Sell My House Fast in Tallahassee, Florida with an iBuyer

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.

Hottest Neighborhoods:

Northeast Tallahassee, Midtown/East Tallahassee, Levy Park, Southwood, Betton Hill

Average Monthly Rent in Tallahassee

The average monthly rent in Tallahassee is $1,396 for an average apartment size of 1,043 sq. feet.

Change in Home Value and Median Home Value

There has been a 4.2% increase in Tallahassee’s median home value over the last year. As of 2022, the median home value is $249,900.

Days to Sell a House

On average, homes in Tallahassee sell after 47 days on the market.

Best Time to Sell a House in Tallahassee

In Tallahassee, selling during the month of November can provide homeowners with the most profit. Selling during the month of May can provide homeowners with the fastest sale.

Affordability Index

The affordability index in Tallahassee is 109. This number indicates increased affordability in this city.

Tallahassee Public School Ranking

The top ranked public schools are Hawks Rise Elementary School, Roberts Elementary School, Killearn Lakes Elementary School, Gilchrist Elementary School, and Florida State University. This information is based on the school's combined math and reading proficiency data in testing.

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