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MarketsMarket MapTallahassee, FL
Metropolitan Area

Tallahassee, FL

Florida0
59
/100
Hold
#548 of 894 metros
Top 61% nationally for investing

Market Snapshot

$285,256
Median Home Price
12% above national median
$1,530/mo
Median Rent
10% above national median
6.44%
Rent-to-Price Ratio
Top 36% nationally
-$501
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$285,256
Down Payment (20%)$57,051
Loan Amount$228,205
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,530
Monthly P&I-$1,495
Est. Expenses (35%)-$536
Net Cash Flow-$501/mo
4.2%
Cap Rate (all cash)
-9.2%
Cash-on-Cash Return
6.44%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.2% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
59/100
59
Cash Flow(30%)
64/100

Based on 6.44% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
55/100

Based on 1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
69/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$501/mo)
  • -Negative leverage (cap rate 4.2% < mortgage rate 6.9%)

Counties in Tallahassee, FL

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Norwalk, OH
Norwalk, OH
79$198,411$1,4878.99%Strong BuyView
Dumas, TX
Dumas, TX
79$188,966Est.Strong BuyView
Marion, OH
Marion, OH
79$183,033$1,2678.31%Strong BuyView
Portsmouth, OH
Portsmouth, OH
79$144,773Est.Strong BuyView
Kinston, NC
Kinston, NC
79$156,285$1,0428.00%Strong BuyView
Current
Tallahassee, FL
59$285,256$1,5306.44%Hold

The Bottom Line

HoldTallahassee, FL is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Tallahassee, FL metro area scores 59/100, ranking #548 of 894 US metros (top 61%). The 6.44% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-501/mo
Cap Rate
4.2%
Cash-on-Cash
-10.5%

Ready to Invest in Tallahassee, FL?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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