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Sarasota, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,216
Monthly Cash Flow
-$243
Principal + Equity
$2,374
Annual Total Gain
$25,573
Cash on Cash
-2.83%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$269
Occupancy Rate
75%
Monthly Revenue
$3,764
Monthly Cash Flow
$740
Principal + Equity
$2,374
Annual Total Gain
$37,368
Cash on Cash %
8.63%
Net ROI %
Market Health & Growth
Median Income
$70,065
Population
56,218
LTR Renter %
44.3%
Forecast (1 yr)
-0.35%
Appreciation (1 yr)
-9.63%
Appreciation (5 yr)
42.6%
Appreciation (10 yr)
79.13%
Job Growth
1.03%
LTR Rentability
High
STR Demand
80
STR Rentals
7,748
Top Public Schools
APine View School
A-Riverview High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Places to Retire in Florida
#92out of 660 markets
Best Places for Young Professionals in Florida
#182out of 1195 markets
Places with the Best Public Schools in Florida
#126out of 660 markets
B
Public School
C-
Crime And Safety
C-
Housing
A
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Sarasota, FL.
In Sarasota, FL, Short Term Rental (STR) regulations are governed by the city's zoning codes and ordinances. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Zoning Restrictions: Sarasota has specific zoning regulations that dictate where short term rentals are allowed. Investors should ensure that the property they are considering is located in a zone that permits short term rentals.
2. Licensing and Permits: In order to operate a short term rental in Sarasota, investors must obtain the necessary licenses and permits from the city. This may include a business tax receipt and a vacation rental certificate.
3. Occupancy Limits: Sarasota has occupancy limits for short term rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure they are in compliance.
4. Noise and Nuisance Regulations: Sarasota has noise and nuisance regulations that apply to short term rentals. Investors should be mindful of these regulations and ensure that their guests adhere to them.
5. Taxes: Investors should be aware of the tax implications of operating a short term rental in Sarasota. This may include occupancy taxes, sales taxes, and tourist development taxes.
6. Homeowner's Association Rules: If the property is located in a community with a homeowner's association (HOA), investors should review the HOA rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on short term rentals.
7. Code Compliance: Investors should ensure that their property meets all building and safety codes required for short term rentals in Sarasota. This may include fire safety regulations, health and sanitation standards, and accessibility requirements.
By being aware of and complying with these regulations, investors can ensure a smooth and successful investment in the Sarasota short term rental market. It is recommended to consult with a real estate attorney or local property management company for guidance on navigating these regulations.
Market Trends Over Time
Explore 25 years of market data for Sarasota, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Sarasota, FL.
The LTR Genie Score of Sarasota, FL is 65, indicating a moderate level of attractiveness for long-term rental investment. The high LTR Rentability and positive LTR Net ROI of 24.86% contribute to this score. On the other hand, the STR Genie Score of 85 suggests a high level of attractiveness for short-term rental investment, with a strong STR Net ROI of 36.33% and high STR Occupancy rate of 75.0.
Sarasota, FL is a popular tourist destination known for its beautiful beaches, cultural attractions, and vibrant arts scene. The city attracts visitors year-round, making it a potentially lucrative market for short-term rental investments.
Given the high STR Genie Score and the positive metrics for short-term rentals in Sarasota, FL, real estate investors may find it more attractive to invest in short-term rental properties in this market. However, long-term rental investments could also be viable with the moderate LTR Genie Score and positive metrics for long-term rentals. Ultimately, investors should consider their investment goals and risk tolerance when deciding between long-term and short-term rental investments in Sarasota, FL.
