Department of Numbers

Tallahassee Florida Residential Rent and Rental Statistics

The median monthly gross residential rent in Tallahassee, FL (the Tallahassee metro area) was $904 in 2015 according to the Census ACS survey.1 Average gross rent in Tallahassee was $900 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Tallahassee median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in Tallahassee Florida (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Florida Median Gross Rent $1,046 +4.81% +9.30%
Tallahassee, FL Median Gross Rent $904 +1.01% +3.55%

Tallahassee, FL Real Gross Rent Trends

Median gross rent for Tallahassee peaked in real terms in 2010 at $942 and is now $38 (4.03%) lower. From a recent low of 839.0 in 2013, real median gross rent has now increased by $65 (7.75%). Average gross rent for Tallahassee peaked in real terms in 2011 at $920 and is now $20 (2.17%) lower.

Real Gross Rent in Tallahassee: Tallahassee FL Median, Tallahassee FL Average, Florida Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tallahassee

Date US
Median
Florida
Median
Tallahassee, FL
Median
Tallahassee, FL
Average
2015 $959 $1,046 $904 $900
2014 $930 $998 $895 $918
2013 $898 $965 $839 $865
2012 $886 $957 $873 $903
2011 $887 $966 $912 $920
2010 $901 $998 $942 $887
2009 $905 $1,023 $896 $898
2008 $920 $1,057 $930 $910
2007 $874 $1,024 $900 $885
2006 $883 $1,009 $907 $899
2005 $858 $953 $841 $839

Tallahassee Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Tallahassee Florida was 5.99% according to Census ACS data.

Rental Vacancy Rate in Tallahassee Florida

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Florida 7.79% -0.87% -1.58%
Tallahassee, FL 5.99% +0.80% -3.12%

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 5.43% to 5.99%. Data records for this series originated in 2005. From a 2014 post peak low of 5.19%, the rental vacancy rate has increased by 0.80%.

Rental Vacancy Rate: Tallahassee FL, Florida, US

Rental vacancy rate in Florida

Historical Rental Vacancy Rate data for Tallahassee

Date US Florida Tallahassee, FL
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%
2008 7.86% 12.67% 11.42%
2007 7.87% 11.55% 8.09%
2006 7.70% 8.32% 6.95%
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 24.49% in 2015 according to the ACS.

Tallahassee Florida Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Florida 25.40% +0.04% -0.02%
Tallahassee, FL 24.49% +0.11% +1.12%

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 1.35% to 24.49%.

Fraction of Income towards Rent: Tallahassee FL, Florida, US

Percent of median household income going towards median monthly gross rent in Tallahassee Florida

Historical Data for Annual Rent as a Fraction of Income in Tallahassee Florida

Date US Florida Tallahassee, FL
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%
2008 19.00% 23.79% 22.68%
2007 18.66% 23.22% 20.81%
2006 18.90% 23.00% 21.93%
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 2015 43.15% of households were renters according to Census ACS data.

Tallahassee Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Florida 36.22% +0.27% +1.86%
Tallahassee, FL 43.15% -1.91% +1.83%

Trends in the Tallahassee, FL Renter Fraction

The Tallahassee household renter fraction peaked in in 2014 at 45.06% and is now 1.91% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Tallahassee FL, Florida, US

Fraction of renters in Tallahassee

History of Tallahassee Renter Fraction

Date US Florida Tallahassee, FL
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%
2008 33.36% 30.33% 38.34%
2007 32.80% 29.39% 37.49%
2006 32.73% 29.72% 39.99%
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.