Rental numbers for Leon County, FL
The typical home here runs -$1,021 a month at 7.78% with 25% down. 0 of 9 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.2%.
- Gross yield
- 6.0%
- typical home, Zillow
- Median ZIP yield
- 7.2%
- 9 ZIPs with full data
- Cash flow
- -$1,021/mo
- at 7.78%, 25% down
- Typical price
- $295,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,470/mo
- Zillow ZORI, Aug 2026
ZIP codes in Leon County
10 with published figures
| 32304Tallahassee | $168,000 | $1,280 | 9.1% | 4.4% | -$293 | +4.5% |
| 32305Tallahassee | $196,000 | $1,301 | 8.0% | 3.8% | -$438 | n/a |
| 32301Tallahassee | $212,000 | $1,343 | 7.6% | 3.3% | -$558 | +1.8% |
| 32303Tallahassee | $240,000 | $1,446 | 7.2% | 3.2% | -$659 | +1.4% |
| 32310Tallahassee | $182,000 | $1,095 | 7.2% | 2.8% | -$556 | n/a |
| 32312Tallahassee | $455,000 | $2,425 | 6.4% | 3.0% | -$1,312 | +0.7% |
| 32311Tallahassee | $329,000 | $1,705 | 6.2% | 2.5% | -$1,073 | +2.1% |
| 32308Tallahassee | $342,000 | $1,584 | 5.6% | 2.1% | -$1,245 | +2.2% |
| 32317Tallahassee | $411,000 | $1,630* | 4.8% | 1.5% | -$1,699 | n/a |
| 32309Tallahassee | $400,000 | $1,576 | 4.7% | 1.5% | -$1,671 | +2.1% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.4%
- Rent, 12 months
- +1.5%
- Rent minus price growth
- +0.1 pts
- Property tax
- 0.79%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $248,576 | $1,117 |
| Aug 2022 | $278,456 | $1,294 |
| Aug 2023 | $286,982 | $1,349 |
| Aug 2024 | $294,086 | $1,403 |
| Aug 2025 | $290,462 | $1,448 |
| Aug 2026 | $294,604 | $1,470 |
HUD Fair Market Rent
FY2027, Tallahassee, FL HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,186 | $1,264 | $1,424 | $1,742 | $1,871 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 15.2
- 1,864 units, last 12 months
- National percentile
- 83th
- among US counties
Tools
Test a listing in Leon County against today's rate.
Open the calculatorPart of the Tallahassee, FL metro.
Questions
- Is Leon County good for rental property?
- The typical home here runs -$1,021 a month at 7.78% with 25% down. 0 of 9 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.2%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Leon County?
- About 0.79% of value, from Census ACS median taxes paid over median home value. On a $295,000 home that is about $2,339 a year.
- What is Fair Market Rent in Leon County?
- HUD's FY2027 Fair Market Rent here is $1,264 for a 1-bedroom, $1,424 for a 2-bedroom and $1,742 for a 3-bedroom. Typical cash flow at today's rate is -$1,021 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.