Tallahassee, FL housing market
The typical Tallahassee home is worth about $294,000, up 1.4% in a year, 22% below the Florida typical home. Homes typically sell in 54 days, close to asking.
Home values, sales, trends and how Tallahassee compares with the towns next door — updated as new data is published.
Tallahassee at a glance
A seller's market
Supply is tight — about 3.5 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Tallahassee | Florida |
|---|---|---|
| 2017 | $181,000 | $209,000 |
| 2018 | $191,000 | $226,000 |
| 2019 | $200,000 | $242,000 |
| 2020 | $213,000 | $253,000 |
| 2021 | $230,000 | $276,000 |
| 2022 | $257,000 | $340,000 |
| 2023 | $276,000 | $392,000 |
| 2024 | $292,000 | $402,000 |
| 2025 | $293,000 | $397,000 |
| 2026 | $291,000 | $377,000 |
| August 2026 | $294,000 | $376,000 |
1,898 new homes permitted in 2025
Builders were permitted 1,898 new homes in Tallahassee in 2025: 468 single-family houses and 1,430 in buildings with two or more homes, worth about $392.5 million to build. That's 9.4 per 1,000 residents, about the pace of Florida as a whole. Over the past 10 years, Tallahassee has permitted 16,148 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Tallahassee gained 14,793 residents while 9,723 new homes were permitted: about 1.5 new residents per new home. Building and growth moved roughly in step. Across Florida: 2.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 909 | 311 | 598 | $180.9 million |
| 2025 | 1,898 | 468 | 1,430 | $392.5 million |
| 2024 | 1,460 | 463 | 997 | $208.5 million |
| 2023 | 1,698 | 441 | 1,257 | $238 million |
| 2022 | 2,049 | 466 | 1,583 | $284.1 million |
| 2021 | 1,853 | 540 | 1,313 | $262.6 million |
| 2020 | 1,580 | 472 | 1,108 | $224.2 million |
| 2019 | 1,682 | 407 | 1,275 | $235.1 million |
| 2018 | 1,524 | 396 | 1,128 | $210.9 million |
| 2017 | 1,535 | 379 | 1,156 | $219.4 million |
| 2016 | 869 | 330 | 539 | $96.9 million |
| 2015 | 460 | 301 | 159 | $63.5 million |
| 2014 | 903 | 271 | 632 | $112.5 million |
| 2013 | 941 | 293 | 648 | $101.9 million |
| 2012 | 908 | 216 | 692 | $94.9 million |
| 2011 | 612 | 268 | 344 | $64.9 million |
| 2010 | 289 | 247 | 42 | $38.1 million |
| 2009 | 505 | 205 | 300 | $47.8 million |
| 2008 | 561 | 300 | 261 | $71.7 million |
| 2007 | 1,417 | 638 | 779 | $140.4 million |
| 2006 | 1,392 | 804 | 588 | $174.7 million |
| 2005 | 2,671 | 1,279 | 1,392 | $267 million |
| 2004 | 2,292 | 852 | 1,440 | $228.4 million |
| 2003 | 2,297 | 1,187 | 1,110 | $200.6 million |
| 2002 | 2,165 | 963 | 1,202 | $180.1 million |
| 2001 | 1,534 | 796 | 738 | $133.8 million |
| 2000 | 1,537 | 684 | 853 | $124 million |
How Tallahassee ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Tallahassee and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Tallahassee | $294K | +1.4% | $1,460 | 1,898 | $57,409 |
| Bradfordville | — | +1.5%† | $1,600 | — | $133,359 |
| Chaires | — | −0.3%† | $1,630 | — | $167,569 |
† FHFA price index change, where Zillow has no home value for the town.
5.1 years of income
The typical Tallahassee home costs about 5.1 years of the town's median household income, about the same as across Florida (5).
How Tallahassee ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,460
HUD's Fair Market Rent for a two-bedroom in Tallahassee is $1,460 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Tallahassee pay a median of $1,293, so moving in tends to cost more than staying put. A two-bedroom takes about 31% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,190 · 4 bedrooms $1,950
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32301, 32303, 32304, 32305, 32308, 32309 and 4 more; Tallahassee, FL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.