Tallahassee Florida Residential Rent and Rental Statistics
The median monthly gross residential rent in Tallahassee, FL (the Tallahassee metro area) was $982 in 2019 according to the Census ACS survey.1 Average gross rent in Tallahassee was $983 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Tallahassee median and average rent data will be released in September of 2021.
Data is also available below for Tallahassee rental vacancy rates, Tallahassee rent as a percent of median income and the fraction of renters in Tallahassee.
Real Gross Rent in Tallahassee Florida (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Florida Median Gross Rent | $1,238 | +2.91% | +8.88% |
| Tallahassee, FL Median Gross Rent | $982 | +2.94% | -0.51% |
Tallahassee, FL Real Gross Rent Trends
Median gross rent for Tallahassee peaked in real terms in 2017 at $1,007 and is now $25 (2.48%) lower. Average gross rent for Tallahassee peaked in real terms in 2017 at $1,005 and is now $22 (2.19%) lower.
Real Gross Rent in Tallahassee: Tallahassee FL Median, Tallahassee FL Average, Florida Median, US Median
Real Gross Rent History for Tallahassee
| Date | US Median |
Florida Median |
Tallahassee, FL Median |
Tallahassee, FL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,238 | $982 | $983 |
| 2018 | $1,077 | $1,203 | $954 | $945 |
| 2017 | $1,043 | $1,163 | $1,007 | $1,005 |
| 2016 | $1,027 | $1,137 | $987 | $981 |
| 2015 | $1,017 | $1,110 | $959 | $955 |
| 2014 | $986 | $1,059 | $949 | $973 |
| 2013 | $953 | $1,024 | $890 | $917 |
| 2012 | $940 | $1,015 | $927 | $957 |
| 2011 | $941 | $1,025 | $968 | $976 |
| 2010 | $955 | $1,058 | $999 | $941 |
| 2009 | $960 | $1,085 | $951 | $953 |
| 2007 | $927 | $1,087 | $955 | $939 |
| 2005 | $910 | $1,011 | $893 | $890 |
Tallahassee Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Tallahassee Florida was 5.83% according to Census ACS data.
Rental Vacancy Rate in Tallahassee Florida
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Florida | 8.72% | +0.20% | +0.42% |
| Tallahassee, FL | 5.83% | -1.89% | +0.73% |
Trends in Tallahassee, FL Rental Vacancy Rate
The rental vacancy rate in Tallahassee peaked in 2008 at 11.42%. Since then it has fallen by 5.59% to 5.83%. Data records for this series originated in 2005. From a 2016 post peak low of 5.10%, the rental vacancy rate has increased by 0.73%.
Rental Vacancy Rate: Tallahassee FL, Florida, US
Historical Rental Vacancy Rate data for Tallahassee
| Date | US | Florida | Tallahassee, FL |
|---|---|---|---|
| 2019 | 5.97% | 8.72% | 5.83% |
| 2018 | 6.15% | 8.52% | 7.72% |
| 2017 | 6.18% | 9.16% | 7.57% |
| 2016 | 5.89% | 8.30% | 5.10% |
| 2015 | 5.85% | 7.79% | 5.99% |
| 2014 | 6.32% | 8.66% | 5.19% |
| 2013 | 6.49% | 9.22% | 6.60% |
| 2012 | 6.77% | 9.37% | 9.11% |
| 2011 | 7.40% | 10.91% | 7.11% |
| 2010 | 8.17% | 12.17% | 10.80% |
| 2009 | 8.43% | 13.16% | 8.92% |
| 2007 | 7.87% | 11.55% | 8.09% |
| 2005 | 7.74% | 7.72% | 7.11% |
Rent as a Fraction of Income
Using median household income data for Tallahassee, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Tallahassee, median monthly gross rent as a fraction of median household income was 22.35% in 2019 according to the ACS.
Tallahassee Florida Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Florida | 25.08% | -0.49% | -0.54% |
| Tallahassee, FL | 22.35% | +0.16% | +0.01% |
Trends in Tallahassee, FL Rent as a Fraction of Income
The fraction of median Tallahassee household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 25.84%. Since then it has fallen by 3.50% to 22.35%.
Fraction of Income towards Rent: Tallahassee FL, Florida, US
Historical Data for Annual Rent as a Fraction of Income in Tallahassee Florida
| Date | US | Florida | Tallahassee, FL |
|---|---|---|---|
| 2019 | 20.03% | 25.08% | 22.35% |
| 2018 | 20.50% | 25.57% | 22.19% |
| 2017 | 20.13% | 25.74% | 23.07% |
| 2016 | 20.43% | 25.62% | 22.34% |
| 2015 | 20.63% | 25.40% | 24.49% |
| 2014 | 20.89% | 25.36% | 24.38% |
| 2013 | 20.78% | 25.34% | 22.83% |
| 2012 | 20.65% | 25.42% | 23.37% |
| 2011 | 20.70% | 25.71% | 24.46% |
| 2010 | 20.50% | 25.59% | 25.84% |
| 2009 | 20.12% | 25.54% | 25.04% |
| 2007 | 18.66% | 23.22% | 20.81% |
| 2005 | 18.89% | 22.88% | 20.24% |
Renter Fraction in Tallahassee Florida
You can calculate the renter fraction in Tallahassee in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Tallahassee as a fraction of total Tallahassee households. In 2019 42.11% of households were renters according to Census ACS data.
Tallahassee Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Florida | 33.75% | -0.33% | -2.12% |
| Tallahassee, FL | 42.11% | +1.22% | -1.05% |
Trends in the Tallahassee, FL Renter Fraction
The Tallahassee household renter fraction peaked in in 2014 at 45.06% and is now 2.95% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Tallahassee FL, Florida, US
History of Tallahassee Renter Fraction
| Date | US | Florida | Tallahassee, FL |
|---|---|---|---|
| 2019 | 35.89% | 33.75% | 42.11% |
| 2018 | 36.05% | 34.08% | 40.89% |
| 2017 | 36.13% | 34.85% | 40.76% |
| 2016 | 36.88% | 35.87% | 43.16% |
| 2015 | 36.97% | 36.22% | 43.15% |
| 2014 | 36.90% | 35.95% | 45.06% |
| 2013 | 36.50% | 35.21% | 44.66% |
| 2012 | 36.09% | 34.36% | 41.32% |
| 2011 | 35.42% | 33.28% | 41.20% |
| 2010 | 34.65% | 31.85% | 40.17% |
| 2009 | 34.13% | 31.52% | 42.71% |
| 2007 | 32.80% | 29.39% | 37.49% |
| 2005 | 33.10% | 30.43% | 36.21% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Florida
- / Tallahassee
