Tallahassee
Florida · Ranked #193 of 373 metros
75Affordable
💡
Housing in Tallahassee costs 4.52× the median income, above the national average of 4.5×. The median home price is $289K and median rent is $1,238/month. Tallahassee ranks #193 of 373 metros for affordability.
Median Home Price
🏠$289K
Need $85K income
Median Rent
🔑$1,238
Need $50K income
Building Permits
🔨2,406
annual
Median Income
💰$64K
Pop: 414,510
Rent Burden
⚠️27.9%
of renters paying >30%
Homeownership
🏡56.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Tallahassee | National |
|---|---|---|
| Price-to-Income Ratio | 4.52x | 6.1x |
| Rent Burden | 27.9% | 31.5% |
| Homeownership Rate | 56.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +55.2%Since 2000: +179.6%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,097/mo
1 Bedroom$1,204/mo
2 Bedroom$1,352/mo
3 Bedroom$1,674/mo
4 Bedroom$1,790/mo
Zillow Market Data
Home Value (ZHVI)
$276K
1yr: -0.8%5yr: +27.6%
Rent (ZORI)
$1,485/mo
1yr: +2.1%5yr: +41.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$320K
Active Inventory
1,569
Days on Market
92
Sold Above List
17.7%
Price Drops
19.1%