Location: Tallahassee, FL | Metro: Tallahassee, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
The ZIP code 32314 in Tallahassee, FL, presents a mixed profile when classified on the axes of yield and stability. The Fair Market Rent (FMR) for ZIP 32314 is set at $1,370 for FY 2024, which provides a baseline for rental income expectations. However, the lack of specific market and home value data makes it challenging to fully assess the yield potential.
Regarding stability, there is insufficient data on the percentage of renters, average days on market (DOM), and median income. Without these metrics, we cannot definitively determine the level of stability in the area. Nonetheless, the presence of a variety of homes for sale, including townhouses and multi-family homes, suggests some flexibility in investment options.
The median home values in nearby areas, such as ZIP 32301, range from $55,000 to $240,000, indicating a broad spectrum of property values that could influence the overall market stability. Given the limited data, ZIP 32314 does not clearly fit into a high-yield/low-stability flip-style market or a steady-cashflow zone. It appears to be somewhere in between, offering opportunities for both short-term and long-term investments.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.