HousingHandbookReference data

U.S. ZIP Code · FL32301

Leon County · Tallahassee, FL

Typical home value

$207,625[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-1.1%
5-year / yr
+4.5%
10-year / yr
+5.7%

Relative price

vs U.S.
-26.9%
vs metro
-20.6%
vs state
-40.1%
ZIP 32301 location in FL
Location of ZIP 32301 in FL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 32301 is worth $207,625 — 20.6% below the Tallahassee, FL median. Over the past year, values have fallen 1.1%. Homes here rent for a typical $1,495 a month — a 8.6% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,495[2]
Gross yield
8.6%[2]
Cap rate
5.2%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.8%[3]
Typical annual tax
$1,602[3]

#Climate risk

FEMA National Risk Index ratings for Leon County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Very Low
Wildfire
Relatively Moderate
Drought
Very Low
Heat wave
Relatively Moderate
Hurricane
Relatively High
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
32,017[3]
Median household income
$50,942[3]

#Migration

Household moves in and out of Leon County over a year, from IRS tax-return data.

Net migration
-1,336[5]
Moved in
8,462
Moved out
9,798

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
0
High
2
  • JAMES RICKARDS HIGH SCHOOL

    High · Grades 9–12 · LEON

    1,575 students

  • FRANK HARTSFIELD ELEMENTARY SCHOOL

    Elementary · Grades PK–5 · LEON

    324 students

  • PACE CENTER FOR GIRLS

    High · Grades 6–12 · LEON

    58 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield8.6%
Net yield (after ~40% expenses)5.2%
Annual rent$17,938

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,050
Loan principal$166,100
Down payment$41,525
Total interest paid$211,851

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio0.91
Monthly cost to own$1,356
Monthly rent$1,495

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
30th percentile[1]
Rental yield
67th percentile[2]
Property tax
75th percentile[3]

Frequently asked

How much is a home worth in ZIP code 32301?
The typical home in 32301 is worth $207,625, based on the Zillow Home Value Index.
Are home values rising in 32301?
Home values in 32301 are down 1.1% over the past year, and up 4.5% a year over five years.
What is the typical rent in 32301?
A typical home in 32301 rents for about $1,495 a month, a gross rental yield of 8.6%.
What is the property tax rate in 32301?
The effective property tax rate in 32301 is 0.8% — roughly $1,602 a year on a typical home.
Who lives in 32301?
ZIP code 32301 has a population of 32,017 and a median household income of $50,942.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Quincy, FL

    Typical home
    $204,389
    Gross yield
  • Tallahassee, FL

    Typical home
    $197,253
    Gross yield
    9.0%
  • Tallahassee, FL

    Typical home
    $181,612
    Gross yield
    8.7%
  • Tallahassee, FL

    Typical home
    $241,513
    Gross yield
    7.3%
  • Quincy, FL

    Typical home
    $173,422
    Gross yield
  • Tallahassee, FL

    Typical home
    $168,474
    Gross yield
    9.8%

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