Cheap Homes in Tallahassee, FL

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Tallahassee, FL Foreclosures

How much do homes sell for in Tallahassee, FL?
The average home price is currently $319,056.
In Tallahassee, FL, how many homes are available?
There are currently 87,099 active home listings available in Tallahassee.
What’s the average rental cost in Tallahassee, FL?
The average rental price in Tallahassee is $1,470.
What is the most expensive home in Tallahassee, Florida?
The most expensive home sold in Tallahassee had a price of $9,116,520.
What is currently the cheapest priced home in Tallahassee, FL?
The cheapest home for sale in Tallahassee is priced at $13,100.

Home Value Estimator For Tallahassee, FL

There are currently 87,099 real estate properties in Tallahassee, FL, with a median automated valuation model (AVM) price of $269,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tallahassee, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Tallahassee, FL, is $319,056.00, with the most expensive house in Tallahassee, FL, topping out at $9,116,520.00 and the cheapest home in Tallahassee, FL, clocking in at $13,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Tallahassee, FL!

Rent Prices In Tallahassee, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tallahassee, FL, is on a rollercoaster ride. The average rent price in Tallahassee, FL, is $1,470.00. Indeed, when looking to rent in Tallahassee, FL, you can expect to pay as little as $530.00 or as much as $6,800.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Tallahassee, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Tallahassee, FL In 2024

Tallahassee is located in Leon, Florida, with an estimated municipal population of 194,500 residents. All of the best foreclosed homes for sale in Tallahassee are located in the following zip code areas on 32311 32312 32399 32304 32303 32301 32309 32308 32302 32306 32307 32313 32314 32315 32316. The estimated population per square kilometer (.62 miles) in Tallahassee is 747.

Cost Of Living In Tallahassee, FL

So, about how much do homes cost in Tallahassee? The most recent median value of resident-owned homes in Tallahassee is 203,834. An estimated 40 percent of households in Tallahassee own their homes, with an average family size of 3.06. The median household income in Tallahassee is 45,734, with19.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tallahassee, the median commute time of resident workers (in minutes) is 18.7. And last, but certainly not least, are you looking for homes to rent in Tallahassee? If so, the average rent price paid by renters in Tallahassee is 1,023, according to recent statistics.

Diversity And Demographics In Tallahassee, Florida

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Tallahassee, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Tallahassee is 26.9, split between 47.1 percent male versus 52.9 female. The percentage of residents who report being married in Tallahassee is 29.3, with an average family size of 3.06.

The percentage of residents who report their race in Tallahassee is as follows:

White 56.2%
Black / African American 35%
Asian 4.6%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.9%
Other 1.1%

Looking for family-friendly neighborhoods in and/or near Tallahassee? Or maybe you are searching for 55+ active adult communities in and/or near Tallahassee?

The percentage of residents who report their age in Tallahassee is as follows:

Under 10 9.5%
Aged 10-19 14.6%
20s 31.3%
30s 12.2%
40s 9%
50s 8.8%
60s 8.2%
70s 4%
80+ 2.4%

Best Schools In Tallahassee, Florida

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Tallahassee with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Tallahassee.

Pros And Cons Of Living In Tallahassee, Florida

How do you know that living in -- or moving to -- Tallahassee is right where you need to be? Perhaps you grew up in Tallahassee or already live nearby; therefore, the decision to buy a home in Tallahassee is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Tallahassee for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Tallahassee:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Tallahassee.

Reasons To Move To Tallahassee, Florida, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Tallahassee can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Tallahassee, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Tallahassee, FL


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