The story of this market
The typical home in ZIP 32312 sells for about $460,239, or $205 per square foot.
Prices are roughly flat from a year ago (+0.4%), a market in balance. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $1,495 a month.
ZIP 32312 — Tallahassee
The 32312 housing market remains a stable and desirable segment of Tallahassee, characterized by balanced supply and steady demand. While price growth has moderated, the area's strong school ratings and established neighborhood appeal continue to support values. Buyers are finding some negotiating room, as evidenced by the share of price cuts, but the market remains competitive for well-priced inventory.
This ZIP is ideal for family buyers seeking established neighborhoods and high-quality schools, as well as professionals working in the Tallahassee employment core.
Median prices moved up 0.4% year over year.
Homes spend a median of 43 days on market with 3.5 months of supply — a fast-moving market.
31% of listings have cut prices · homes sell at 98.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 5.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 32312, Leon County FL
The area is generally considered one of the safer residential zones within Tallahassee, with crime rates trending lower than the city-wide average.
The ZIP is highly regarded for its access to top-rated public schools within the Leon County School District, making it a primary draw for families.
The area is primarily inland and at low risk for coastal storm surge, though standard Florida property insurance considerations regarding wind and fire coverage apply.
Economic momentum is driven by proximity to the state capital's government, education, and healthcare sectors, with steady demand for executive-style housing.
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.
Residents typically enjoy a straightforward commute to downtown Tallahassee and the major university campuses via the I-10 corridor and arterial surface streets.
The area features extensive access to greenways, parks like Alfred B. Maclay Gardens State Park, and proximity to local golf courses and upscale shopping centers.
The rental market is characterized by steady demand and limited vacancy, with a mix of long-term family rentals and some investor-owned properties.
The economy is anchored by the Florida State government, Florida State University, and the regional healthcare sector, providing a stable employment base.
The area is served by major arterial roads connecting to I-10, with limited public transit reliance compared to the urban core.
Development is focused on infill residential projects and commercial expansion within the existing Market District footprint.
Parcels are subject to Leon County School District and municipal tax levies, with no major MUD/PID districts reported.
Property insurance premiums are rising in line with statewide Florida trends, though the area's inland location mitigates some coastal risk factors.
Data retrieved from US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- District 8504.110.1 mi
- Urban Air Trampoline and Adventure Park4.613.2 mi
- Fun Station4.111.1 mi
- Chuck E. Cheese4.111.2 mi
- Secrets Escape Rooms - Tallahassee513.8 mi
- Doak S. Campbell Stadium4.714 mi
- Donald L. Tucker Civic Center4.413.7 mi
- Harry's Seafood Bar & Grille4.413.6 mi
- Tallahassee Automobile Museum4.810.7 mi
- Madison Social4.214 mi
- AMC Tallahassee 204.311.3 mi
- Alfred B. Maclay Gardens State Park4.88.1 mi
- Tom Brown Park4.712.8 mi
- CMX Cinemas Fallschase4.511.6 mi
- Tallahassee Automobile Museum4.810.7 mi
- Tallahassee Museum4.716.7 mi
- Tallahassee Automobile Museum4.810.7 mi
- Railroad Square Art District4.614.1 mi
- Goodwood Museum & Gardens4.712.1 mi
- Pebble Hill Plantation4.714.1 mi
- Alfred B. Maclay Gardens State Park4.88.1 mi
- Tom Brown Park4.712.8 mi
- Winthrop Park4.611.7 mi
- Dorothy B. Oven Park4.89.7 mi
- Lake Ella Park4.512.1 mi
- The Golf Club at Summerbrooke4.14.3 mi
- Publix Super Market at Lake Ella Plaza4.512 mi
- Publix Super Market at Village Square4.68.5 mi
- T.J. Maxx4.28.9 mi
- HomeGoods4.58.2 mi
- Publix Super Market at Oak Valley Shopping Center4.510.5 mi
- Tallahassee International Airport4.217.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic gardens and recreational lake access.
Private golf and social club serving the area.
Major retail and dining hub for northern Tallahassee.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.