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ZIP Code · FL

ZIP 32304

Pop. 51,673·Leon County·656th most expensive ZIP in Florida
Median rent (all units)
$1,348/mo
Year-over-Year
-1.1%
Month-over-Month
-2.7%
vs US Median
-$617
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 32304 · $1,348
More affordable than 84% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,210
2 BR
$1,360
3 BR
$1,680
4 BR+
$1,800
Research median
$1,360/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,176/yr
At $1,348/mo median
Location
StateFL
CountyLeon County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-1.1% YoY, -2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 32304 (Tallahassee, FL) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 36.1% of residents hold a bachelor's degree or higher.

Population
51,673
Median income
$32,348
Median age
22
Renters
86.5%
Age distribution
73.4%
Under 187.9%
18–3473.4%
35–5411.1%
55–644.4%
65+3.3%
Gender
46.3%
53.7%
Male46.3%
Female53.7%
Race & ethnicity
48.1%
36.4%
White48.1%
Black36.4%
Hispanic10.3%
Asian4.1%
Other1.1%
Education (25+)
25.7%
28%
36.1%
No HS diploma10.2%
HS diploma25.7%
Some college28%
Bachelor's+36.1%
Housing tenure
13.5%
86.5%
Owner13.5%
Renter86.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 32304 in Tallahassee, FL has changed in 5 years

Rent
$946 → $1,348
up 42.5%
Income
$26,060 → $32,348
up 24.1%
Population
45,853 → 51,673
up 12.7%
Renter share
85.7% → 86.5%
+0.8 pts
Bachelor's+
32.4% → 36.1%
+3.7 pts
Median age
22.5 → 22
-0.5 yrs

The median rent in ZIP 32304 in Tallahassee, FL stood at $946 in 2021 and currently runs about $1,348, reflecting a 42.5% increase over the period. Median household income rose from $26,060 to $32,348 between 2021 and 2024, a 24.1% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 12.7% since 2021, moving from about 45,853 residents to roughly 51,673. College-educated residents now make up 36.1% of adults here, versus 32.4% in 2021. Taken together, the five-year picture in ZIP 32304 in Tallahassee, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 32304

Last updated: July 20, 2026

ZIP code 32304 covers Tallahassee, FL. The median rent here is $1,348/mo as of July 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,360/mo.

At 50% of local median household income ($32,348/yr), ZIP 32304 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32304?

As of July 20, 2026, the median monthly rent in ZIP 32304 (Tallahassee, FL) is $1,348. This is based on aggregated data from public sources and community submissions.

How does ZIP 32304 rent compare to the US average?

ZIP 32304's median rent of $1,348/mo is $617 (31%) below the US national median of $1,965/mo.

How does ZIP 32304 compare to other ZIPs in Florida?

ZIP 32304 is among the more affordable ZIP codes in Florida, ranking #656 out of 662 ZIPs at $1,348/mo.

How much income do you need to rent in ZIP 32304?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,348/mo in ZIP 32304. The local median household income is $32,348/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 32304?

Rent in ZIP 32304 has decreased 1.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 32304 an affordable place to rent?

ZIP 32304 is considered stretched for renters. At $1,348/mo, rent takes approximately 50% of the local median household income ($32,348/yr). The standard benchmark is 30%. ZIP 32304 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 32304 residents rent vs. own?

According to Census data, approximately 86.5% of ZIP 32304 households are renters, while 13.5% are owner-occupied. With a majority renter population, ZIP 32304 has a strong rental market.

How does ZIP 32304 compare to the rest of Tallahassee?

ZIP 32304 is more affordable than Tallahassee overall. At $1,348/mo, it's $159 below the Tallahassee citywide median of $1,507/mo.

When was rent data for ZIP 32304 last updated?

Rent data for ZIP 32304 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
50%
STRETCHED

At $1,348/mo, rent takes ~50% of ZIP 32304's median household income ($32,348/yr). The standard benchmark is 30%.

ZIP 32304 50%Benchmark 30%
State income taxNone
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