Tallahassee, FL
Leon County · Pop. 198,310
Ranked #110 of 243 cities
42Moderate
Median Home Price
🏠$260K
4.0% YoY
Median Rent
🔑$1,300
3.5% YoY
Median Income
💰$45K
Rent Burden
📊34.5%
% of income to rent
Income to Buy
🏦$75K
annual income needed
Income to Rent
📝$52K
annual income needed
Price-to-Income
⚖️5.8x
Homeownership
🏡42.0%
Rent vs. Buy
Buy
$1,384/mo
Est. mortgage (7%, 20% down)
Need $75K/yr income
Rent
$1,300/mo
Median rent
Need $52K/yr income
How Tallahassee Compares
| Metric | Tallahassee | Florida | National |
|---|---|---|---|
| Home Price | $260K | $381K | $410K |
| Rent | $1,300 | $1,719 | $1,500 |
| Income | $45K | $73K | $75K |
| Rent Burden | 34.5% | 37.8% | 30.0% |
Key Takeaways
- • Home prices in Tallahassee are 37% lower than the national average.
- • Rent is 13% lower than the national average.
- • You need an income of $75K to comfortably buy a home here.
- • The homeownership rate is 42.0%, compared to 65.0% nationally.