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:

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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%.

Economic Indicators
RegionPopulation
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 $4,5503.1%$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.

Tallahassee Economic Activity
ActivityValue (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 $4,550100%

Leon County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Tallahassee 181,376 $4,5503.1%$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.

Economic Indicators
RegionPopulation
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.

Tallahassee Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 745 0.84 5 $352,500 $105February 1st, 2014September 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 1,027 1.16 9 $171,000 $89March 1st, 2014August 1st, 2014
Health Care 11 0.01 0n/an/an/an/a
Hotel & Motel 550 0.62 2 $11,750,000 $68March 1st, 2014April 1st, 2014
Industrial 758 0.86 21 $611,400 $45January 1st, 2014September 1st, 2014
Miscellaneous Property 44 0.05 1 $450,000 $104March 1st, 2014March 1st, 2014
Mobile/Manufactured 7,207 8.14 195 $28,600 $20January 1st, 2014September 1st, 2014
Multifamily 2,731 3.08 102 $175,500 $45January 1st, 2014September 1st, 2014
Office 1,999 2.26 73 $300,000 $79January 1st, 2014September 1st, 2014
Residential 70,950 80.10 2,714 $137,500 $81January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 1,803 2.04 43 $600,000 $79January 1st, 2014October 1st, 2014
Senior Housing 19 0.02 1 $10,000,000 $166September 1st, 2014September 1st, 2014
Special Purpose 604 0.68 6 $520,900 $91April 1st, 2014July 1st, 2014
Sports & Entertaining 125 0.14 2 $857,500 $246June 1st, 2014September 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

Tallahassee Real Estate
Property UsageProperty CountTotal 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

Tallahassee Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
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
Heavy industrial 2014 $72$8 $45$6 $23$4
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
Parking lot (commercial or patron) or mobile home park 2012 $145$0 $68$0 $22$0
Poultry, bees, tropical fish, rabbits, etc. 2014 $324$43 $105$23 $25$15
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