Market Overview
Home Prices in Tallahassee, FL
The median home value in Tallahassee, FL is $298,194 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tallahassee are priced27% below average. Tallahassee is part of the Tallahassee, FL metro area.
Over the past five years, Tallahassee home values have risen by approximately22.1%, reflecting strong long-term appreciation in this market.
Price History
Tallahassee Home Price Trend
City Comparison
Tallahassee vs. National Median
At $298,194, homes in Tallahassee cost 27% below the national median of $410,000. This makes Tallahassee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tallahassee?
20% Down Payment
$59,639
on $298,194
Monthly P&I
$1,555/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,975/mo
incl. taxes & insurance
Income Needed
$79,000
gross annual (30% rule)
10% Down Option
$29,819
+ PMI applies
Loan Amount (20% dn)
$238,555
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Tallahassee, FL?
The median home value in Tallahassee is $298,194 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Tallahassee?
Over the past year, home values in Tallahassee have increased by 1.1%. Over five years, prices have risen approximately 22.1%.
How much do I need to earn to buy a home in Tallahassee?
To comfortably afford the median home price of $298,194 with a 20% down payment ($59,639) at today's rates (6.8%), you'd need a gross annual income of approximately $79,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Tallahassee compare to the national average home price?
The national median home value is approximately $410,000. At $298,194, homes in Tallahassee are 27% below the national average.
What metro area is Tallahassee part of?
Tallahassee is part of the Tallahassee, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.