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Tallahassee, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,482
Monthly Cash Flow
-$476
Principal + Equity
$1,560
Annual Total Gain
$13,001
Cash on Cash
-7.92%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$191
Occupancy Rate
44.83%
Monthly Revenue
$1,716
Monthly Cash Flow
-$500
Principal + Equity
$1,560
Annual Total Gain
$12,722
Cash on Cash %
-8.3%
Net ROI %
Market Health & Growth
Median Income
$55,931
Population
199,696
LTR Renter %
60.49%
Forecast (1 yr)
0.55%
Appreciation (1 yr)
-1.11%
Appreciation (5 yr)
31.05%
Appreciation (10 yr)
71.79%
Job Growth
1.81%
LTR Rentability
High
STR Demand
39
STR Rentals
1,325
Top Public Schools
AFlorida State University School
A-Lawton Chiles High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#52out of 229 markets
Best Cities to Raise a Family in America
#67out of 229 markets
Cities with the Best Public Schools in America
#58out of 229 markets
B
Public School
D
Crime And Safety
C
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Tallahassee, FL.
In Tallahassee, FL, Short Term Rental (STR) regulations are primarily governed by the city's Land Development Code. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Tallahassee:
1. Zoning Restrictions: The city of Tallahassee has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits Short Term Rentals.
2. Licensing and Permitting: In order to operate a Short Term Rental in Tallahassee, property owners are required to obtain a Short Term Rental license from the city. This license must be renewed annually and may require an inspection of the property.
3. Occupancy Limits: Tallahassee has occupancy limits for Short Term Rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Noise and Nuisance Regulations: Tallahassee has noise and nuisance regulations that apply to Short Term Rentals. Property owners are responsible for ensuring that their guests do not disturb neighbors and comply with noise ordinances.
5. Taxation: Short Term Rentals in Tallahassee are subject to local lodging taxes. Investors should be aware of these tax obligations and ensure that they are properly collecting and remitting taxes to the city.
6. Insurance Requirements: Property owners operating Short Term Rentals in Tallahassee are typically required to carry liability insurance to protect themselves in the event of accidents or damages on the property.
7. Homeowner Association (HOA) Restrictions: If the property is located in a neighborhood with a homeowners association, investors should review the HOA's rules and regulations regarding Short Term Rentals. Some HOAs may have restrictions or prohibitions on Short Term Rentals.
It is important for investors to thoroughly research and understand the Short Term Rental regulations in Tallahassee before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potential legal issues. Consulting with a real estate attorney or local property management company can help investors navigate the regulatory landscape and ensure compliance with all applicable laws.
Market Trends Over Time
Explore 25 years of market data for Tallahassee, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Tallahassee, FL.
The LTR Genie Score of Tallahassee, FL is 62 and STR Genie Score is 42, indicating a moderate score for long-term rental and a low score for short-term rental. The high LTR Rentability and LTR Net ROI suggest that the market is favorable for long-term rental investments, with a steady rent growth rate and a promising return on investment. On the other hand, the low STR Genie Score and occupancy rate indicate that the short-term rental market may not be as lucrative in Tallahassee.
Tallahassee, FL is the capital city of Florida and home to Florida State University, which can attract a steady stream of potential tenants for long-term rentals. The 1-Year Price Appreciation Forecast is also positive, indicating potential growth in property values.
Based on the metrics provided, Tallahassee, FL seems to be a more attractive market for long-term rental investments rather than short-term rentals. Investors may find success in acquiring properties for long-term rental purposes, given the high LTR Rentability and Net ROI. However, it is important to conduct further research and analysis to make an informed decision on whether to invest in this market.
