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These days, finding an affordable place to live in the Tallahassee area can be challenging. Home prices in Tallahassee are now at a median cost of $269,749, lower than the Florida average of $396,783.
The average cost of rent is $1,361/mo in Tallahassee, primarily driven by the current value of real estate in the Tallahassee area. In Tallahassee, 52.11% of households rent, and 46.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tallahassee is $5,952 per month. Households that rent pay about 22.86% of their income on rent here. Tallahassee’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wakulla Springs, FL: less expensive homes
- Miccosukee Cpo, FL: higher priced homes
- Gibson, FL: less expensive homes
- Woodville, FL: less expensive homes
- Midway, FL: less expensive homes
- Scotland, FL: higher priced homes
- Lloyd, FL: higher priced homes
- Shady Rest, FL: less expensive homes
- Wacissa, FL: less expensive homes
- Waukeenah, FL: less expensive homes
Cities with Similar Populations
- Clifton, NJ: higher priced homes
- Clinton Township, MI: less expensive homes
- Cleveland, OH: less expensive homes
- Clearwater, FL: higher priced homes
- Cleveland, TN: equally priced homes
- Clayton, NC: higher priced homes
- Charleston, WV: less expensive homes
- Burbank, CA: higher priced homes
- Casas Adobes, AZ: higher priced homes
- Cary, NC: higher priced homes
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