Market Overview
Tallahassee is the capitol of Florida. It is a beautiful area with rolling hills and majestic trees. Located in a region of the Florida panhandle known as Big Bend, Tallahassee is more like its northern neighbor, Alabama, than your typical Florida beach town. It is not far from the Ochlockonee, Chipola and Apalachicola rivers.
The Tallahassee summers are warm with high temperatures in the low 90’s and low evening temperatures in the 70’s. The cooler season temperatures are highs in the 70j’s and lows in the low 40’s.
Tallahassee’s population has grown .78% over last year. The 2018 population was 193,551. The job market has increased by 2% over last year. The 10-year predicted job growth is 37.9%. The Tallahassee Metropolitan Area has the fastest growing economy per capita for any Florida city. There are 95 proposed or under construction developments within the city limits. Florida State University is in Tallahassee with a student population of 33,008 and sits on 477 acres. Government is the central focus of Tallahassee’s economy. Education, printing, publishing, food processing and lumber are also important contributors to growth. The cost of living is moderate due to the Tallahassee real estate market with mid-level housing prices.
With the state’s capitol and legislative buildings and Florida State University as cornerstones of the city, Tallahassee is a dynamic city with cultural and sports events, robust job market, moderate cost of living and beautiful treelined streets and parks. It’s sure to continue its growth and attract more students and residents to experience this north Florida lifestyle.
Real estate market data in Tallahassee
Average Monthly Rent:
$1,231
Percentage Change in Home Price/Value:
4.60%
Median Home Value:
$182,800
Best Time To Sell Home:
June
Affordability Index:
168.8
Days To Sell House:
76.708
Job Market:
Fair
Public School Ranking:
26
