ZIP Code · FL

ZIP 34242

Part of Siesta Key, FL

Pop. 7,529·Sarasota County·7th most expensive ZIP in Florida

Median rent (all units)

$6,661/mo

Year-over-Year

Stable

Month-over-Month

+11.2%

vs US Median

+$4,729

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34242 · $6,661

More expensive than 100% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($115,967) is $2,899 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,760); a 3-bedroom is $3,580.

Cheaper nearby

ZIP 34231, 2 miles away, rents for 68% less ($2,129/mo), about $54,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34242. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$79,932/yr

At $6,661/mo median

Location

CitySiesta Key

StateFL

CountySarasota County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +11.2% 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.

Community

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About renting in ZIP 34242

Last updated: October 17, 2026

ZIP code 34242 covers Siesta Key, FL. The median rent here is $6,661/mo as of October 2026. A 1-bedroom rents for a median of $2,380/mo. A 2-bedroom rents for a median of $2,760/mo.

At 69% 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 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 $266,000/year (about $128/hour full-time) to afford the median rent of $6,661/mo in ZIP 34242. The local median household income is $115,967/yr, so the typical household falls short of that bar.