Tallahassee Real Estate Market Overview
Average Monthly Rent:
$1,396
Percentage Change in Home Price/Value:
4.2%
Median Home Value:
$249,900
Best Time To Sell Home:
November
Affordability Index:
109
Days To Sell House:
47
Job Market:
Fair
Public School Ranking:
18
Location and Weather
Tallahassee is a refined city located in the Leon county region of northern Florida. This city is the capital of the state, and has a layout amongst rolling hills and Spanish moss lined streets. Along with a 10-block historic district, Tallahassee is home to diverse parks, bars, restaurants, and acclaimed universities.
Considering this city’s northern location, the weather here is slightly different than most Floridian cities. Summers sport the warm weather as expected of Florida, but winters are cold and long, dropping to lows in the 30’s. There’s almost 60 inches of rain per year here as well.
Population, Job Market and Cost of Living
Tallahassee has a population of 199,711, with a growth rate of 0.88% annually. The job market has increased by 2.0% over the last year. In ten years, job growth is predicted to be 37.9%. Tallahassee has been recognized for having a strong economy and expanding job market. Inc Magazine named Tallahassee one of the best small metro areas to start and grow a business, while Forbes Magazine named it one of the best places for businesses and careers. Tallahassee is home to Florida State University, Florida A&M University, and Florida’s legislature, which explains the large education and government sector here.
This city is also a prominent center for agriculture and trade. It is one of the fastest growing high-tech and manufacturing areas in Florida as well. Tallahassee is an affordable Floridian city, and has very low housing costs for students, young professionals, and families alike.