Home Values

Lake Sarasota Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$188,800

  • 11.4% 1-year change
  • 0.8% 1-year forecast

The median home value in Lake Sarasota is $188,800. Lake Sarasota home values have gone up 11.4% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Lake Sarasota is None. The median rent price in Lake Sarasota is $1,295, which is lower than the Sarasota Metro median of $1,800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lake Sarasota is 14.1%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lake Sarasota homeowners underwater on their mortgage is 9.5%, which is lower than Sarasota Metro at 14.6%.

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Relative ZHVI
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Lake Sarasota Market Overview

Data through Apr 30, 2015
  • $188,800 ZHVI
  • 0.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Lake Sarasota Market Health

Data through Apr 30, 2015
  • 2.9/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 9.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 14.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Osprey $378,400
Nokomis $256,900
Fruitville $194,200
Name Median ZHVI
Bee Ridge $186,100
Southgate $185,800
Sarasota $166,100
Name Median ZHVI
South Gate Ridge $152,000
Gulf Gate Estates $151,500
Sarasota Springs $141,200

Listings & Sales

  • No data
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Lake Sarasota Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,710 Lake Sarasota
    $1,936 Sarasota Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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