Similar to its surrounding areas, it is a little more expensive compared to the entire country. Compared to the city of Tampa, it is close to average.
Home prices
The cost of the median home in Lake Sarasota is $234,100. This is approximately $8,900 (3%) lower compared to nearby areas.It is about $16,600 (7%) higher in comparison to the entire country, and it is approximately $4,800 (2%) lower compared to the city of Tampa.
Rents
The median monthly rent in Lake Sarasota is $1,592. This is roughly $208 (15%) higher in comparison to its surrounding areas.Compared to the rest of the nation it is about $530 (49%) higher, and compared to the city of Tampa is roughly $461 (40%) higher.
Nearby places
Bee Ridge
Bee Ridge is roughly 2 miles west of Lake Sarasota. Its real estate prices are similar. Bee Ridge's median home price is $245,600, which comes out to $11,500 (4%) higher than Lake Sarasota. Rents there are somewhat less expensive. The median rent in Bee Ridge is $1,394 per month, which is $198 (14%) lower than Lake Sarasota.
Sarasota Springs
Sarasota Springs is approximately 2 miles northwest of Lake Sarasota. The housing prices there are somewhat less expensive. Sarasota Springs's median home price is $207,300, which is $26,800 (12%) lower than Lake Sarasota. Its rents are a little less expensive. In Sarasota Springs the median rent is $1,396 a month, which works out to $196 (14%) lower than Lake Sarasota.
South Gate Ridge
South Gate Ridge is approximately 3 miles west of Lake Sarasota. Its housing prices are a little more expensive. The value of the median home in South Gate Ridge is $247,200, which comes out to $13,100 (5%) higher than Lake Sarasota. Rents there are a little less expensive. The median rent in South Gate Ridge is $1,232 per month, which comes out to $360 (29%) lower than Lake Sarasota.
Fruitville
Fruitville is approximately 3 miles northwest from Lake Sarasota. The real estate prices there are a little more expensive. The median home value in Fruitville is $258,700, which is $24,600 (9%) higher than Lake Sarasota. Rent there is somewhat less expensive. The median monthly rent in Fruitville is $1,501, which is $91 (6%) lower than Lake Sarasota.
Southgate
Southgate is roughly 4 miles west of Lake Sarasota. The housing prices there are a bit more expensive. The price of the median home in Southgate is $256,200, which works out to $22,100 (8%) higher than Lake Sarasota. The rent there is a bit less expensive. Southgate's median monthly rent is $1,396, which works out to $196 (14%) lower than Lake Sarasota.
