HousingHandbookReference data

U.S. ZIP Code · FL34240

Sarasota County · North Port-Bradenton-Sarasota, FL

Typical home value

$751,575[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-6.0%
5-year / yr
+6.5%
10-year / yr
+6.0%

Relative price

vs U.S.
+164.6%
vs metro
+93.7%
vs state
+116.7%
ZIP 34240 location in FL
Location of ZIP 34240 in FL

Price history

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

The typical home in 34240 is worth $751,575 — 93.7% above the North Port-Bradenton-Sarasota, FL median. Over the past year, values have fallen 6.0%. Homes here rent for a typical $2,298 a month — a 3.7% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
$2,298[2]
Gross yield
3.7%[2]
Cap rate
2.2%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$4,780[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
18,774[3]
Median household income
$130,148[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
1
Elementary
1
Middle
0
High
0
  • TATUM RIDGE ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · SARASOTA

    833 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.

Gross yield3.7%
Net yield (after ~40% expenses)2.2%
Annual rent$27,578

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.

Monthly payment$3,800
Loan principal$601,260
Down payment$150,315
Total interest paid$766,874

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.

Own : rent ratio2.10
Monthly cost to own$4,828
Monthly rent$2,298

Renting is meaningfully cheaper month-to-month.

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
98th percentile[1]
Rental yield
3rd percentile[2]
Property tax
17th percentile[3]

Frequently asked

How much is a home worth in ZIP code 34240?
The typical home in 34240 is worth $751,575, based on the Zillow Home Value Index.
Are home values rising in 34240?
Home values in 34240 are down 6.0% over the past year, and up 6.5% a year over five years.
What is the typical rent in 34240?
A typical home in 34240 rents for about $2,298 a month, a gross rental yield of 3.7%.
What is the property tax rate in 34240?
The effective property tax rate in 34240 is 0.6% — roughly $4,780 a year on a typical home.
Who lives in 34240?
ZIP code 34240 has a population of 18,774 and a median household income of $130,148.

#Comparable ZIPs

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

  • Cortez CDP, FL

    Typical home
    $753,662
    Gross yield
  • FL

    Typical home
    $748,648
    Gross yield
  • Siesta Key CDP, FL

    Typical home
    $835,714
    Gross yield
  • Lakewood Ranch CDP, FL

    Typical home
    $663,118
    Gross yield
    4.0%
  • Osprey CDP, FL

    Typical home
    $661,933
    Gross yield
    5.2%
  • Old Miakka CDP, FL

    Typical home
    $654,193
    Gross yield

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