Each Tallahassee Zip Code Has It's Own Housing Market

Average Home Prices By Zip Code

If you are curious about what it costs to live in each Tallahassee zip code, then this graph is just what you need. It shows each active zip code and its corresponding average home price in Tallahassee.

It’s not surprising that the highest-priced homes are in NE Tallahassee zip codes, as that has been the standard for many years.

You might find it alarming to find that the average home price in the 32312 zip code is approaching $400K, truly a milestone for Tallahassee. On the other hand, you can still get a home for $100K in the 32304 zip code, where the average is just over $116K.

Annual Appreciation By Zip Code

Before this year began, I warned that home appreciation would be in the double-digits, with the possibility of it surpassing 20%! Here’s where we stand through May.

First of all, this graph DOES measure annual appreciation, not just the appreciation thus far in 2021. It compares the average price per square foot of existing homes sold from January through May in 2021 with those sold from January through May of 2020.

The 32310 zip code is on fire, with the average home value up 26.5% since a year ago. The 32305 zip code is soaring higher too, with values up nearly 21%. The rest of Tallahassee has “only” seen gains from 9% to 17%, but inventory shortages could very well accelerate these values further.

Next, let’s see how each zip code has performed since the market bottomed in 2012.