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ZIP Code · FL

ZIP 34242

Pop. 7,529·Sarasota County·4th most expensive ZIP in Florida
Median rent (all units)
$7,052/mo
Year-over-Year
Stable
Month-over-Month
-3.3%
vs US Median
+$5,101
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 34242 · $7,052
More expensive than 100% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$2,000
1 BR
$2,380
2 BR
$2,760
3 BR
$3,580
4 BR+
$4,270
Research median
$2,760/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
$84,624/yr
At $7,052/mo median
Location
StateFL
CountySarasota County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.3% MoM), not inventory.
Demographics

Who lives here

ZIP 34242 (Siesta Key, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 67.8% of residents hold a bachelor's degree or higher.

Population
7,529
Median income
$115,967
Median age
65.5
Renters
9.6%
Age distribution
24.6%
51.4%
Under 187.9%
18–344.3%
35–5411.9%
55–6424.6%
65+51.4%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
92.7%
White92.7%
Hispanic3.4%
Asian2.1%
Other1.7%
Education (25+)
12.2%
17.4%
67.8%
No HS diploma2.6%
HS diploma12.2%
Some college17.4%
Bachelor's+67.8%
Housing tenure
90.4%
Owner90.4%
Renter9.6%

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

2021 vs 2026

How ZIP 34242 in Siesta Key, FL has changed in 5 years

Income
$116,033 → $115,967
down 0.1%
Population
7,387 → 7,529
up 1.9%
Renter share
12.9% → 9.6%
-3.3 pts
Bachelor's+
64.1% → 67.8%
+3.7 pts
Median age
66.8 → 65.5
-1.3 yrs

On the earnings side, the typical household in ZIP 34242 in Siesta Key, FL now reports about $115,967, up from $116,033 in 2021. Census counts show ZIP 34242 in Siesta Key, FL adding about 142 residents over the five-year window, up 1.9% on net. The renter share has eased from 12.9% to 9.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 64.1% to 67.8% across the same window.

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Local insights

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About renting in ZIP 34242

Last updated: June 22, 2026

ZIP code 34242 covers Siesta Key, FL. The median rent here is $7,052/mo as of June 2026. A 1-bedroom rents for a median of $2,380/mo. A 2-bedroom rents for a median of $2,760/mo.

At 73% of local median household income ($115,967/yr), ZIP 34242 ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 34242?

As of June 22, 2026, the median monthly rent in ZIP 34242 (Siesta Key, FL) is $7,052. This is based on aggregated data from public sources and community submissions.

How does ZIP 34242 rent compare to the US average?

ZIP 34242's median rent of $7,052/mo is $5,101 (261%) above the US national median of $1,951/mo.

How does ZIP 34242 compare to other ZIPs in Florida?

ZIP 34242 is one of the pricier ZIP codes in Florida, ranking #4 out of 669 ZIPs tracked at $7,052/mo.

How much income do you need to rent in ZIP 34242?

To keep rent at or below 30% of gross income, you would need to earn at least $282,000/year (~$136/hour full-time) to afford the median rent of $7,052/mo in ZIP 34242. The local median household income is $115,967/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 34242?

Rent in ZIP 34242 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 34242 an affordable place to rent?

ZIP 34242 is considered expensive for renters. At $7,052/mo, rent takes approximately 73% of the local median household income ($115,967/yr). The standard benchmark is 30%. ZIP 34242 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 34242 residents rent vs. own?

According to Census data, approximately 9.6% of ZIP 34242 households are renters, while 90.4% are owner-occupied. ZIP 34242 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 34242 compare to the rest of Siesta Key?

ZIP 34242 is more affordable than Siesta Key overall. At $7,052/mo, it's $111 below the Siesta Key citywide median of $7,163/mo.

When was rent data for ZIP 34242 last updated?

Rent data for ZIP 34242 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
73%
EXPENSIVE

At $7,052/mo, rent takes ~73% of ZIP 34242's median household income ($115,967/yr). The standard benchmark is 30%.

ZIP 34242 73%Benchmark 30%
State income taxNone
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