32312, Tallahassee, FL

The 32312 zip code of Tallahassee, FL has a median home value of $137,500 and a median home equity value of $101,000. The homeownership rate in this zip code is 66.5%, which is lower than the statewide homeownership rate of 69.4%. This indicates that there are more homes for sale than there are homeowners in this zip code. Additionally, the percentage of households earning over $100,000 is lower than the statewide percentage of households earning over $100,000 at 27.3%. This suggests that there may be less wealthy residents in this zip code than in other parts of Tallahassee.

Despite these factors, the average sales price for homes in this zip code has increased by 7% since 2013 and by 10% since 2007. This indicates that home values have been increasing steadily in this area over the past few years. Additionally, the percentage of homes sold for over asking price has also increased from 4% to 6% during this same time period. These trends suggest that buyers are feeling confident about purchasing homes in this area and are not being pressured to sell their property at an excessive price.