34235, Sarasota, FL

When it comes to home equity, Sarasota residents have a lot to be thankful for. The city ranks as the fifth most affordable market in the nation when it comes to purchasing a home with a down payment of less than 20%. Additionally, Sarasota homes are also some of the most affordable in Florida. In fact, the median home value in Sarasota is just over $200,000 - which is about $50,000 less than the statewide median home value.

Despite these affordability advantages, there has been an uptick in home prices in recent years. In fact, since 2013 Sarasota has seen its median home price increase by almost 25%. This increase can likely be attributed to several factors: increasing demand from both local and out-of-state buyers; limited supply of available homes; and strong economic growth rates within the city.

Overall, homeownership remains a key driver of stability and prosperity within Sarasota. Therefore, if you're looking for an area where you can afford to buy a house without having to sacrifice too much money on your monthly mortgage payments, then this may be the right place for you!