Tallahassee Rentals / Section 8

Tallahassee, Florida
General Real Estate Investing
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Tallahassee Rentals / Section 8

Allen Zhu
Rental Property Investor · Member since 2021 · 52 posts · 29 votes

Anyone on bigger pockets invest in Tallahassee , FL ? 

Is tallahassee a strong rental market? homes there are quite pricey for the size. 

thanks looking forward to hear from you guys!

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Julie MuseBusiness Member
Flipper/Rehabber · North Georgia · Member since 2024 · 321 posts · 94 votes
2y

Hey Allen,

Great question! Tallahassee can be a good rental market, but it really depends on your goals and the specific areas you’re looking at. Here are a few things to consider:

Tallahassee, FL

  • Rental Demand: Being a college town with Florida State University and other colleges, there’s a steady demand for rental properties, especially near campus. However, student rentals can be a bit more management-intensive.
  • Market Prices: You’re right that homes can be pricey for their size. It’s important to carefully analyze the numbers to ensure you’re getting a good return on investment.
  • Appreciation: Tallahassee has seen steady appreciation, but it's not as fast-growing as some other Florida markets like Tampa or Orlando.

Alternatives Nearby

If you’re finding Tallahassee a bit pricey, consider looking at other nearby markets that might offer better value:

  • Alabama: Cities like Birmingham and Huntsville are close by and can offer more affordable purchase prices with strong rental demand and high ROI potential. They have landlord-friendly laws, which is always a plus.
  • Jacksonville, FL: Another option in Florida with a strong rental market and potentially better deals.
  • Gainesville, FL: Similar to Tallahassee with a strong student rental market but might offer different opportunities.

Connecting with local investors and real estate agents can give you more insight into whether Tallahassee fits your investment goals. Sometimes it’s all about finding the right niche within the market.

Hope this helps, and happy investing!

Best, Julie Muse

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  • Julie MuseBusiness Member
    Flipper/Rehabber · North Georgia · Member since 2024 · 321 posts · 94 votes
    2y

    Hey Allen,

    Great question! Tallahassee can be a good rental market, but it really depends on your goals and the specific areas you’re looking at. Here are a few things to consider:

    Tallahassee, FL

    • Rental Demand: Being a college town with Florida State University and other colleges, there’s a steady demand for rental properties, especially near campus. However, student rentals can be a bit more management-intensive.
    • Market Prices: You’re right that homes can be pricey for their size. It’s important to carefully analyze the numbers to ensure you’re getting a good return on investment.
    • Appreciation: Tallahassee has seen steady appreciation, but it's not as fast-growing as some other Florida markets like Tampa or Orlando.

    Alternatives Nearby

    If you’re finding Tallahassee a bit pricey, consider looking at other nearby markets that might offer better value:

    • Alabama: Cities like Birmingham and Huntsville are close by and can offer more affordable purchase prices with strong rental demand and high ROI potential. They have landlord-friendly laws, which is always a plus.
    • Jacksonville, FL: Another option in Florida with a strong rental market and potentially better deals.
    • Gainesville, FL: Similar to Tallahassee with a strong student rental market but might offer different opportunities.

    Connecting with local investors and real estate agents can give you more insight into whether Tallahassee fits your investment goals. Sometimes it’s all about finding the right niche within the market.

    Hope this helps, and happy investing!

    Best, Julie Muse

    Partner Driven4.7123 Reviews
    WebsiteView Page
    1Reply
  • Tim Baldwin
    Attorney · Pensacola, FL · Member since 2023 · 178 posts · 106 votes
    2y

    I have PM clients in Tallahassee that indicate it's a strong rental market, but I would investigate on your own to see if the market meets your investment goals. 

    0Reply
  • Bryce Nerland
    Tallahassee, FL · Member since 2017 · 14 posts · 0 votes
    2y

    I live and invest in Tallahassee. It has been a great market for me. North Tallahassee has some of the most desirable neighborhoods and higher home prices. We have not seen the property value decreases so far that some other areas of the country have experienced. Rents have remained steady for the past 12-18 months.  Feel free to reach out if you have any questions.

    0Reply
  • Skye Penland
    Rental Property Investor · Member since 2019 · 46 posts · 8 votes
    1y

    My daughter is thinking of attending FSU… and setting their low acceptance rate aside we would want to purchase a long term rental in the area for her to live in and rent the other rooms out… any advice?


    thanks! 

    0Reply
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