Housing in Tallahassee, FL is a great investment for homebuyers. The median value of homes in this city is $249,700, which is lower than the US national median of $338,100. Furthermore, house appreciation over the last year in Tallahassee has been 12.33%, higher than the US average of 8.27%. This suggests that purchasing a home in Tallahassee now may be a smart move both in terms of cost and potential appreciation.
The median home cost in Tallahassee is $249,700. Home appreciation the last 10 years has been 93.9%. Home Appreciation in Tallahassee is up 16.1%.
Average Age of Homes
- The median age of Tallahassee real estate is 31 years old
The Rental Market in Tallahassee
- Renters make up 51.9% of the Tallahassee population
- 3.5% of houses and apartments in Tallahassee, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.