Real Estate Investing in North Port, Florida (34289)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34289 (North Port, FL)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.9% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
- 1-year downturn: Values declined 5.6% in the last year.
What’s happening in North Port, FL (34289)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34289 North Port
ZIP 34289 inside Sarasota County looks affordable on the surface — median value of $330K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 34289 can be a a strong candidate for hunting ground — but the discount at $330K reflects genuine risk that outside investors often underestimate.
Within FL, ZIP 34289 trails on several market indicators that neighboring Sarasota County submarkets outperform. The gap is real and solid enough to shape underwriting.
Demographically, 34289 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 34289 is an operator game, not a passive one. Put differently, entry prices of $330K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in North Port:
Property Strategy for 34289
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $309,122 | $2,060 | 4.8% | +5.4% | $154,561 |
| 3BR | $338,265 | $2,670 | 5.7% | +5.2% | $112,755 |
| 4BR | $414,967 | $3,180 | 5.5% | +5.0% | $103,742 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34289 Compare?
| Metric | 34289 | North Port | North Port-Sarasota-Bradenton, FL | Florida |
|---|---|---|---|---|
| Home Value | $329,598 | $306,253 | N/A | $374,697 |
| 5-Year CAGR | 1.0% | 1.7% | N/A | 7.4% |
| Avg Rent | $2,000 | $1,964 | N/A | - |
| Cap Rate | 4.7% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34289 (North Port, 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 | $329,598 |
| Monthly Rent | $2,000 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -5.6% ▼ |
| 3-Year CAGR | -7.4% ▼ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 34289
Population: 4,362
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
🎓 Schools in 34289
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
CRANBERRY ELEMENTARY SCHOOL
TOLEDO BLADE ELEMENTARY SCHOOL
ATWATER ELEMENTARY
LAMARQUE ELEMENTARY SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are eviction rules reasonable in North Port, FL?
Rental owners in North Port, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are renters plentiful in North Port, FL?
Expect a solid tenant pool in North Port, FL. The rental market absorbs $2,000/mo rents without meaningful friction.
Does house hacking work in North Port, FL?
The a challenging house-hack environment in North Port, FL reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What monthly rent should investors expect in North Port, FL?
Rents in North Port, FL run near $2,000/mo. Compared with median home prices of $330K that produces solid gross yields for typical rentals.
Where do home prices stand in North Port, FL?
Expect median prices around $330K in North Port, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
You know 34289 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 34289 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 34289 ranks in North Port-Sarasota-Bradenton, FL
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