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Tallahassee, FL—32311

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$331,000
0.9% YoY Growth
Household Income
$80,200
8.8% YoY Growth
Days on Market
49
2.0% Longer YoY
Home Price Forecast
0.4%
Median Rent
$1,710
2.6% YoY Growth
1-Bed Rent
$1,250
13.8% YoY Growth
2-Bed Rent
$1,300
5.9% YoY Growth
3-Bed Rent
$2,100
0.9% YoY Growth

Other Zip Codes in Tallahassee, FL

323103231232309323043231732308323033230132305
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Tallahassee, FL

As of May '26, the median home price in Tallahassee, FL is $331,000, with a year-over-year change of 0.9%. This indicates that home prices in Tallahassee, FL are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$331,0000.9%
Single Family $332,0000.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$214,000-1.4%
    3 Bed
    		$331,0000.3%
    4 Bed
    		$523,0000.6%
    5 Bed $720,6150.3%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    10.3%
    2 Bedrooms
    26.8%
    3 Bedrooms
    43.7%
    4 Bedrooms
    17.3%
    5+ Bedrooms
    1.2%

    Rental Trends — Tallahassee, FL

    As of July '25, Rentcast reports the average rent in Tallahassee, FL is $1,910, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Tallahassee, FL is studios: $1,040, 1-bedrooms: $1,400, 2-bedrooms: $1,430, 3-bedrooms: $2,140, 4-bedrooms: $3,060. The most common rental property sizes in Tallahassee, FL are 2-bedroom and 1-bedroom, accounting for 49.9% and 27.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,710$1,910
    Studio Rent $860$1,040
    1 Bed Rent $1,250$1,400
    2 Bed Rent $1,300$1,430
    3 Bed Rent $2,100$2,140
    4 Bed Rent $3,000$3,060
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    % of Rental Stock

    Studio
    1.5%
    1 Bedroom
    27.4%
    2 Bedrooms
    49.9%
    3 Bedrooms
    19.2%
    4 Bedrooms
    2.1%

    Property Listings — Tallahassee, FL

    As of May '26, Realtor.com reports that the median days on market for a home in Tallahassee, FL is 49. This is a increase of 2.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$425,0008.0%
    Listing Count
    		1146.0%
    Listings as % of Homes0.6%6.0%
    Days on Market
    		492.0%
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    Demographics — Tallahassee, FL

    As of the latest ACS Survey released in 2023, Tallahassee, FL has a population of 21,100, which has remained stable by 0.1% over the past 5 years. Tallahassee, FL is a moderately popular place for families, as children make up 21.0% of the population. The area has a highly educated workforce, with 56.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		21,1000.1%
    % Under 18
    		21.0%-5.0%
    % Seniors
    		15.8%31.7%
    % WFH
    		16.5%469.0%
    % w/ College Degree
    		56.6%12.7%
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    As of the latest ACS Survey released in 2023, Tallahassee, FL is a predominantly white area, with 52.5% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Tallahassee, FL is black, making up 26.7% of the population. Foreign-born residents account for 10.9% of the population in Tallahassee, FL, and this percentage has increased by 18.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		52.5%-6.7%
    % Black
    		26.7%1.9%
    % Hispanic
    		8.8%39.7%
    % Asian
    		6.4%-7.2%
    % Foreign Born
    		10.9%18.5%
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    Mortgage and Risk — Tallahassee, FL

    According to HUD data as of 2023, there were 384 mortgage originations in Tallahassee, FL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Tallahassee, FL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		384
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Tallahassee, FL

    As of 2024, the percent of homes in Tallahassee, FL under the Section 8 program is 2.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Tallahassee, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		99
    Total Units Section 8
    		99
    % Rentals under Section 8
    		2.9%
    % Occupied Section 8
    		70.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$210$1,250$1,460
    2 Bedroom$330$1,300$1,630
    3 Bedroom-$50$2,100$2,050
    4 Bedroom-$740$3,000$2,260

    Affordability — Tallahassee, FL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.9
    Median Home Price$331,000
    Median Household Income$80,200

    Tallahassee, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Tallahassee, FL

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    Tallahassee, FL

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    Frequently Asked Questions