How much is a home worth in ZIP code 34231?

The typical home in 34231 is worth $364,925, based on the Zillow Home Value Index.

Are home values rising in 34231?

Home values in 34231 are down 7.6% over the past year, and up 3.8% a year over five years.

What is the typical rent in 34231?

A typical home in 34231 rents for about $2,248 a month, a gross rental yield of 7.4%.

What is the property tax rate in 34231?

The effective property tax rate in 34231 is 0.7% — roughly $2,388 a year on a typical home.

ZIP code 34231 has a population of 32,404 and a median household income of $69,925.

HousingHandbookReference data

…

U.S. ZIP Code · FL34231

Sarasota County · North Port-Bradenton-Sarasota, FL

Typical home value

$364,925^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -7.6%
5-year / yr: +3.8%
10-year / yr: +5.2%

Relative price

vs U.S.: +28.5%
vs metro: -5.9%
vs state: +5.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 34231 is worth $364,925 — 5.9% below the North Port-Bradenton-Sarasota, FL median. Over the past year, values have fallen 7.6%. Homes here rent for a typical $2,248 a month — a 7.4% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,248^[2]
Gross yield: 7.4%^[2]
Cap rate: 4.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,388^[3]

#Climate risk

FEMA National Risk Index ratings for Sarasota County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively High
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very High
Tornado: Relatively High
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 32,404^[3]
Median household income: $69,925^[3]

#Migration

Household moves in and out of Sarasota County over a year, from IRS tax-return data.

Net migration: +1,777^[5]
Moved in: 18,179
Moved out: 16,402

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 3
Middle: 0
High: 1

RIVERVIEW HIGH SCHOOL
High · Grades 9–12 · SARASOTA
2,681 students
PHILLIPPI SHORES ELEMENTARY SCHOOL
Elementary · Grades PK–5 · SARASOTA
709 students
GULF GATE ELEMENTARY SCHOOL
Elementary · Grades PK–5 · SARASOTA
624 students
WILKINSON ELEMENTARY SCHOOL
Elementary · Grades PK–5 · SARASOTA
436 students
SARASOTA VIRTUAL INSTRUCTION PROGRAM
Other · Grades K–12 · SARASOTA
89 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.4%

Net yield (after ~40% expenses)4.4%

Annual rent$26,974

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,845

Loan principal$291,940

Down payment$72,985

Total interest paid$372,354

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.04

Monthly cost to own$2,347

Monthly rent$2,248

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 36th percentile^[1]
Rental yield: 59th percentile^[2]
Property tax: 24th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 34231?: The typical home in 34231 is worth $364,925, based on the Zillow Home Value Index.
Are home values rising in 34231?: Home values in 34231 are down 7.6% over the past year, and up 3.8% a year over five years.
What is the typical rent in 34231?: A typical home in 34231 rents for about $2,248 a month, a gross rental yield of 7.4%.
What is the property tax rate in 34231?: The effective property tax rate in 34231 is 0.7% — roughly $2,388 a year on a typical home.
Who lives in 34231?: ZIP code 34231 has a population of 32,404 and a median household income of $69,925.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

34233 vs 34231 →
Bee Ridge CDP, FL
Typical home
$364,356
Gross yield
7.8%
34293 vs 34231 →
North Port, FL
Typical home
$367,392
Gross yield
8.3%
34203
West Samoset CDP, FL
Typical home
$369,609
Gross yield
8.4%
34232
Fruitville CDP, FL
Typical home
$359,396
Gross yield
7.4%
34222
Ellenton CDP, FL
Typical home
$374,034
Gross yield
6.6%
34223
Englewood CDP, FL
Typical home
$374,463
Gross yield
6.1%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 34231 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL34231

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