 1-bedroom rents for a median of $2,020/mo. A 2-bedroom rents for a median of $2,350/mo.

At 25% of local median household income ($97,926/yr), ZIP 34238 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34238?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (about $40/hour full-time) to afford the median rent of $2,078/mo in ZIP 34238. The local median household income is $97,926/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 34238?

Rent in ZIP 34238 has fallen 1.9% over the past year as of September 2026. It sits 10.2% below its high of $2,315 in October 2023.

When is the cheapest time to rent in ZIP 34238?

Asking rents in ZIP 34238 are usually lowest in February, about 0.4% below their yearly trend, and highest in November, about 0.7% above it. At today's median that is a gap of roughly $23 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 34238?

Yes. From 2019 to 2024, rent in ZIP 34238 rose 47.9% while median household income rose 28.1%, from $76,465 to $97,926. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 34238 compare to other ZIPs in Florida?

ZIP 34238 is in the middle among Florida ZIP codes for rent, ranking #325 of 656 at $2,078/mo. Over the year to September 2026, rent in ZIP 34238 changed -1.9%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.