Home Values

Tallahassee Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$154,300

  • 2.3% 1-year change
  • 2.7% 1-year forecast

The median home value in Tallahassee is $154,300. Tallahassee home values have gone up 2.3% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Tallahassee is $106, which is higher than the Tallahassee Metro average of $102. The median price of homes currently listed in Tallahassee is $159,900 while the median price of homes that sold is $158,350. The median rent price in Tallahassee is $900, which is the same as the Tallahassee Metro median of $900.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Tallahassee is 7.1%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Tallahassee homeowners underwater on their mortgage is 24.2%, which is lower than Tallahassee Metro at 26.4%.

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Relative ZHVI
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Tallahassee Market Overview

Data through Feb 28, 2015
  • $154,300 ZHVI
  • 2.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $159,900 Median listing price
  • $158,350 Median sale price
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Tallahassee Market Health

Data through Feb 28, 2015
  • 0.7/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 24.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Panacea $222,800
Crawfordville $130,300
Sopchoppy $124,800
Name Median ZHVI
Havana $121,000
Midway $97,200
Quincy $70,200
Name Median ZHVI
Chattahoochee $50,500
 
 

Listings & Sales

Data through Feb 28, 2015
  • $106 Median list price / sq ft
  • $104 Median sale price / sq ft
  • 13.2% Listings with price cut
46.4%
Sold below listing
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Tallahassee Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,209 Tallahassee
    $1,186 Tallahassee Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $900 Rent list price
  • $0.82 Rent list price / sq ft
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