Total monthly cost of ownership
Cost to Own a Home in South Sarasota, Florida
A $629,000 home here costs
$4,886per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $209,500 a year.
A standard mortgage calculator would have told you $3,429. The real number is $1,457 higher every month, 42% more than the payment most buyers budget for.
Compare Sarasota County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for South Sarasota from a five-year rolling sample, and with about 4,905 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Sarasota County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
South Sarasota against Sarasota County and Florida
| Measure | South Sarasota | Sarasota County |
|---|---|---|
| Median home value | $629,400 | $373,100 |
| Median property tax | $3,835 | $2,826 |
| Effective tax rate | 0.609% | 0.757% |
| Median gross rent | $1,776 | $1,715 |
| Population | 4,905 | 449,011 |
The weather behind that power bill
South Sarasota sits in Sarasota County, which averages a high of 92.5°F in its hottest month and a low of 50.0°F in its coldest, with 61.07" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 3,581 cooling and 417 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Sarasota County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sarasota County
Full Sarasota County cost breakdown · Every county in Florida
Talk to someone who works this market
These are South Sarasota averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works South Sarasota every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Sarasota I already own here and may sell
Common questions
How much does it cost to own a home in South Sarasota?
A $629,000 home in South Sarasota, Florida costs approximately $4,886 per month with 20% down at 7.24%. That is $3,429 principal and interest, $319 property tax, $380 homeowners insurance, $233 utilities and $524 set aside for maintenance.
What is the property tax rate in South Sarasota?
South Sarasota has an effective property tax rate of 0.609%, based on a median home value of $629,400 and median real estate taxes of $3,835. That is lower than the Sarasota County average of 0.757%.
What is the average home price in South Sarasota?
The median owner-occupied home value in South Sarasota, Florida is $629,400, against $373,100 across Sarasota County.
Is it cheaper to rent or buy in South Sarasota?
Median gross rent in South Sarasota is $1,776 a month, against $4,886 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in South Sarasota?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Sarasota, Florida at today's rate takes a household income of roughly $209,500 a year. That covers the full $4,886 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Sarasota, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Florida.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.