Location: North Port-Bradenton-Sarasota, FL | Metro: North Port-Bradenton-Sarasota, FL MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,930 |
| 1 Bedroom | $2,070 |
| 2 Bedrooms | $2,410 |
| 3 Bedrooms | $3,060 |
| 4 Bedrooms | $3,640 |
| 5 Bedrooms | $4,222 |
| 6 Bedrooms | $4,729 |
| 7 Bedrooms | $5,107 |
| 8 Bedrooms | $5,362 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,070 | $119,516 | 1.73% | A+ |
| 2BR | $2,410 | $259,170 | 0.93% | C |
| 3BR | $3,060 | $387,554 | 0.79% | D |
| 4BR | $3,640 | $483,105 | 0.75% | D |
| 5BR | $4,222 | $586,222 | 0.72% | D |
U.S. Census Bureau data (2024)
The ZIP code 34232 in Sarasota, FL, offers a moderate yield for real estate investors. The Fair Market Rent (FMR) for 2024 is set at $1,940, while the market rent is slightly higher at $2,185. Considering the median home value of $355,848, these rental rates provide a decent return. However, the yield is not exceptionally high, suggesting that it's not purely a high-yield/low-stability flip-style market.
Stability in this area is relatively good, with a significant portion of residents being renters—approximately 32.1% of the population. This percentage indicates a stable demand for rental properties. Additionally, the days on market (DOM) average is 29 days, which is quite reasonable and suggests that properties are sold quickly, indicating a healthy local economy and demand for housing.
The median household income of $80,795 further supports the notion of stability. This figure implies that tenants have sufficient income to maintain consistent rental payments, reducing the risk of defaults or delinquencies.
Given these metrics, ZIP 34232 falls into the category of a steady-cashflow zone. The combination of reasonable rental yields and a stable tenant base makes it an attractive option for landlords and small-portfolio investors seeking reliable returns without excessive risk.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.