Tallahassee 32304

Tallahassee, FL · Leon County, FL · 9,316 properties · updated 7/26/2026

Should you buy here?buyer-timing lens

45affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden

34%

stretched

Days on market

daily

Price cuts

24.0%

of active

Look up an address

/100

mixed

warming · seller slight · prices rising year-over-year.

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

Balanced Market

Needs 11.8% correction for affordability

DOM: 78d (stable) · Market Dynamics rolling median · hourly

Score Components

Payment Burden (25%)50

Valuation Gap (25%)10

Supply & Demand (20%)100

Buy vs Rent (15%)0

Cancellation Rate (10%)75

Days on Market (5%)75

Balanced market in 32304. List price is roughly fair — focus on condition and value. Payment burden: 33.3% of median income. Median days on market: 78.

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.

WARMINGSELLER SLIGHT

Market is warming with rising prices. Sellers hold a slight edge.

Address lookup$99 report path

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<iframe src="https://lotvox.com/embed/zip/32304" width="100%" height="300" style="border:0;border-radius:12px;overflow:hidden;max-width:640px" loading="lazy" title="Tallahassee 32304 — Lotvox market card"></iframe>
<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/tallahassee/zip/32304?utm_source=embed&utm_medium=backlink">Tallahassee 32304 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$168,790

▴ 0.4% YoY

Days on market

daily · zip_data

Median rent

$1,302

ZORI

Investor score

87/100

cash-flow lens

Active listings

132

90-day

Valuation3 lenses, different anchors

vs assessor

—

Market vs assessed value — a tax-roll lag, not a deal signal.

Avg assessor$0

county CAMA · properties_v

vs income

—

Fair-value model not available for this market.

fair_value_scores · 10-state coverage

vs county comps

+50.0%

County-wide market — the widest, slowest signal.

Leon+50.0%

Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.

Pricing detail

Price / sqft$152

Price-to-income5.5×

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How 32304 ranks in FL

percentile vs all FL ZIPs

Comparative ranking not available for this ZIP.

Affordability, supply & momentum

27SUPPLY

BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply24.0 mo

Days on Market69d

Inv vs History+7.1%

Listing Density7.1/1k

Market dynamics

Price cut %24.0%

Momentumwarming

LeverageSELLER SLIGHT

Months of supply24

Sales (90d)0

Investment analysis

Median rent$1,302

Price-to-rent10.2

Est. cap rate6.4%

Buy vs rentfavors buying

Livability

Walk score19

Transit score11

Bike score—

Historical trends

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Price bandsmix-shift

Price Bands — the median behind the median

A single median rises whenever expensive homes become a bigger share of what sells, even if no tier got more expensive. These are the tiers underneath it, computed from recorded arms-length deed transactions in Leon.

Current tiers · 12 months to Aug 25floor 10 sales/tier

5 tiers had too few sales in this ZIP and are shown at county or metro level — see the stamp on each row.

Tier	Median	$/sqft	Sales	Share	Source
Under $250k	$168k	$146	290	85.5%	ZIP
$250k–$500k	$290k	$148	41	12.1%	ZIP
$500k–$750k	$580k	$202	437	—	COUNTY · Leon, FL
$750k–$1M	$849k	$228	95	—	COUNTY · Leon, FL
$1M–$1.5M	$1.15M	$253	46	—	COUNTY · Leon, FL
$1.5M–$2M	$1.56M	$320	11	—	COUNTY · Leon, FL
$2M+	$2.94M	$242	20	—	COUNTY · Leon, FL
All sales (the headline median)	$180k	$146	339	100%	ZIP

No mix-shift history for this area. no geography from this ZIP up to metro has 8+ quarters of 10+ recorded arms-length sales across at least 4 price tiers. Trends are drawn only from recorded transactions; the last-sale snapshot above cannot carry a time series, because a property that sold twice keeps only its latest sale — which drags the history upward through the tiers and would invent the very mix shift this section exists to test for.

National context — not local

NAR's aggregate existing-home median for the United States and the South census region. This is the figure the tiers above are a check on. It is national/regional and says nothing about 32304.

United States
South

Copyright, National Association of Realtors. Reprinted with permission. Retrieved from FRED, Federal Reserve Bank of St. Louis. FRED publishes a rolling 13-month window for these series.

Tiers computed from Lotvox parcel and deed substrate through Aug 25 (10 later months withheld as partially loaded). Sample floor 10 sales per tier; below it a figure is drawn from the county or metro and labelled, or left blank. Multi-parcel bulk deeds and duplicate records are excluded.

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Leon County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

ZIP 32304→Leon County, FL

12-Month Direction

+5Stable

Confidence

100%

DeterioratingStableImproving

BuildersLens Market Intelligence

Market Score

40· Weak

Market Score grades housing-market conditions (affordability, valuation, supply). The county Healthy/Moderate/Distressed badge measures economic distress (jobs, debt, poverty) — the two can read differently.

Payment Burden53

28.3%

stretched

Source: Lotvox · Updated 2026-05-15

Buy vs Rent39

1.421x

rent advantage

Source: Lotvox · Updated 2026-05-15

Valuation24

+50%

overvalued

Source: Lotvox comps · Updated 2026-05-15