Tallahassee, FL—32309
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tallahassee, FL
As of Oct '25, the median home price in Tallahassee, FL is $385,000, with a year-over-year change of -0.8%. This indicates that home prices in Tallahassee, FL are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $385,000 | -0.8% |
| Single Family | $390,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | -3.5% |
3 Bed | $347,000 | -1.1% |
4 Bed | $502,000 | -0.4% |
| 5 Bed | $728,000 | 0.7% |
% of Housing Stock
Rental Trends — Tallahassee, FL
As of July '25, Rentcast reports the average rent in Tallahassee, FL is $2,200, with a year-over-year rent change of -8.7%. Per bedroom, the median rent as of July '25 in Tallahassee, FL is 2-bedrooms: $1,450, 3-bedrooms: $2,280, 4-bedrooms: $2,770. The most common rental property sizes in Tallahassee, FL are 2-bedroom and 3-bedroom, accounting for 34.9% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,450 |
| 3 Bed Rent | $2,150 | $2,280 |
| 4 Bed Rent | $2,500 | $2,770 |
% of Rental Stock
Property Listings — Tallahassee, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Tallahassee, FL is 52. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $478,000 | 8.0% |
Listing Count | 131 | 10.0% |
| Listings as % of Homes | 0.6% | 10.0% |
Days on Market | 52 | 11.0% |
Demographics — Tallahassee, FL
As of the latest ACS Survey released in 2023, Tallahassee, FL has a population of 34,000, which has increased by 7.4% over the past 5 years. Tallahassee, FL is a popular place for families, as children make up 25.2% of the population. The area has a highly educated workforce, with 61.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,000 | 7.4% |
% Under 18 | 25.2% | 7.2% |
% Seniors | 22.3% | 26.0% |
% WFH | 14.7% | 157.9% |
% w/ College Degree | 61.0% | 7.2% |
As of the latest ACS Survey released in 2023, Tallahassee, FL is a predominantly white area, with 74.6% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Tallahassee, FL is black, making up 9.4% of the population. Foreign-born residents account for 6.6% of the population in Tallahassee, FL, and this percentage has increased by 22.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.6% | 0.9% |
% Black | 9.4% | -29.9% |
% Hispanic | 7.8% | 20.0% |
% Asian | 2.7% | -35.7% |
% Foreign Born | 6.6% | 22.2% |
Mortgage and Risk — Tallahassee, FL
According to HUD data as of 2023, there were 492 mortgage originations in Tallahassee, FL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Tallahassee, FL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 492 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Tallahassee, FL
Tallahassee, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 62 |
Total Units Section 8 | 53 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | $50 | $1,400 | $1,450 |
| 3 Bedroom | -$320 | $2,150 | $1,830 |
| 4 Bedroom | -$490 | $2,500 | $2,010 |
Affordability — Tallahassee, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $385,000 |
| Median Household Income | $110,000 |