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ZIP Code · FL

ZIP 34238

Part of Sarasota, FL
Pop. 23,821·Sarasota County·360th most expensive ZIP in Florida
Median rent (all units)
$2,047/mo
Year-over-Year
-4.5%
Month-over-Month
-1.9%
vs US Median
+$96
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 34238 · $2,047
More expensive than 63% of US ZIP codes · National median $1,951/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: June 22, 2026

Annual cost
$24,564/yr
At $2,047/mo median
Location
StateFL
CountySarasota County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.5% YoY, -1.9% 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%
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
$1,673 → $2,047
up 22.4%
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 $1,673 to $2,047, a 22.4% 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

Tips for renters in ZIP 34238

About renting in ZIP 34238

Last updated: June 22, 2026

ZIP code 34238 covers Sarasota, FL. The median rent here is $2,047/mo as of June 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 4.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 34238?

As of June 22, 2026, the median monthly rent in ZIP 34238 (Sarasota, FL) is $2,047. This is based on aggregated data from public sources and community submissions.

How does ZIP 34238 rent compare to the US average?

ZIP 34238's median rent of $2,047/mo is $96 (5%) above the US national median of $1,951/mo.

How does ZIP 34238 compare to other ZIPs in Florida?

ZIP 34238 falls in the middle range for Florida, ranking #360 out of 669 ZIPs at $2,047/mo.

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 $82,000/year (~$39/hour full-time) to afford the median rent of $2,047/mo in ZIP 34238. The local median household income is $97,926/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 34238?

Rent in ZIP 34238 has decreased 4.5% over the past year as of June 22, 2026, offering some relief compared to 12 months ago.

Is ZIP 34238 an affordable place to rent?

ZIP 34238 is considered affordable for renters. At $2,047/mo, rent takes approximately 25% of the local median household income ($97,926/yr). The standard benchmark is 30%. ZIP 34238 falls comfortably within that range.

What percentage of ZIP 34238 residents rent vs. own?

According to Census data, approximately 23.6% of ZIP 34238 households are renters, while 76.4% are owner-occupied. ZIP 34238 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 34238 compare to the rest of Sarasota?

ZIP 34238 is more affordable than Sarasota overall. At $2,047/mo, it's $245 below the Sarasota citywide median of $2,292/mo.

When was rent data for ZIP 34238 last updated?

Rent data for ZIP 34238 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $2,047/mo, rent takes ~25% of ZIP 34238's median household income ($97,926/yr). The standard benchmark is 30%.

ZIP 34238 25%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 34238 (Sarasota, FL)

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