ZIP 34242 vs ZIP 34240

34242 is one of 24 ZIP codes that lie mostly in Sarasota County, FL.

Shaded by typical home value, it ranks 3 of the 24 with a value.

34240 is one of 24 ZIP codes that lie mostly in Sarasota County, FL.

Shaded by typical home value, it ranks 4 of the 24 with a value.

1 school location in 34240: 1 elementary.

In alphabetical order: TATUM RIDGE ELEMENTARY SCHOOL. Locations only — no ratings are shown here.

In January 2000 the typical home in 34242 was worth $303,465.

Values peaked at $1,023,338 in August 2022. The latest reading is −18.0% from that peak.

As of August 2026: $839,337, −2.3% over twelve months.

Start with the typical home: $839,337. Put 20% down and borrow $671,470 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $4,649 a month in principal and interest.

The median household here earns $122,143 a year, $10,179 a month. So the payment takes 45.7% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 16.5% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $1,817.

In December 2020, with rates at 2.68%, it was $2,162.

By August 2026, at 6.67%, it was $4,318 — +100% since December 2020, while the home's value moved +26%.

Reported values rose +177% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $598,919. So the real change is +40%, not +177%.

34242: +177% since January 2000.

Sarasota County: +195% since January 2000.

Florida: +245% since January 2000 — 34242 ran behind it by 68 points.

Owning the typical home costs about $5,488 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $5,727 a month.

Price divided by a year's rent: 12.2. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 34240 was worth $220,009.

Values peaked at $820,987 in August 2022. The latest reading is −9.4% from that peak.

As of August 2026: $744,115, −2.3% over twelve months.

Start with the typical home: $744,115. Put 20% down and borrow $595,292 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $4,122 a month in principal and interest.

The median household here earns $126,048 a year, $10,504 a month. So the payment takes 39.2% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 11.6% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $1,317.

In December 2020, with rates at 2.68%, it was $1,632.

By August 2026, at 6.67%, it was $3,828 — +135% since December 2020, while the home's value moved +48%.

Reported values rose +238% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $434,210. So the real change is +71%, not +238%.

34240: +238% since January 2000.

Sarasota County: +195% since January 2000.

Florida: +245% since January 2000 — 34240 ran behind it by 7 points.

Owning the typical home costs about $4,866 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,239 a month.

Price divided by a year's rent: 27.7. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 46 a month (Redfin, 3-month rolling data through August 2026). That is 106% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 290. That is 104% of the 2015–2019 level for the same months.

Going out — closed sales: about 41 a month. That is 84% of the 2015–2019 level for the same months. The drain is drawn 19% narrower: the share of homes for sale that sell each month is 81% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 7.1 months of supply — above the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 5 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 41 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 37 — so sales ran at 111% of it, and below it in 20 of the last 24 months.

Across Sarasota County, builders pulled permits for 6,627 new homes in 2025.

Of those, 65% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 65 a month (Redfin, 3-month rolling data through August 2026). That is 196% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 181. That is 121% of the 2015–2019 level for the same months.

Going out — closed sales: about 58 a month. That is 175% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 3.1 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 7 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 58 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 25 — so sales ran at 232% of it, and below it in 0 of the last 24 months.

Across Sarasota County, builders pulled permits for 6,627 new homes in 2025.

Of those, 65% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Sarasota County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 6,042 moved in. Among the ten receiving the most, 6,574 moved out.

Net across those counties: −532 households. Beside it, homes for sale in this ZIP: 290 in June 2026.

Most arrivals came from Manatee, FL (2,429 households); most departures went to Manatee, FL (3,150).

This ZIP sits in Sarasota County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 6,042 moved in. Among the ten receiving the most, 6,574 moved out.

Net across those counties: −532 households. Beside it, homes for sale in this ZIP: 181 in June 2026.

Most arrivals came from Manatee, FL (2,429 households); most departures went to Manatee, FL (3,150).