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Tallahassee city, FL

ZIP 32312 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32312

Median Home Value
$406,200
Median Rent
$1,323
Affordability Snapshot
$112,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,609/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32312 in Tallahassee city, FL, a household would need roughly $112,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,609. That is roughly in line with the local median household income ($119,664). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.2%+29% vs US avg
x
Vacancy Rate
6.7%-35% vs US avg
x
Broadband Access
96.1%+10% vs US avg
x
4+ Bedrooms
6.7%-55% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
31.1%-38% vs US avg
x
Mortgage-Free
35.7%-6% vs US avg
x
$406,200
Home Value
$1,323
Rent
1993
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached87.7%
  • 1-unit attached2.8%
  • 2-9 units2.5%
  • 10+ units5.4%
  • Mobile home & other1.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$406,200
Median rent$1,323
Owner-occupied84.2%
Vacant6.7%
Price-to-income3.4x
Est. income to buy$112,000