In South Gate Ridge, a typical home is worth $444,800 and typical rent is $1,612 a month. Compared with all of Sarasota County, typical household income is 16% lower, typical rent is 11% lower, and the share of households that own their home is 11 points lower.
South Gate Ridge is in Sarasota County. The FHA loan limit ($547,400 for a one-unit home), the fair market rents and the help on this page are those of all of Sarasota County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Sarasota Springs, the typical home value is $349,100: 22% less than in South Gate Ridge ($444,800).
2
66% of households in South Gate Ridge own their home, against 77% in Sarasota County.
3
The typical household income in South Gate Ridge is $70,469,16% less than in Sarasota County as a whole ($83,416).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in South Gate Ridge
What homes there are in South Gate Ridge, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
South Gate Ridge
Sarasota County
Florida
United States
Kind of home: South Gate Ridge and its comparisons
Measure
South Gate Ridge
Sarasota County
Florida
United States
Detached house
63%
58%
55%
61%
Attached house
Unreliable estimate
10%
7%
6%
Building of 2 to 4
Unreliable estimate
4%
6%
8%
Apartments (5 or more)
Unreliable estimate
20%
25%
19%
Mobile home
Unreliable estimate
8%
8%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
The detached house rules in South Gate Ridge: 63% of homes, more than in Sarasota County (58%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
South Gate Ridge
Sarasota County
Florida
United States
Year built: South Gate Ridge and its comparisons
Measure
South Gate Ridge
Sarasota County
Florida
United States
Before 1960
Unreliable estimate
8%
10%
26%
1960–1979
41%
28%
24%
24%
1980–1999
36%
32%
34%
25%
2000–2009
Unreliable estimate
18%
18%
14%
2010 or later
Unreliable estimate
15%
14%
11%
The typical home in South Gate Ridge was built in 1980, 8 years before the typical one in Sarasota County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K45%
$500K–$750K34%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: South Gate Ridge and its comparisons
Measure
South Gate Ridge
Under $100K
Unreliable
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
45%
$500K–$750K
34%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,99930%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: South Gate Ridge and its comparisons
Measure
South Gate Ridge
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
30%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,195 a month
Sarasota County: $1,976 a month
Without a mortgage
$845 a month
Sarasota County: $783 a month
Owners with a mortgage
50%
Sarasota County: 48%
In South Gate Ridge, 50% of owners have a mortgage, and their typical cost is $2,195 a month, against $1,976 in Sarasota County. Without one it drops to $845.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
South Gate Ridge+80%
Sarasota County+64%
Florida+67%
United States+53%
Typical rent
South Gate Ridge+31%
Sarasota County+42%
Florida+42%
United States+33%
Typical household income
South Gate RidgeNo clear change
Sarasota County+34%
Florida+34%
United States+29%
Change since 2015–2019: South Gate Ridge and its comparisons
Measure
South Gate Ridge
Sarasota County
Florida
United States
Typical home value
+80%
+64%
+67%
+53%
Typical rent
+31%
+42%
+42%
+33%
Typical household income
No clear change
+34%
+34%
+29%
The typical home value in South Gate Ridge rose 80% since 2015–2019, more than in Sarasota County (64%).
Rents in South Gate Ridge rose more slowly than in Sarasota County: 31% since 2015–2019, against 42%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: South Gate Ridge and its comparisons
Measure
South Gate Ridge
Sarasota County
Florida
United States
Rental vacancy
Unreliable estimate
6.1%
7.6%
5.5%
Homeowner vacancy
Unreliable estimate
1.0%
1.4%
0.9%
More than one person per room
Unreliable estimate
1.6%
3.3%
3.4%
People per household
2.20
2.13
2.51
2.53
Drive alone
80%
72%
70%
69%
Carpool
Unreliable estimate
9%
9%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
Unreliable estimate
17%
16%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in South Gate Ridge look like those in Sarasota County: 2.20 people on average.
In South Gate Ridge, 80% of workers drive alone to work; in Sarasota County, 72%.
Do the math
What would you pay each month for a home in South Gate Ridge?
A typical home costs more than the typical income allows
We start with a typical home in South Gate Ridge, worth $444,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 61% of the typical household income in South Gate Ridge, which is $70,469 a year. For that payment to be 28% of income, a household would need to earn about $153,817 a year.
The calculator's FHA and conventional loan limits are those of all of Sarasota County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in South Gate Ridge. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $15,568 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,589
at 7.18% · 30 years
Loan amount
$436,744
Total interest
$628,372
Paid off in
November 2056
Includes $7,512 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,644 a month
Tight
$1,644 to $2,114 a month
Hard
more than $2,114 a month
Your payment · 61%
Compared with the typical household income in South Gate Ridge ($70,469 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,959
Property tax
$248
Home insurance
$185
FHA mortgage insurance (MIP)
$197
You need at least $15,568 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,589; principal and interest $2,959.
The city and its county
South Gate Ridge and Sarasota County
South Gate Ridge is in Sarasota County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
South Gate Ridge
Map of Sarasota County, Florida, with South Gate Ridge marked. Around it, the neighboring counties.
South Gate Ridge
Sarasota County
Other cities with a page
South Gate Ridge's own numbers
Typical home value
$444,800
Typical monthly rent
$1,612
Typical yearly household income
$70,469
Households that own their home
66%
Effective property tax rate
0.67%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Sarasota County
FHA limit, one-unit home
$547,400
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,188
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
20%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Sarasota County.
A typical home in South Gate Ridge is worth $444,800: 8% above the county and 24% above Florida. With the typical household income in South Gate Ridge ($70,469 a year), a typical home costs 6.3 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
South Gate Ridge6.3 years
Sarasota4.9 years
Florida4.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Sarasota County
According to FHFA’s house price index, home prices in Sarasota County rose 111% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Sarasota County.
Yearly change in FHFA’s price index in Sarasota County, 2016 to 2025
2016: +11.2% +11.2% 2016
2017: +7.6% +7.6% 2017
2018: +6.7% +6.7% 2018
2019: +3.8% +3.8% 2019
2020: +4.8% +4.8% 2020
2021: +17.8% +17.8% 2021
2022: +29.8% +29.8% 2022
2023: +5.8% +5.8% 2023
2024: −1.7% −1.7% 2024
2025: −4.4% −4.4% 2025
Change in FHFA’s price index in Sarasota County, Florida and the United States
Period
County
Florida
U.S.
Last year (2025)
−4.4%
−0.5%
+2.9%
5 years (2020–2025)
+52%
+60%
+47%
10 years (2015–2025)
+111%
+127%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
South Gate Ridge next to Sarasota County, Florida and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
South Gate Ridge$444,800
Sarasota$411,800
Florida$359,000
United States$332,700
Typical monthly rent
South Gate Ridge$1,612
Sarasota$1,818
Florida$1,669
United States$1,413
Typical yearly household income
South Gate Ridge$70,469
Sarasota$83,416
Florida$74,568
United States$80,734
See the full table
South Gate Ridge next to Sarasota County and Florida
Measure
South Gate Ridge
Sarasota County
Florida
U.S.
Typical home value
$444,800 ▲8% above the county
$411,800
$359,000
$332,700
Typical monthly rent
$1,612 ▼11% below the county
$1,818
$1,669
$1,413
Typical yearly household income
$70,469 ▼16% below the county
$83,416
$74,568
$80,734
Households that own their home
66% ▼11 points below the county
77%
68%
65%
Typical yearly property tax
$2,992 ▼4% below the county
$3,106
$2,730
$3,119
Effective property tax rate
0.67% ▼0.08 points below the county
0.75%
0.76%
0.94%
Renters with high rent for their income
61% ▲1 points above the county
59%
60%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Sarasota County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in South Gate Ridge
For a typical $444,800 home in South Gate Ridge, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, South Gate Ridge's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,589a month
Least cash to close
Down payment
$15,568
Cash to close
$28,912
Rate
7.18%
Mortgage insurance
FHA MIP · $197
Conventional, 5% down$3,508a month
Down payment
$22,240
Cash to close
$35,584
Rate
7.18%
Mortgage insurance
PMI · $211
Conventional, 20% down, no PMI$2,844a month
Down payment
$88,960
Cash to close
$102,304
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,255a month
Down payment
$66,720
Cash to close
$80,064
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in South Gate Ridge
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,589
$15,568
$436,744
7.18%
FHA MIP · $197
$28,912
580
Conventional, 5% down
$3,508
$22,240
$422,560
7.18%
PMI · $211
$35,584
620*
Conventional, 20% down, no PMI
$2,844
$88,960
$355,840
7.18%
None
$102,304
620*
ITIN, 15% down (example)
$3,255
$66,720
$378,080
8.18%
None
$80,064
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in South Gate Ridge is $1,612 a month: 11% below the county. In South Gate Ridge, 61% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Sarasota County, by unit size. To pay the 2-bedroom one ($2,188 a month) without spending more than 30% of your income, you would need to earn $42.08 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Sarasota County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,749
$33.63
$69,960
1 bedroom
$1,876
$36.08
$75,040
2 bedrooms
$2,188
$42.08
$87,520
3 bedrooms
$2,775
$53.37
$111,000
4 bedrooms
$3,309
$63.63
$132,360
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in South Gate Ridge
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). South Gate Ridge has 2 ZIP codes with their own.
For 2 bedrooms it runs from $2,260 in 34231 to $2,430 in 34233.
2 of the 2 are above the fair market rent for Sarasota County ($2,188).
Fair market rent by ZIP code and size in South Gate Ridge, fiscal year 2027.
34231
$1,810
$1,940
$2,260
$2,870
$3,420
34233
$1,940
$2,080
$2,430
$3,080
$3,670
ZIP code2 bd3 bd
34231 $2,260$2,870
34233 $2,430$3,080
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for South Gate Ridge when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Sarasota County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for South Gate Ridge or Sarasota County. The ones below are statewide in Florida: they work in South Gate Ridge the same as in the rest of the state.
Florida Housing second loan with no interest and no monthly payments, repaid when you sell or refinance.Offered by Florida Housing Finance Corporation.
The HUD-approved agencies closest to the center of South Gate Ridge, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for South Gate Ridge or Sarasota County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for South Gate Ridge and all of Sarasota County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in South Gate Ridge?
The typical home value in South Gate Ridge is $444,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Sarasota County it is $411,800.
How much does it cost to rent in South Gate Ridge?
Typical rent in South Gate Ridge is $1,612 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Sarasota County is $2,188.
What is the FHA loan limit in South Gate Ridge?
South Gate Ridge uses the FHA limit for all of Sarasota County (2026): $547,400 for a one-unit home and $1,052,700 for a four-unit home.
How much property tax do owners pay in South Gate Ridge?
The typical homeowner in South Gate Ridge pays $2,992 a year, according to the U.S. Census Bureau. That is 0.67% of the home’s value; in Sarasota County, the rate is 0.75%.
Where can I find free help to buy or rent in South Gate Ridge?
We found no HUD-approved counseling agencies with an office in Sarasota County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
