34232, Sarasota, FL

The 34232 zip code of Sarasota, FL is a popular area to live in because of its many amenities and the low cost of living. Home prices in this area have increased significantly over the past few years, making it a desirable place to buy or invest in a home.

According to Zillow, the median home value in Sarasota was $269,900 as of September 2017. This is an increase of over 20% from the median home value of $222,500 recorded in September 2016. The average price per square foot for homes sold within the 34232 zip code during this time period was $157. This indicates that there has been a significant increase in demand for properties within this area.

One reason why home prices have increased so much in Sarasota is because of the low interest rates currently available on mortgages. According to mortgage company LendingTree, the average interest rate for a 30-year fixed-rate mortgage within Sarasota was 3.92% as of September 2017. This is well below the national average interest rate (4.41%) and makes it an attractive place to buy a home if you are looking for affordable financing options.

Another factor contributing to the high demand for homes within 34232 zip code is that there are many amenities available nearby, including several major shopping malls and restaurants. Additionally, this area is close to both Interstate 75 and Florida's Turnpike, which make it easy to get around town and access major transportation hubs.