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Market MapTallahassee, FL
Metropolitan Area

Tallahassee, FL

Florida0
57
/100
Hold
#591 of 894 metros
Top 66% nationally for investing

Market Snapshot

$274,926
Median Home Price
13% above national median
$1,462/mo
Median Rent
6% above national median
6.38%
Rent-to-Price Ratio
Top 42% nationally
-$491
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

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

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$274,926
Down Payment (20%)$54,985
Loan Amount$219,941
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,462
Monthly P&I-$1,441
Est. Expenses (35%)-$512
Net Cash Flow-$491/mo
4.2%
Cap Rate (all cash)
-9.3%
Cash-on-Cash Return
6.38%
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
57/100
57
Cash Flow(30%)
64/100

Based on 6.38% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
44/100

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%)
71/100

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

  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-1.0% YoY)
  • -Negative cash flow at typical financing (-$491/mo)
  • -Negative leverage (cap rate 4.1% < mortgage rate 6.9%)

Counties in Tallahassee, FL

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Muncie, IN
Muncie, IN
77$160,460$1,0718.01%Strong BuyView
Binghamton, NY
Binghamton, NY
77$187,872$1,3958.91%Strong BuyView
Pottsville, PA
Pottsville, PA
77$155,836$1,1458.82%Strong BuyView
Wheeling, WV
Wheeling, WV
77$136,692$8927.83%Strong BuyView
Lima, OH
Lima, OH
77$182,758$1,2198.00%Strong BuyView
Current
Tallahassee, FL
57$274,926$1,4626.38%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 57/100, ranking #591 of 894 US metros (top 66%). The 6.38% 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
$-491/mo
Cap Rate
4.1%
Cash-on-Cash
-10.7%

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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