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TALLAHASSEE REAL ESTATE MARKET OVERVIEW
Tallahassee offers one of the most affordable housing markets in Florida, with a cost of living that remains below state and national averages. Housing affordability, higher education institutions, and a strong sense of community, continues to attract first time buyers, families, retirees, and out of state buyers looking to relocate to North Florida.
Home prices in Tallahassee have increased steadily over the past several years, reflecting strong demand while still remaining accessible compared to many Florida metros. Buyers will find a wide range of options, from historic homes near downtown to newer construction in growing suburban neighborhoods.
SouthWood neighborhood golf course
Killearn Estates neighborhood pool
Front entrance sign at Ox Bottom
Country club pool in Summerbrooke
Betton Hills community greenspace & park
Lakefront views in Golden Eagle
TALLAHASSEE NEIGHBORHOODS
Tallahassee is home to more than 100 distinct neighborhoods and subdivisions. Some of the well known areas for homebuyers include:
- SouthWood
- Golden Eagle
- Ox Bottom
- Summerbrooke
- Betton Hills
- Killearn Estates
Each neighborhood offers a unique feel, with differences in home styles, lot sizes, amenities, and proximity to schools and shopping. The average year built across Tallahassee neighborhoods is the mid 1980s, though buyers will find everything from historic properties to modern, energy efficient homes.
TALLAHASSEE ZIP CODES
Tallahassee is divided into four primary quadrants: Northeast, Northwest, Southeast, and Southwest. Popular residential zip codes include:
32301, 32303, 32308, 32309, 32311, 32312, and 32317
Each zip code spans different neighborhoods and housing styles, so working with a local agent can help narrow your search based on lifestyle and commute preferences.
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NEW CONSTRUCTION HOMES IN TALLAHASSEE
As Tallahassee continues to grow, new construction homes remain a popular option for buyers seeking modern layouts, energy efficiency, and low maintenance living. New homes are available throughout the city, particularly in Northeast Tallahassee.
Benefits of buying new construction include:
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- Customizable floor plans and finishes
- Updated building standards and energy efficiency
- Lower maintenance costs
- Competitive resale value
While some buyers consider working directly with builders, having a local real estate agent on your side offers important advantages. A Coldwell Banker Hartung agent can provide insight into builder reputation, pricing trends, contract terms, and comparable sales, while guiding you through the entire process from contract to closing.
STUDENT HOUSING & INVESTMENT OPPORTUNITIES
With Florida State University, Florida A & M University, and Tallahassee State College, Tallahassee continues to be a strong market for student housing and real estate investment. The universities and colleges attract tens of thousands of students each year, creating consistent demand for rentals and nearby housing options.
Many buyers choose to purchase homes or condos near campus for long term investment, rental income, or future resale.
Benefits of investing in student housing in Tallahassee include:
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- Consistent rental demand driven by large student populations
- Opportunities for long-term appreciation
- Flexibility to rent, hold, or sell depending on market conditions
- Neighborhoods that appeal to both students and non-student renters
RENTING VS. BUYING IN TALLAHASSEE
Deciding whether to rent or buy a home in Tallahassee depends on your timeline, financial goals, and lifestyle. Many people choose to rent when relocating for work, attending school, or saving for a down payment, while others prefer the long term stability and equity that comes with homeownership.
Renting may make sense if you:
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- Are new to the area and want to explore neighborhoods
- Plan to stay short term or have a flexible timeline
- Are building savings or improving credit
Buying may be a good option if you:
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- Plan to stay in Tallahassee long term
- Want to build equity instead of paying rent
- Qualify for first time buyer or low down payment programs
If you are currently renting but unsure whether buying is realistic, a Coldwell Banker Hartung agent can help review your options and connect you with programs designed to make homeownership more accessible. When you’re ready, our team is here to guide you through the transition from renting to owning with confidence.
WHY BUY A HOME IN TALLAHASSEE
Tallahassee offers a unique combination of affordability, variety, and long term value that continues to attract homebuyers from across Florida and beyond. With a wide range of neighborhoods, home styles, and price points, buyers can find options that align with both lifestyle and budget.
From downtown condos and historic homes to newer construction in growing areas of the city, Tallahassee real estate provides flexibility for first time buyers, families, retirees, and investors alike.
Benefits of buying a home in Tallahassee include:
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- A diverse selection of homes across many neighborhoods
- Home prices that remain accessible compared to many Florida markets
- Opportunities for long term equity and stability
- Options for urban, suburban, and campus-adjacent living
Whether you’re looking for a low maintenance condo, a family home with space to grow, or a long term investment, a Coldwell Banker Hartung agent can help you navigate the market and find the right fit for your goals.
