Palmer Ranch

Population: 15,873
Median household income: $103,682
Median home value: $563,000

Palmer Ranch is a community in Sarasota County, Florida, home to 15,873 residents. At $103,682, its median household income sits above Sarasota County's $80,633.

From 2020 to 2023, Palmer Ranch's population grew 15.0% from 13,802 to 15,873, while its median home value rose 33.2% from $422,700 to $563,000.

Households average 1.91 people. The median gross rent is $1,819.

Demographics

ACS 2019–2023

Population: 15,873
Median age: 65.6 yrs
Median household income: $103,682
Median home value: $563,000
Median gross rent: $1,819
Housing units: 10,043
Homeownership rate: 74.6%
Bachelor's degree or higher: 55.1%
Unemployment rate: 2.0%

Trends

ACS 5-year · 2019–2023

Population

13,80215,873

Median household income

$89,000$103,682

Median home value

$422,700$563,000

Median gross rent

$1,685$1,819

Year	Population	Median household income	Median home value	Median gross rent
2020	13,802	$89,000	$422,700	$1,685
2021	14,430	$91,651	$430,700	$1,571
2022	15,278	$98,923	$515,400	$1,810
2023	15,873	$103,682	$563,000	$1,819

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.8%

5 to 175.8%

18 to 243.0%

25 to 345.8%

35 to 445.0%

45 to 548.5%

55 to 6418.0%

65 to 7419.4%

75 and over31.7%

	Count	Share
Under 5	439	2.8%
5 to 17	918	5.8%
18 to 24	469	3.0%
25 to 34	915	5.8%
35 to 44	800	5.0%
45 to 54	1,356	8.5%
55 to 64	2,861	18.0%
65 to 74	3,076	19.4%
75 and over	5,039	31.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	13,525	85.2%
Black or African American	673	4.2%
American Indian & Alaska Native	0	0.0%
Asian	420	2.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	177	1.1%
Hispanic or Latino (any race)	1,078	6.8%

Educational attainment (age 25+)

No high school diploma1.2%

High school graduate17.9%

Some college or associate's25.7%

Bachelor's degree27.0%

Graduate or professional degree28.1%

	Count	Share
No high school diploma	172	1.2%
High school graduate	2,518	17.9%
Some college or associate's	3,611	25.7%
Bachelor's degree	3,796	27.0%
Graduate or professional degree	3,950	28.1%

Commute to work

Mean travel time to work: 25 min

Drove alone73.3%

Carpooled3.8%

Public transit0.0%

Walked1.2%

Bicycle0.2%

Worked from home20.6%

Other means1.0%

How workers get to work

	Count	Share
Drove alone	3,933	73.3%
Carpooled	204	3.8%
Public transit	0	0.0%
Walked	63	1.2%
Bicycle	11	0.2%
Worked from home	1,105	20.6%
Other means	52	1.0%

Travel time

	Count	Share
Under 15 min	851	20.0%
15 to 29 min	1,628	38.2%
30 to 44 min	1,540	36.1%
45 to 59 min	96	2.3%
60+ min	148	3.5%

Households

Average household size: 1.91
Poverty rate: 5.3% (827 of 15,750)

	Count	Share
Family households	5,289	64.0%
Nonfamily households	2,976	36.0%

Housing

Median year structure built: 1999

Occupancy

	Count	Share
Occupied	8,265	82.3%
Vacant	1,778	17.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	6,165	74.6%
Renter-occupied	2,100	25.4%

1-unit, detached50.7%

1-unit, attached13.6%

2 to 4 units4.4%

5 to 19 units16.8%

20 or more units14.2%

Mobile home & other0.3%

Units in structure

	Count	Share
1-unit, detached	5,087	50.7%
1-unit, attached	1,364	13.6%
2 to 4 units	445	4.4%
5 to 19 units	1,684	16.8%
20 or more units	1,430	14.2%
Mobile home & other	33	0.3%

Geography

Place GEOID: 1254238
Type (LSAD): 57
Land area: 7.5 sq mi
Water area: 0.67 sq mi
Center point: 27.2234, -82.4613