Rental numbers for the Tallahassee, FL metro
The typical home here runs -$935 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 10 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.2%.
- Gross yield
- 6.2%
- typical home, Zillow
- Median ZIP yield
- 7.2%
- 10 ZIPs with full data
- Cash flow
- -$935/mo
- at 7.78%, 25% down
- Typical price
- $284,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,470/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
23 with published figures
| 32332Gretna | $100,000 | $1,190* | 14.3% | 7.4% | +$80 | n/a |
| 32324Chattahoochee | $118,000 | $1,190* | 12.1% | 6.0% | -$42 | n/a |
| 32304Tallahassee | $168,000 | $1,280 | 9.1% | 4.4% | -$293 | +4.5% |
| 32351Quincy | $174,000 | $1,190* | 8.2% | 3.7% | -$402 | n/a |
| 32305Tallahassee | $196,000 | $1,301 | 8.0% | 3.8% | -$438 | n/a |
| 32301Tallahassee | $212,000 | $1,343 | 7.6% | 3.3% | -$558 | +1.8% |
| 32327Crawfordville | $293,000 | $1,828 | 7.5% | 3.8% | -$663 | -2.0% |
| 32303Tallahassee | $240,000 | $1,446 | 7.2% | 3.2% | -$659 | +1.4% |
| 32310Tallahassee | $182,000 | $1,095 | 7.2% | 2.8% | -$556 | n/a |
| 32352Quincy | $210,000 | $1,250* | 7.1% | 3.2% | -$574 | n/a |
| 32331Greenville | $222,000 | $1,190* | 6.4% | 2.1% | -$810 | 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% |
| 32336Lamont | $241,000 | $1,210* | 6.0% | 1.7% | -$961 | n/a |
| 32343Midway | $254,000 | $1,210* | 5.7% | 1.9% | -$964 | n/a |
| 32308Tallahassee | $342,000 | $1,584 | 5.6% | 2.1% | -$1,245 | +2.2% |
| 32333Havana | $268,000 | $1,190* | 5.3% | 1.8% | -$1,039 | n/a |
| 32355Saint Marks | $268,000 | $1,120* | 5.0% | 1.5% | -$1,111 | n/a |
| 32317Tallahassee | $411,000 | $1,630* | 4.8% | 1.5% | -$1,699 | n/a |
| 32358Sopchoppy | $280,000 | $1,110* | 4.8% | 1.5% | -$1,154 | n/a |
| 32309Tallahassee | $400,000 | $1,576 | 4.7% | 1.5% | -$1,671 | +2.1% |
| 32344Monticello | $316,000 | $1,190* | 4.5% | 1.3% | -$1,366 | n/a |
| 32346Panacea | $428,000 | $1,510* | 4.2% | 1.3% | -$1,838 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.1%
- Rent, 12 months
- +1.5%
- Rent minus price growth
- +0.4 pts
- Property tax
- 0.73%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $237,766 | $1,116 |
| Aug 2022 | $269,091 | $1,292 |
| Aug 2023 | $277,336 | $1,348 |
| Aug 2024 | $285,033 | $1,404 |
| Aug 2025 | $281,014 | $1,448 |
| Aug 2026 | $284,218 | $1,470 |
Counties
- Leon County, FL7.2% median yield
- Gadsden County, FLn/a median yield
- Wakulla County, FL7.5% median yield
- Madison County, FLn/a median yield
- Jefferson County, FLn/a median yield
Tools
Questions
- Is the Tallahassee, FL metro good for rental property?
- The typical home here runs -$935 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 10 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 7.2%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Tallahassee, FL metro have the highest rental yield?
- 32304 (Tallahassee) at 9.1%, 32305 (Tallahassee) at 8.0%, 32301 (Tallahassee) at 7.6%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.