Tallahassee, Florida
Leon County Real Estate - Tallahassee
Tallahassee
Tallahassee is the seventh most populous city in Florida and serves as the state's capital. Tallahassee is located in Leon County. Much of Tallahassee's economy revolves around the city's numerous colleges and universities, including Florida State University and Florida A&M University. Trade and agriculture are also central to Tallahassee's economy. Tallahassee is a regional center for scientific research. The largest and highest powered magnet research laboratory in the world, National High Magnetic Field Laboratory, is located in Tallahassee. Top employers for Tallahassee are State of Florida, Florida State University, Leon County Schools, Tallahassee Memorial Healthcare, and City of Tallahassee.
Tallahassee is in North West Florida. It's population as recorded in the 2010 Census was 181,376.
The median age for residents of Tallahassee is 26.1. Around 23.5% of Tallahassee households include school aged children and 15% of households include individuals aged 65 years or over. Census records indicate 57.4% of the Tallahassee population are White, 34.9% are Black or African American, .2% American Indian, 3.6% Asian and 2.3% are Two or more Races.
There are 84,248 housing units in Tallahassee. 9,433 (11.1%) of these were reported as vacant in the 2010 Census. There are 49,757 residential rental units in Tallahassee. 43,829 of them were occupied in 2010 providing a residential rental vacancy rate of 11.6%.
Tallahassee links:
Tallahassee is located in Leon County. It has a population of approximately 181,376 people. The population increased 3.1% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 3.0% for Leon County and a 1.7% increase for the country as a whole. Tallahassee occupies 100.25 of the 666.85 square miles in Leon County. It had a population density of 1809.3 persons per square mile in 2010. This compared to 413.1 for the county, 350.6 for Florida and 87.4 for the country.
67.6% ( 84,248) of the 124,701 housing units in Leon County are in Tallahassee (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Tallahassee has a 42.6% homeownership rate compared to Leon County's 55.0% homeownership rate and Florida's rate of 69.0%.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 18,801,310 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Leon County | 275,487 | $5,470 | 3.0% | $45,827 | 124,701 | $195,300 |
| Tallahassee | 181,376 | $4,550 | 3.1% | $38,972 | 84,248 | $191,400 |
Tallahassee's medium household income in 2011 was $38,972. Leon County's medium household income was $45,827, which is lower than the medium income for Florida as a whole: $47,827. 29.4% of the population in Tallahassee lives below the poverty line, compared to 14.7% in Florida, 22.3% of the population in Leon County and 14.3% nationwide. Additional Information:
Tallahassee Economic Activity
The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Tallahassee. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $4,550 million, Tallahassee's economic activity represents 83.18% of Leon County's $5,470MM in economic activity. Leon County represents 0.87% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $574 | 12.6% |
| Merchant wholesaler sales | $534 | 11.7% |
| Retail sales | $2,928 | 64.3% |
| Accommodation and food services sales | $514 | 11.3% |
| Total | $4,550 | 100% |
Leon County Regional Comparisons
| City | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Tallahassee | 181,376 | $4,550 | 3.1% | $38,972 | 84,248 | $191,400 |
Leon County is located in Northwest Florida. This region is responsible for 4.6% of Florida's economic activity. Leon County represents 19.0% of the region's economy.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Escambia County | 297,619 | $8,505 | 1.7% | $43,707 | 136,551 | $145,000 |
| Santa Rosa County | 151,372 | $1,467 | 4.7% | $55,913 | 65,728 | $173,400 |
| Okaloosa County | 180,822 | $4,417 | 5.1% | $54,140 | 92,394 | $196,800 |
| Walton County | 55,043 | $1,223 | 4.6% | $46,926 | 45,682 | $174,000 |
| Holmes County | 19,927 | $81 | -0.6% | $33,510 | 8,649 | $86,800 |
| Jackson County | 49,746 | $836 | -1.6% | $39,869 | 21,011 | $97,200 |
| Washington County | 24,896 | $195 | 0.0% | $37,036 | 10,864 | $96,600 |
| Bay County | 168,852 | $4,852 | 1.8% | $48,225 | 99,828 | $168,400 |
| Calhoun County | 14,625 | $74 | 0.7% | $31,142 | 6,069 | $80,200 |
| Liberty County | 8,365 | $28 | -1.1% | $40,893 | 3,362 | $80,600 |
| Gulf County | 15,863 | $95 | -0.9% | $41,291 | 9,148 | $150,600 |
| Franklin County | 11,549 | $130 | 1.2% | $37,017 | 8,665 | $170,100 |
| Gadsden County | 46,389 | $1,106 | -2.6% | $33,453 | 19,561 | $109,000 |
| Leon County | 275,487 | $5,470 | 3.0% | $45,827 | 124,701 | $195,300 |
| Jefferson County | 14,761 | $139 | -3.4% | $42,096 | 6,727 | $125,000 |
| Wakulla County | 30,776 | $195 | 0.1% | $54,151 | 12,721 | $136,900 |
| Total | 1,400,233 | $28,814 | 0.8% | $42,825 | 671,661 | $136,619 |
Tallahassee Real Estate
There are 88,573 properties in Tallahassee. The following table shows a summary of them based on 2014 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Agricultural | 745 | 0.84 | 5 | $352,500 | $105 | February 1st, 2014 | September 1st, 2014 |
| Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Government Property | 1,027 | 1.16 | 9 | $171,000 | $89 | March 1st, 2014 | August 1st, 2014 |
| Health Care | 11 | 0.01 | 0 | n/a | n/a | n/a | n/a |
| Hotel & Motel | 550 | 0.62 | 2 | $11,750,000 | $68 | March 1st, 2014 | April 1st, 2014 |
| Industrial | 758 | 0.86 | 21 | $611,400 | $45 | January 1st, 2014 | September 1st, 2014 |
| Miscellaneous Property | 44 | 0.05 | 1 | $450,000 | $104 | March 1st, 2014 | March 1st, 2014 |
| Mobile/Manufactured | 7,207 | 8.14 | 195 | $28,600 | $20 | January 1st, 2014 | September 1st, 2014 |
| Multifamily | 2,731 | 3.08 | 102 | $175,500 | $45 | January 1st, 2014 | September 1st, 2014 |
| Office | 1,999 | 2.26 | 73 | $300,000 | $79 | January 1st, 2014 | September 1st, 2014 |
| Residential | 70,950 | 80.10 | 2,714 | $137,500 | $81 | January 1st, 2014 | September 1st, 2014 |
| Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Retail | 1,803 | 2.04 | 43 | $600,000 | $79 | January 1st, 2014 | October 1st, 2014 |
| Senior Housing | 19 | 0.02 | 1 | $10,000,000 | $166 | September 1st, 2014 | September 1st, 2014 |
| Special Purpose | 604 | 0.68 | 6 | $520,900 | $91 | April 1st, 2014 | July 1st, 2014 |
| Sports & Entertaining | 125 | 0.14 | 2 | $857,500 | $246 | June 1st, 2014 | September 1st, 2014 |
Agricultural Real Estate in Tallahassee, Florida
745( .84%) of the properties in Tallahassee are classified as Agricultural. 5 of them sold between February 1st, 2014 and September 1st, 2014. The total value of these sales was $1,931,600. The median sales price was $352,500. In 2014 the median sales price for Agricultural in Tallahassee was $105 per sq ft.
Commercial Real Estate in Tallahassee, Florida
0( .00%) of the properties in Tallahassee are classified as Commercial.
Government Real Estate in Tallahassee, Florida
1,027( 1.16%) of the properties in Tallahassee are classified as Government. 9 of them sold between March 1st, 2014 and August 1st, 2014. The total value of these sales was $2,569,200. The median sales price was $171,000. In 2014 the median sales price for Government Property in Tallahassee was $89 per sq ft.
Health Care Real Estate in Tallahassee, Florida
11( .01%) of the properties in Tallahassee are classified as Health Care.
Hotel & Motel Real Estate in Tallahassee, Florida
550( .62%) of the properties in Tallahassee are classified as Hotel & Motel. 2 of them sold between March 1st, 2014 and April 1st, 2014. The total value of these sales was $23,500,000. The median sales price was $11,750,000. In 2014 the median sales price for Hotel & Motel in Tallahassee was $68 per sq ft.
Industrial Real Estate in Tallahassee, Florida
758( .86%) of the properties in Tallahassee are classified as Industrial. 21 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $18,707,100. The median sales price was $611,400. In 2014 the median sales price for A Class Industrial in Tallahassee was $72 per sq ft, B Class properties sold for $45/ft and C Class $18/ft.
Miscellaneous Real Estate in Tallahassee, Florida
44( .05%) of the properties in Tallahassee are classified as Miscellaneous. 1 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $450,000. The median sales price was $450,000. In 2014 the median sales price for Miscellaneous Property in Tallahassee was $104 per sq ft.
Mobile/Manufactured Real Estate in Tallahassee, Florida
7,207( 8.14%) of the properties in Tallahassee are classified as Mobile/Manufactured. 195 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $6,613,900. The median sales price was $28,600. In 2014 the median sales price for A Class Mobile/Manufactured in Tallahassee was $41 per sq ft, B Class properties sold for $20/ft and C Class $6/ft.
Multifamily Real Estate in Tallahassee, Florida
2,731( 3.08%) of the properties in Tallahassee are classified as Multifamily. 102 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $282,007,600. The median sales price was $175,500. In 2014 the median sales price for A Class Multifamily in Tallahassee was $96 per sq ft, B Class properties sold for $45/ft and C Class $12/ft.
Office Real Estate in Tallahassee, Florida
1,999( 2.26%) of the properties in Tallahassee are classified as Office. 73 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $49,253,700. The median sales price was $300,000. In 2014 the median sales price for A Class Office in Tallahassee was $166 per sq ft, B Class properties sold for $79/ft and C Class $31/ft.
Residential Real Estate in Tallahassee, Florida
70,950( 80.10%) of the properties in Tallahassee are classified as Residential. 2,714 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $457,536,476. The median sales price was $137,500. In 2014 the median sales price for A Class Residential in Tallahassee was $116 per sq ft, B Class properties sold for $81/ft and C Class $25/ft.
Residential Real Estate in Tallahassee, Florida
0( .00%) of the properties in Tallahassee are classified as Residential.
Retail Real Estate in Tallahassee, Florida
1,803( 2.04%) of the properties in Tallahassee are classified as Retail. 43 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $55,719,300. The median sales price was $600,000. In 2014 the median sales price for A Class Retail in Tallahassee was $292 per sq ft, B Class properties sold for $79/ft and C Class $8/ft.
Senior Housing Real Estate in Tallahassee, Florida
19( .02%) of the properties in Tallahassee are classified as Senior Housing. 1 of them sold between September 1st, 2014 and September 1st, 2014. The total value of these sales was $10,000,000. The median sales price was $10,000,000. In 2014 the median sales price for Senior Housing in Tallahassee was $166 per sq ft.
Special Purpose Real Estate in Tallahassee, Florida
604( .68%) of the properties in Tallahassee are classified as Special Purpose. 6 of them sold between April 1st, 2014 and July 1st, 2014. The total value of these sales was $3,259,800. The median sales price was $520,900. In 2014 the median sales price for Special Purpose in Tallahassee was $91 per sq ft.
Sports & Entertaining Real Estate in Tallahassee, Florida
125( .14%) of the properties in Tallahassee are classified as Sports & Entertaining. 2 of them sold between June 1st, 2014 and September 1st, 2014. The total value of these sales was $1,715,000. The median sales price was $857,500. In 2014 the median sales price for Sports & Entertaining in Tallahassee was $246 per sq ft.
Tallahassee, Leon County Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 794 | 1,765,359 |
| Government Property | 1,031 | 38,635,625 |
| Health Care | 8 | 685,258 |
| Hotel & Motel | 544 | 3,194,165 |
| Industrial | 737 | 10,993,484 |
| Land | 7,796 | 5,693,641 |
| Miscellaneous Property | 85 | 2,015,988 |
| Mobile/Manufactured | 7,029 | 10,033,798 |
| Multifamily | 2,650 | 34,540,230 |
| Office | 1,994 | 16,575,138 |
| Residential | 73,715 | 144,090,249 |
| Retail | 1,765 | 19,480,386 |
| Senior Housing | 19 | 871,927 |
| Special Purpose | 582 | 5,519,310 |
| Sports & Entertaining | 71 | 696,604 |
Tallahassee Median Property Values per Sq Ft
| Property Class | Class A | Class B | Class C | ||||
|---|---|---|---|---|---|---|---|
| Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
| Airport (private or commercial), bus terminal, marine terminal, pier or marina. | 2016 | $218 | $16 | $106 | $12 | $55 | $9 |
| Auto sales, auto repair and storage or auto service shop | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Bowling alley, skating rink, pool hall or enclosed arena | 2016 | $932 | $15 | $243 | $7 | $243 | $0 |
| Centrally assessed | 2016 | $69 | $42 | $69 | $15 | $69 | $6 |
| Church | 2016 | $243 | $16 | $55 | $12 | $25 | $9 |
| Club, lodge or union hall | 2016 | $243 | $16 | $55 | $12 | $25 | $9 |
| College | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Community Shopping Center | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Condominium | 2016 | $149 | $16 | $61 | $16 | $46 | $16 |
| County Owned | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Cropland soil capability Class I | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Cropland soil capability Class II | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Cultural organization, facility | 2016 | $243 | $16 | $55 | $12 | $25 | $9 |
| Department Store | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Drive-in Restaurant | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Enclosed theater or auditorium | 2016 | $932 | $15 | $243 | $7 | $243 | $0 |
| Federal Owned | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Financial institution (bank, saving and loan company, mortgage company, credit services) | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Forest, park or recreational area | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Golf course or driving range | 2016 | $932 | $15 | $243 | $7 | $243 | $0 |
| Government Undefined | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Grazing land soil capability Class I | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Grazing land soil capability Class II | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Grazing land soil capability Class III | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Grazing land soil capability Class IV | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Home for the aged | 2016 | $243 | $15 | $55 | $10 | $25 | $9 |
| Hospital | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Hotel or motel | 2016 | $151 | $33 | $83 | $33 | $82 | $33 |
| Improved agricultural | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Light manufacturing | 2016 | $151 | $8 | $83 | $6 | $82 | $4 |
| Lumber yard, sawmill or planing mill | 2016 | $151 | $8 | $83 | $6 | $82 | $4 |
| Military | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Miscellaneous Residential (migrant camp or boarding home.) | 2016 | $138 | $33 | $138 | $33 | $138 | $33 |
| Mixed use - store and office or store and residential or residential combination | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Mobile Home | 2016 | $44 | $6 | $23 | $6 | $14 | $6 |
| Mortuary, cemetery or crematorium | 2016 | $243 | $16 | $55 | $12 | $25 | $9 |
| Multi-family - 10 units or more | 2016 | $150 | $10 | $62 | $9 | $56 | $7 |
| Multi-family - less than 10 units | 2016 | $152 | $10 | $63 | $9 | $38 | $7 |
| Municipal Owned | 2016 | $69 | $27 | $69 | $15 | $69 | $8 |
| Nightclub, cocktail lounge or bar | 2016 | $932 | $15 | $243 | $7 | $243 | $0 |
| Office building, non-professional service building, multi-story | 2016 | $218 | $17 | $106 | $14 | $55 | $10 |
| Office building, non-professional service building, one story | 2016 | $226 | $17 | $111 | $14 | $70 | $10 |
| Open storage (building supplies, auto wrecking, fuel, equipment or material storage) | 2016 | $116 | $8 | $40 | $6 | $20 | $4 |
| Orchard Groves, Citrus, etc. | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Ornamentals, miscellaneous agricultural | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Orphanage, other non-profit or charitable services | 2016 | $243 | $16 | $55 | $12 | $25 | $9 |
| Private school or college | 2016 | $243 | $16 | $55 | $12 | $25 | $9 |
| Privately owned hospital | 2016 | $243 | $25 | $55 | $17 | $25 | $11 |
| Professional service building | 2016 | $218 | $17 | $106 | $14 | $55 | $10 |
| Public county school | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Regional Shopping Center | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Repair service shop (excluding automotive) | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Restaurant, cafeteria | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Retirement Home not eligible for exemption. | 2016 | $138 | $15 | $138 | $10 | $138 | $9 |
| Service station | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Single Family | 2016 | $122 | $16 | $91 | $16 | $52 | $16 |
| State Owned | 2016 | $243 | $27 | $55 | $15 | $25 | $8 |
| Store, one story | 2016 | $523 | $27 | $95 | $14 | $34 | $8 |
| Supermarket | 2016 | $551 | $27 | $122 | $14 | $45 | $8 |
| Timberland - site index 50 to 59 | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Timberland - site index 60 to 69 | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Timberland - site index 70 to 79 | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Timberland - site index 80 to 89 | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Timberland - site index 90 and above | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Timberland not classified by site index to Pines | 2016 | $138 | $37 | $29 | $20 | $21 | $9 |
| Tourist attraction, permanent exhibit or other entertainment facilities | 2016 | $932 | $15 | $243 | $7 | $243 | $0 |
| Undefined - Reserved for Use by Department of Revenue | 2016 | $152 | $16 | $63 | $16 | $38 | $16 |
| Utility | 2016 | $69 | $42 | $69 | $15 | $69 | $6 |
| Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2016 | $116 | $8 | $40 | $6 | $20 | $4 |