Housing
Home prices and rent in Tallahassee
Median home values, rents and incomes from the U.S. Census Bureau, compared with Florida and the U.S.
Census geography: Tallahassee city, Florida. These survey estimates are not current listing prices.
Tallahassee vs. Florida and the U.S.
| Tallahassee | Florida | U.S. | |
|---|---|---|---|
| Median home value | $294,400 | $359,000 | $332,700 |
| Median rent (monthly) | $1,293 | $1,669 | $1,413 |
| Median household income | $57,409 | $74,568 | $80,734 |
| Homes owned by occupants | 41% | 68% | 65% |
| Median year built | 1988 | 1988 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $176,900 | $203,800 | $294,400 |
| Median rent (monthly) | $921 | $1,023 | $1,293 |
| Median household income | $39,407 | $45,734 | $57,409 |
Fair Market Rents (HUD, fiscal year 2027)
Tallahassee, FL HUD Metro FMR Area · Leon County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent.
Income limits (HUD, fiscal year 2026)
Area median family income: $99,500. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $55,750 | $63,700 | $71,650 | $79,600 | $86,000 | $92,350 | $98,750 | $105,100 |
| Very low income (50%) | $34,850 | $39,800 | $44,800 | $49,750 | $53,750 | $57,750 | $61,700 | $65,700 |
| Extremely low income (30%) | $20,900 | $23,900 | $27,320 | $33,000 | $38,680 | $44,360 | $50,040 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Tallahassee?
$294,400, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $359,000 in Florida and $332,700 nationally.
How much is rent in Tallahassee?
Median gross rent (rent plus utilities) is $1,293 a month, versus $1,669 statewide.
How much have home values risen in Tallahassee?
The median home value went from $176,900 in 2014 to $294,400 in 2024 (+66%).
What is fair market rent in Tallahassee?
HUD's fiscal year 2027 Fair Market Rent for the Tallahassee, FL HUD Metro FMR Area is $1,186 for a studio, $1,264 for one bedroom and $1,424 for two bedrooms. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Tallahassee city, Florida. Values are estimates with margins of error.