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Tallahassee Introduction
Tallahassee is the capital of Florida, as well as the county seat for Leon County. Tallahassee is located in northern Florida, less than an hour from the Georgia border. It is two and a half hours east of Jacksonville, and two hours northeast of Panama City.
Tallahassee Neighborhoods
Some of the most upscale developments in or around Tallahassee are on northeast Leon County. Affluent neighborhoods include Bobbin Trace, Golden Eagle, Highgrove, Ox Bottom, Rose Hill, and Summerbrooke. Northwest Leon County also has areas of upper-income homes with neighborhoods such as Pine Tip Hills.
In southeast Leon County, the planned community of Southwood is taking shape with new homes, town homes, apartments and commercial space. Southeast Leon County also includes more rural subdivisions. Southwest Leon County is known for its affordable homes under $100,000 in neighborhoods such as Jake Gaiter Estates, Liberty Park, Mabry Manor, and Seminole Manor.
Tallahassee Real Estate
The United States Census Bureau estimated that as of 2005 there were approximately 75,877 housing units in Tallahassee, Florida. 48.1% of these were owner occupied, 51.9% were renter occupied, and 9.3% were vacant. Both the owner occupancy rate and the vacancy rate were below the national averages.
Tallahassee housing is relatively young. Only 13.2% was built prior to 1960. 36.1% was built in the 1960s and 1970s, 22.6% was built in the 1980s, 19.2% in the 1990s, and 9.0% since. Roughly two thirds of Tallahassee homes are 4 to 7 rooms in size with 2 to 3 bedrooms. 77.7% of Tallahassee homes are heated by electricity, and most of the remainder are heated by utility gas.
In 2005, a Tallahassee owner-occupied home had a median value of $161,300 (US Census estimates), which was below the national average but above the median value as of 2000 when a home was worth $102,500. By the end of the second quarter of 2007, the median price of a Tallahassee home had risen to $172,000.
In Tallahassee, 72.2% of the owner-occupied homes have a mortgage loan. A large percentage of homeowners (21.9%) are also tapping into the value of their home with equity loans and/or second mortgages. Median owner costs for a home in Tallahassee were $1,191 per month in 2005, below the average for the US as a whole.
Tallahassee Property Taxes
The Leon County Property Appraiser is responsible for valuing all real and personal property within Leon county for tax purposes. The Leon County Tax Collector's Office collects the property taxes for Tallahassee and Leon County. In 2005, the median annual real estate tax bill for an owner occupied home in Tallahassee were $1,481 (US Census Bureau estimates).
Tallahassee Schools
Tallahassee is served by the Leon County School District. All but one of Leon County's grade schools earned an A or B grade in 2006 under the state’s A+ Plan for Education. 82% of the middle schools earned a B or better, and 57% of the high schools earned a B or better. In 2006, 4 of Leon County's public high schools were ranked in the top 200 in the United States by Newsweek magazine.
Colleges and universities located in Tallahassee include: Barry University School of Adult and Continuing Education - Tallahassee Campus, Flagler College - Tallahassee Campus, Florida A&M University, Florida State University, Keiser University - Tallahassee, and Tallahassee Community College.
Tallahassee Economy
As both the state capital and the county seat for Leon County, government is a major force in the Tallahassee economy. Major industry sectors behind government include (in order of employment size):
The largest employers in Tallahassee are: the State of Florida, Florida State University, Leon County Schools, City of Tallahassee, Tallahassee Memorial Healthcare, Florida A & M University, Publix Super Markets, Leon County, Tallahassee Community College, and Sprint.
According to United States Census Bureau data, in 2005 the median family income in Tallahassee was $51,688. This was below the national average ($55,832) but above the average for Florida ($50,465).
Tallahassee and Florida Mortgage and/or Real Estate Organizations
| Category | Value |
|---|---|
| Homes With No Mortgage | 26% |
| With A Mortgage | 74% |
| First Mortgage Only | 58% |
| Second Mortgage or Home Equity Loan | 15% |
| Second Mortgage Only | 8% |
| Home Equity Loan Only | 8% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 19.1% |
| Median Real Estate Taxes (2000) | $1,171 |
| Category | Value |
|---|---|
| Total Occupied | 63,174 |
| 1-Person Households | 35% |
| 2-Person Households | 35% |
| 3-Person Households | 16% |
| 4-Person Households | 10% |
| 5-Person Households | 3% |
| 6-Person Households | 1% |
| 7+-Person Households | 1% |
| Category | Value |
|---|---|
| Median Year Built | 1979 |
| Median Year Built (Owner Occupied) | 1978 |
| Median Year Built (Renter Occupied) | 1980 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 23% |
| Using Bottled/Tank Gas Heat | 6% |
| Using Electric Heat | 67% |
| Using Oil Heat | 4% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 0% |
| 1 Bedroom | 3% |
| 2 Bedrooms | 19% |
| 3 Bedrooms | 54% |
| 4 Bedrooms | 21% |
| 5+ Bedrooms | 3% |
Rate quotes from multiple lenders for the Tallahassee area:
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