34238, Sarasota, FL

The 34238 zip code of Sarasota, FL has a median home value of $225,000 and a median home equity value of $141,000. The 34238 zip code is one of the most expensive zip codes in Florida. Home prices in the 34238 zip code have increased significantly over the past few years. In March of 2016, the median home value was $215,000 and the median home equity value was $137,000. By September of 2017, the median home value had increased to $225,000 and the median home equity value had increased to $141,000.

There are several reasons why home prices have increased in the 34238 zip code over the past few years. One reason is that there are a lot of affluent residents living in this area. Another reason is that there has been an increase in demand for homes in this area due to an influx of new residents and businesses moving into Sarasota County. Finally, there has been an increase in mortgage rates over the past few years which has made purchasing a home more expensive for borrowers.

Despite all these factors contributing to increasing home prices in the 34238 zip code over recent years, it's important to keep in mind that not everyone can afford to purchase a house at current prices. There are many people who are struggling to make their mortgage payments even though their homes values have increased significantly since 2013. This is especially true for people who were not able to buy during or after the housing market crash of 2008-2009 because they didn't have enough money saved up or they were unable to get approved for a loan at that time due to poor credit ratings or high debt levels.