How much is a home worth in ZIP code 32308?

The typical home in 32308 is worth $338,126, based on the Zillow Home Value Index.

Are home values rising in 32308?

Home values in 32308 are up 0.1% over the past year, and up 4.1% a year over five years.

What is the typical rent in 32308?

A typical home in 32308 rents for about $1,603 a month, a gross rental yield of 5.7%.

What is the property tax rate in 32308?

The effective property tax rate in 32308 is 0.8% — roughly $2,591 a year on a typical home.

ZIP code 32308 has a population of 24,406 and a median household income of $77,967.

HousingHandbookReference data

…

U.S. ZIP Code · FL32308

Leon County · Tallahassee, FL

Typical home value

$338,126^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.1%
5-year / yr: +4.1%
10-year / yr: +4.9%

Relative price

vs U.S.: +19.0%
vs metro: +29.4%
vs state: -2.5%

Price history

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

The typical home in 32308 is worth $338,126 — 29.4% above the Tallahassee, FL median. Over the past year, values have risen 0.1%. Homes here rent for a typical $1,603 a month — a 5.7% 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: $1,603^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,591^[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: 24,406^[3]
Median household income: $77,967^[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: 6
Elementary: 4
Middle: 1
High: 1

LEON HIGH SCHOOL
High · Grades 9–12 · LEON
1,923 students
KATE SULLIVAN ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEON
744 students
ELIZABETH COBB MIDDLE SCHOOL
Middle · Grades 6–8 · LEON
680 students
W T MOORE ELEMENTARY SCHOOL
Elementary · Grades PK–5 · LEON
546 students
THE SCHOOL OF ARTS AND SCIENCES ON THOMASVILLE
Elementary · Grades K–8 · LEON
462 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.

Home value$Monthly rent$

Gross yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$19,234

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,710

Loan principal$270,501

Down payment$67,625

Total interest paid$345,009

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.38

Monthly cost to own$2,208

Monthly rent$1,603

Renting 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: 10th percentile^[1]
Rental yield: 22nd percentile^[2]
Property tax: 70th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32308?: The typical home in 32308 is worth $338,126, based on the Zillow Home Value Index.
Are home values rising in 32308?: Home values in 32308 are up 0.1% over the past year, and up 4.1% a year over five years.
What is the typical rent in 32308?: A typical home in 32308 rents for about $1,603 a month, a gross rental yield of 5.7%.
What is the property tax rate in 32308?: The effective property tax rate in 32308 is 0.8% — roughly $2,591 a year on a typical home.
Who lives in 32308?: ZIP code 32308 has a population of 24,406 and a median household income of $77,967.

#Comparable ZIPs

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

32311 vs 32308 →
Tallahassee, FL
Typical home
$332,686
Gross yield
6.2%
32344 vs 32308 →
Monticello, FL
Typical home
$304,888
Gross yield
—
32327
Crawfordville CDP, FL
Typical home
$289,196
Gross yield
7.1%
32309
Tallahassee, FL
Typical home
$397,865
Gross yield
4.3%
32358
Sopchoppy, FL
Typical home
$274,395
Gross yield
—
32333
Havana, FL
Typical home
$268,702
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 32308 against any other ZIP — full side-by-side table.

Compare 32308 →

#Jump to section

U.S. ZIP Code · FL32308

Get more data on ZIPs like this

Get more data on ZIPs like this