The typical Tallahassee home was worth $294,444 in August 2026, up 1.4% in a year, per Zillow. Metro prices rose 5% in a year by FHFA's index.
Last checked Oct. 10, 2026. Refreshed monthly. Figures come from Zillow Research (data through August 2026) and the Federal Housing Finance Agency (data through the second quarter of 2026).
The typical Tallahassee home was worth $294,444 in August 2026, according to the Zillow Home Value Index for the city. That is up 1.4% from $290,281 in August 2025. Values have been close to flat since 2023, after jumping about 27% between August 2020 and August 2022.
What this means for you
- Prices are rising slowly, not falling. Buyers have had three years of roughly flat values.
- Your own assessed value is set by the Leon County Property Appraiser, 850-606-6200, not by these indexes. See Leon County property taxes.
- Values differ widely by ZIP code: the highest is more than twice the lowest.
The numbers
| Measure | Latest | A year earlier | Change |
|---|---|---|---|
| Typical home value, city (Zillow, August) | $294,444 | $290,281 | +1.4% |
| Typical rent, city (Zillow, August) | $1,470 a month | $1,448 a month | +1.5% |
| House Price Index, Tallahassee metro (FHFA, 2nd quarter) | 349.98 | 333.30 | +5.0% |
The Zillow index is a typical value of all homes, smoothed and seasonally adjusted. The FHFA index measures price changes on repeat sales of the same houses across the Tallahassee metro area, not just the city. The two measure different things, so they rarely match.
Home values over 10 years
| August | Typical value |
|---|---|
| 2015 | $168,206 |
| 2018 | $195,939 |
| 2020 | $219,402 |
| 2022 | $278,324 |
| 2024 | $293,939 |
| 2025 | $290,281 |
| 2026 | $294,444 |
The FHFA metro index tells the same story over a longer stretch: 180.68 in the second quarter of 2016 and 349.98 in the second quarter of 2026, nearly double.
By ZIP code
Zillow’s Home Value Index for the residential ZIP codes that cover most of the city, August 2026:
| ZIP code | Typical value | Change in a year |
|---|---|---|
| 32312 | $454,613 | +0.8% |
| 32309 | $400,007 | +2.7% |
| 32308 | $341,563 | +1.9% |
| 32311 | $328,560 | +1.1% |
| 32303 | $239,971 | +1.9% |
| 32301 | $211,953 | 0.0% |
| 32310 | $181,703 | +2.9% |
| 32304 | $168,207 | +0.2% |
ZIP codes cross the city limits, so these include some homes in unincorporated Leon County.
How to read these figures
- Zillow’s index is not a sale price. It estimates the middle value of all homes, sold or not.
- The FHFA index is a trend, not a dollar amount. It compares sale prices of the same houses over time, using mortgages backed by Fannie Mae and Freddie Mac.
- Recent sales: our real estate transfers page lists recorded sales in Leon County.
Area by area: our Tallahassee neighborhoods guide has ZIP code home values, zoned schools and commutes for 10 parts of town.
Related: Leon County property taxes, Tallahassee population and growth and moving to Tallahassee.
Frequently asked questions
What is the average home price in Tallahassee?
Zillow’s Home Value Index puts the typical Tallahassee home at $294,444 in August 2026, up 1.4% from $290,281 a year earlier.
Are home prices going up in Tallahassee?
Slowly. Zillow’s city index rose 1.4% in the year to August 2026. FHFA’s repeat-sales index for the Tallahassee metro rose 5% from the second quarter of 2025 to the second quarter of 2026.
How much is rent in Tallahassee?
Zillow’s Observed Rent Index for Tallahassee was $1,470 a month in August 2026, compared with $1,448 in August 2025.
Which Tallahassee ZIP code has the highest home values?
32312, at $454,613 in August 2026 by Zillow’s index, followed by 32309 at $400,007. The lowest was 32304, at $168,207.
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