Real Estate Investing in Longboat Key, Florida (34228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34228 (Longboat Key, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 57.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.7% in the last year.
What’s happening in Longboat Key, FL (34228)?
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Market Analysis: 34228 Longboat Key
Predictable is the word. ZIP 34228 reflects $957K median values, $10,250/mo rent, and a 0.0% trajectory that has not surprised anyone in a while.
For core-plus portfolios, 34228 is the kind of ZIP that fills out the weighted average. significant on the fundamentals, light on the surprises.
ZIP 34228's relationship to the Longboat Key and Sarasota County medians is close enough that it can stand in for regional assumptions without much adjustment.
The resident base in 34228 has held steady over the past decade. A population of 7,512, a renter share near 6%, and a household-income profile tracking the county median all suggest a an appealing option for demographic foundation.
The investor who does best in 34228 is the one who underwrote it honestly at the start — 0.0% yield, 0.0% growth, $10,250/mo rent — and then stuck to the plan.
Here's what matters if you're considering buying a home in Longboat Key:
Property Strategy for 34228
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $407,681 | $2,530 | 4.5% | +5.0% | $407,681 |
| 2BR | $713,548 | $2,940 | 3.0% | +6.7% | $356,774 |
| 3BR | $1,603,396 | $3,810 | 1.7% | +9.8% | $534,465 |
| 4BR | $2,906,714 | $4,540 | 1.1% | +11.7% | $726,678 |
| 5BR | $5,029,329 | — | — | +11.7% | $1,005,866 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34228 Compare?
| Metric | 34228 | Longboat Key | North Port-Sarasota-Bradenton, FL | Florida |
|---|---|---|---|---|
| Home Value | $956,620 | $956,620 | N/A | $374,697 |
| 5-Year CAGR | 2.5% | 2.5% | N/A | 7.4% |
| Avg Rent | $10,250 | $10,250 | N/A | - |
| Cap Rate | 8.4% | 8.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34228 (Longboat Key, FL). Anonymous, moderated, never written by AI.
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Property managers serving Sarasota County
Manage rentals here? List your business →All County Pros is a full-service residential property management company in Sarasota, FL, serving Sarasota and Bradenton, focused on maximizing rental property revenue. summary from their website
Gulf Coast Property Management serves investors in Manatee & Sarasota counties, offering annual, vacation, and association management, as well as home watch services. summary from their website
Paradise Palms Property Management offers residential, multi-family, commercial, and vacation rental management services in Lakewood Ranch, FL. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $956,620 |
| Monthly Rent | $10,250 |
| Price-to-Rent | 7.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.9% |
| Cap Rate | 8.4% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | -4.7% ▼ |
| 3-Year CAGR | -5.9% ▼ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.4%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 34228
Population: 7,512
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 3,712 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is house hacking profitable in Longboat Key, FL?
Longboat Key, FL is a a workable market for house hackers. FHA or conventional owner-occupant buyers find the $957K price point reasonable to enter.
Is Longboat Key, FL a good place for real estate investing?
Investors tracking Longboat Key, FL will find a 5.0/5 rating supported by $957K median home values and $10,250/mo rents. That profile suits long-term holders targeting consistent returns.
How do experienced investors play Longboat Key, FL?
A steady buy-and-hold investing strategy Longboat Key, FL best. The market produces measured results for that approach at the $957K price point.
How much is rent in Longboat Key, FL?
Expect rents around $10,250/mo per month in Longboat Key, FL. With home values at $957K, the yield math works out to reasonable levels for rental investors.
How much does a house cost in Longboat Key, FL?
Expect median prices around $957K in Longboat Key, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 34228 now. You don’t know where it ranks.
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How 34228 ranks in North Port-Sarasota-Bradenton, FL
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