Markets/Florida/Tallahassee

Tallahassee, FL Real Estate Market 2026

Investor-grade market analytics for Tallahassee, Florida. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$284,218

+1.1% year-over-year

Est. Rental Yield

6.2%

gross annual

12-Month Forecast

+1.1%

base case (Zillow ZHVF)

+1.1% year-over-year

Climate Risk

28/100

Low

Market Momentum

➡️
Neutral
3.9mo supply · Score 0/7

Net migration: Bottom 4% nationally

Income Migration

📉 Wealth Drain0.86x

In-migrants avg $48,468 AGI vs out-migrants $56,324

🏛️

Opportunity Zone Market

4 ZIP codes in Tallahassee are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Tallahassee Market Summary

Tallahassee, FL is in a stabilization phase with 1.1% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability remains favorable with a price-to-income ratio of 4.51x, below the national average of 4.8x. Net negative migration (-1,148 returns/year) is reducing housing demand pressure. Climate risk remains low (28/100), favorable for long-term investment stability. Rental yield of 6.21% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score78/100
Price-to-Income Ratio4.5x (national avg 4.8x)
Median Household Income$63,078

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+0.6%
Base Case+1.1%
Bull Case+1.7%

Climate & Natural Hazard Risk

Tallahassee, FL's primary climate exposure is hurricanes (55/100). The composite climate risk score of 28/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Tallahassee dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.