Tallahassee appreciation rates and housing market information

Tallahassee housing market information

With 150,581 people, 68,397 houses or apartments, and a median cost of homes of $202,143, Tallahassee real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Tallahassee, accounting for 42.25% of the city's housing units. Other types of housing that are prevalent in Tallahassee include large apartment complexes or high rise apartments (29.17%), duplexes, homes converted to apartments, or other small apartment buildings (15.35%), row houses and other attached homes (9.32%), and a few mobile homes or trailers (3.91%).

People in Tallahassee primarily live in small (one, two, or no bedroom) single-family detached homes. Tallahassee has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Tallahassee built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Tallahassee built from 1940-1969 (24.97%). A lesser amount of the housing stock also hails from 1995 and later (12.87%), and some were built from 1939 and earlier (12.87%).

Tallahassee home appreciation rates

Appreciation rates for homes in Tallahassee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.34%, which ranks in the top 40% nationwide. This equates to an annual average Tallahassee house appreciation rate of 8.53%.

Over the last year, Tallahassee appreciation rates have trailed the rest of the nation. In the last twelve months, Tallahassee's appreciation rate has been -5.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tallahassee were at -2.05%, which equates to an annual appreciation rate of -8.20%.

Notably, Tallahassee's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Tallahassee's latest annual appreciation rate is higher than 78% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tallahassee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tallahassee - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Tallahassee real estate investment or home purchase decisions.