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City

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Tallahassee, FL · 32318

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $66K, +1.9% YoY (county); renters hold 47.4% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

122,597

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 137,793

138Kunits

Occupied122,59789.0%

Vacant15,19611.0%

2024 Tenure ⓘ

U.S. Census ACS · n = 122,597

123Koccupied

Owner64,44652.6%

Renter58,15147.4%

Renter Share

47.4%-1.5% YoY

Total Housing Units

137,793+1.4% YoY

FY2026 Fair Market Rent

CountyLeon County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,097

/month

1 BR

$1,204

/month

2 BR

$1,352

/month

3 BR

$1,674

/month

4 BR

$1,790

/month

FMR trends · Leon County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.7% to 297,542: residents under 18 are up 0.2% and those 65 and over are up 3.4%.

Median Age

32.02024

Population

Leon County Population

300,488+0.5% YoY

Households

Total Households

122,597+1.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.27-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 297,542

298Kresidents

Under 1855,05418.5%

Adults 18–64198,48066.7%

65 & Over44,00814.8%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

55,054+0.2% YoY

Population 65 & Over

44,008+3.4% YoY

Median Age

32.00+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house78.0%

Moved (within US)21.4%

Other0.6%

Veterans

5.6%-1.8% YoY

County Economy

County median household income is $66K, 18.7% of residents are below the poverty level, 14.2% work from home.

Income

Median Household Income

$66K+1.9% YoY

Per-Capita Income

$40K+3.0% YoY

Mean Household Income

$95K+2.1% YoY

Poverty

Below Poverty Level

18.7%+1.1% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.8%

Public transit1.5%

Worked from home14.2%

Other12.5%

Worked From Home

14.2%+10.9% YoY

Mean Commute

21.10+1.9% YoY

Done with 32318? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Tallahassee, FL · 32318

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $66K, +1.9% YoY (county); renters hold 47.4% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

122,597

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 137,793

138Kunits

Occupied122,59789.0%

Vacant15,19611.0%

2024 Tenure ⓘ

U.S. Census ACS · n = 122,597

123Koccupied

Owner64,44652.6%

Renter58,15147.4%

Renter Share

47.4%-1.5% YoY

Total Housing Units

137,793+1.4% YoY

FY2026 Fair Market Rent

CountyLeon County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,097

/month

1 BR

$1,204

/month

2 BR

$1,352

/month

3 BR

$1,674

/month

4 BR

$1,790

/month

FMR trends · Leon County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.7% to 297,542: residents under 18 are up 0.2% and those 65 and over are up 3.4%.

Median Age

32.02024

Population

Leon County Population

300,488+0.5% YoY

Households

Total Households

122,597+1.6% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.27-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 297,542

298Kresidents

Under 1855,05418.5%

Adults 18–64198,48066.7%

65 & Over44,00814.8%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

55,054+0.2% YoY

Population 65 & Over

44,008+3.4% YoY

Median Age

32.00+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house78.0%

Moved (within US)21.4%

Other0.6%

Veterans

5.6%-1.8% YoY

County Economy

County median household income is $66K, 18.7% of residents are below the poverty level, 14.2% work from home.

Income

Median Household Income

$66K+1.9% YoY

Per-Capita Income

$40K+3.0% YoY

Mean Household Income

$95K+2.1% YoY

Poverty

Below Poverty Level

18.7%+1.1% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.8%

Public transit1.5%

Worked from home14.2%

Other12.5%

Worked From Home

14.2%+10.9% YoY

Mean Commute

21.10+1.9% YoY

Done with 32318? Put it next to another market.