The story of this market
The typical home in Tallahassee, Florida sells for about $294,500, or $201 per square foot.
Prices are up +6.8% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,500 a month.
Monthly price momentum
Home values since 2015
+1%
FL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Tallahassee, Florida
The Tallahassee housing market is showing signs of steady growth, with a 6.8% year-over-year increase in median sale prices. While inventory remains relatively tight, the market is characterized by a slow pace of sales, suggesting a balanced environment for buyers and sellers. The city's stable economic base, driven by government and education, continues to support long-term demand.
No ARED county foreclosure postings attributed to Tallahassee yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).
Deterministic aggregate of 12 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 19.2% year over year.
Homes spend a median of 58 days on market with 0.2 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 6.62% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 23.6% — a mixed stability profile.
- District 8504.14.5 mi
- Urban Air Trampoline and Adventure Park4.61.6 mi
- Fun Station4.13 mi
- Chuck E. Cheese4.13 mi
- Secrets Escape Rooms - Tallahassee53.2 mi
- Doak S. Campbell Stadium4.71.4 mi
- Donald L. Tucker Civic Center4.40.4 mi
- Harry's Seafood Bar & Grille4.40.2 mi
- Tallahassee Automobile Museum4.87.8 mi
- Madison Social4.21 mi
- AMC Tallahassee 204.32.6 mi
- Florida State Capitol4.40.1 mi
- Cascades Park4.70.3 mi
- Tom Brown Park4.73.9 mi
- Alfred B. Maclay Gardens State Park4.85.6 mi
- Tallahassee Museum4.74.2 mi
- Tallahassee Automobile Museum4.87.8 mi
- Railroad Square Art District4.60.7 mi
- Goodwood Museum & Gardens4.71.8 mi
- Westcott Fountain4.90.7 mi
- Cascades Park4.70.3 mi
- Tom Brown Park4.73.9 mi
- Alfred B. Maclay Gardens State Park4.85.6 mi
- Edward Ball Wakulla Springs State Park4.814.8 mi
- Apalachee Regional Park4.77.7 mi
- Shell Island Fish Camp & RV Resort4.619.7 mi
- Shields Marina4.820.1 mi
- Ingram's Marina LLC4.520.5 mi
- The Golf Club at Summerbrooke4.19.5 mi
- SouthWood Golf Club4.44.7 mi
- Hilaman Golf Course4.12.4 mi
- Seminole Legacy Golf Club4.52.6 mi
- Jake Gaither Golf Course4.12.5 mi
- Governor’s Square4.31.6 mi
- Publix Super Market at Lake Ella Plaza4.51.7 mi
- Publix Super Market at Ocala Corners4.42.3 mi
- Publix Super Market at Village Square4.65.3 mi
- T.J. Maxx4.24.9 mi
- Tallahassee International Airport4.24.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A historic site featuring ornamental gardens, a reflection pool, and walking trails that serve as a major recreational anchor.
An outdoor museum showcasing regional history and wildlife, providing significant educational and tourism value.
A major research institution that serves as a primary economic and cultural driver for the city.
Tallahassee is an ideal fit for government employees, university staff, and students seeking a stable, education-focused environment. It also attracts family buyers looking for a lower cost of living compared to South Florida, as well as investors targeting the steady rental demand generated by the academic sector.
The city is served by Leon County Schools, which maintains a diverse portfolio of educational institutions. While some magnet and specialized programs receive high marks, overall performance varies significantly by neighborhood. The presence of major universities provides a strong academic culture that influences local educational priorities.
The city is served by a network of state roads and highways, with I-10 providing the primary east-west corridor. Public transit is managed by StarMetro, which provides bus services throughout the city and university campuses. Commute times are generally moderate compared to larger metropolitan areas.
Tallahassee offers a robust amenity base centered on its natural beauty and academic environment. Residents enjoy extensive greenways like the Miccosukee and J.R. Alford trails, alongside cultural landmarks such as the Tallahassee Museum. The city's proximity to state parks and lakes provides diverse outdoor recreation opportunities.
The rental market is heavily influenced by the large student population from the city's two major universities, creating consistent demand for multi-family and off-campus housing. Vacancy rates remain relatively tight, though new construction in the urban core is beginning to expand supply. Short-term rental activity is present but regulated, primarily concentrated near the university districts and downtown.
The economy is dominated by the public sector, higher education, and healthcare, providing a recession-resistant foundation. Major employers include Florida State University, Florida A&M University, and the State of Florida government offices. The city maintains steady momentum through its role as the state capital.
As the state capital, Tallahassee's economy is anchored by government, education, and healthcare sectors. Major employers include Florida State University, Florida A&M University, and various state agencies, providing a stable economic base. Infrastructure development, such as the FAMU Way project, continues to enhance connectivity and urban revitalization.
Development efforts are currently focused on urban infill and the revitalization of the downtown and university-adjacent districts. Ongoing infrastructure upgrades are aimed at improving traffic flow and expanding pedestrian-friendly spaces.
Parcels in Tallahassee are subject to various special districts, including those for school funding, water management, and municipal services. These districts are integrated into the annual property tax bill, which is managed at the county level.
Tallahassee experiences crime rates that are generally higher than the national average, particularly in property-related categories. Local law enforcement continues to focus on community-based policing initiatives to address these trends. Regional comparisons often place the city in the higher tier for crime density compared to smaller Florida municipalities.
Tallahassee faces moderate risks from tropical weather events, including high winds and heavy rainfall during hurricane season. While inland compared to coastal Florida, the city's topography and drainage systems are critical for flood management. Property insurance premiums have seen upward pressure in line with broader state-wide trends regarding climate risk.
The property insurance market in Tallahassee is influenced by state-wide legislative changes and the increased frequency of severe weather events. Premiums have trended upward, reflecting the broader risk profile of the Florida market.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Data retrieved from US Census Bureau QuickFacts and ACS profiles.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.