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Tallahassee city, FL

ZIP 32301 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32301

Median Home Value
$211,900
Median Rent
$980
Affordability Snapshot
$58,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,361/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32301 in Tallahassee city, FL, a household would need roughly $58,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,361. That is about 15% above the local median household income ($50,412), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
28.4%-57% vs US avg
x
Vacancy Rate
15.3%+48% vs US avg
x
Broadband Access
89.7%+3% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
24.1%-51% vs US avg
x
Mortgage-Free
37.6%-2% vs US avg
x
$211,900
Home Value
$980
Rent
1982
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached27.0%
  • 1-unit attached11.7%
  • 2-9 units23.8%
  • 10+ units36.6%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$211,900
Median rent$980
Owner-occupied28.4%
Vacant15.3%
Price-to-income4.2x
Est. income to buy$58,000