The residents of Sarasota enjoy an affordable cost of living, excellent schools, a plethora of outdoor activities, fair weather, and world-class entertainment options. The city also has a very diverse community as well as lucrative job and housing opportunities. All these and more make Sarasota an ideal place to live or visit.
There are about 24,416 homes and apartments in Sarasota, with 44.3% of the market made up of single-family homes, 38% made up of apartment complexes, and 6.5% made up of small apartment buildings. There is a mix of new and old properties in the city, with 44.3% built between 1970-1999, 34.8% built between 1940-1969, 14.8% built in 2000 or later, and 6.1% built in 1939 or earlier.
The median household income in Sarasota is $47,884. The city boasts a diverse community, with residents aged 65 or older making up 27% of the population. The age brackets 55-64 and 25-34 each make up 14% of the population, the 45-54 bracket makes up 12%, and the 35-44 bracket makes up 9%.
Many properties in Sarasota belong to homeowners associations. These communities benefit homeowners in several ways. Firstly, HOAs provide its members access to various amenities, such as pools, fitness centers, and clubhouses. Secondly, HOAs offer inclusive services like trash collection and landscaping. Finally, HOAs are led by board members who enforce rules and make decisions in the community’s best interest. All this and more contribute to the appeal of the neighborhood and, thus, cause property values to rise.
Managing an entire association is often easier said than done, though. Board members must fulfill a plethora of responsibilities, and they usually lack the time or expertise to accomplish them successfully. This is why a vast majority of associations turn to Sarasota HOA management companies for help.
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