ZIP Code · FL

ZIP 32308

Pop. 24,406·Leon County·598th most expensive ZIP in Florida
Median rent (all units)
$1,544/mo
Year-over-Year
+1.3%
Month-over-Month
-0.3%
vs US Median
-$388
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32308 · $1,544
More affordable than 70% of US ZIP codes · National median $1,932/mo
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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,170
1 BR
$1,280
2 BR
$1,440
3 BR
$1,780
4 BR+
$1,910
Research median
$1,440/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 32308 is 0.8% below its high of $1,556 in May 2026, at $1,544 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32308 changed +1.3% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has fallen 4 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($77,967) is $1,949 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,910).

Rank in Tallahassee

7th cheapest of 10 ZIP codes in Tallahassee.

Cheaper nearby

ZIP 32301, 4 miles away, rents for 10% less ($1,382/mo), about $1,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32308. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$18,528/yr
At $1,544/mo median
Location
StateFL
CountyLeon County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.3% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 32308 (Tallahassee, FL) is roughly split between renters and owners, has a large retiree population, 56.3% of residents hold a bachelor's degree or higher.

Population
24,406
Median income
$77,967
Median age
42.3
Renters
49.3%
Age distribution
15.9%
25.4%
22.9%
13.4%
22.4%
Under 1815.9%
18–3425.4%
35–5422.9%
55–6413.4%
65+22.4%
Gender
45.4%
54.6%
Male45.4%
Female54.6%
Race & ethnicity
65%
20.4%
White65%
Black20.4%
Hispanic8.6%
Asian3.1%
Other3%
Education (25+)
14.8%
25.9%
56.3%
No HS diploma3%
HS diploma14.8%
Some college25.9%
Bachelor's+56.3%
Housing tenure
50.7%
49.3%
Owner50.7%
Renter49.3%

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

2022 vs 2026

How ZIP 32308 in Tallahassee, FL has changed in 5 years

Rent
$1,292 → $1,544
up 19.5%
Income
$65,726 → $77,967
up 18.6%
Population
22,415 → 24,406
up 8.9%
Renter share
47.6% → 49.3%
+1.7 pts
Bachelor's+
55.9% → 56.3%
+0.4 pts
Median age
42.8 → 42.3
-0.5 yrs

Across the past five years, the going rent in ZIP 32308 in Tallahassee, FL has shifted from $1,292 to $1,544, up 19.5% since 2022. Household income in the area moved from $65,726 to $77,967 across the same window, up 18.6% versus 2021. Census counts show ZIP 32308 in Tallahassee, FL adding about 1,991 residents over the five-year window, up 8.9% on net. The renter share has risen from 47.6% to 49.3%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 32308 in Tallahassee, FL look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 32308

Last updated: October 17, 2026

ZIP code 32308 covers Tallahassee, FL. The median rent here is $1,544/mo as of October 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,440/mo.

At 24% of local median household income ($77,967/yr), ZIP 32308 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32308?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,544/mo in ZIP 32308. The local median household income is $77,967/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32308?

Rent in ZIP 32308 has risen 1.3% over the past year as of September 2026. It sits 0.8% below its high of $1,556 in May 2026.

How does ZIP 32308 compare to other ZIPs in Florida?

ZIP 32308 is one of the more affordable among Florida ZIP codes for rent, ranking #598 of 656 at $1,544/mo. Over the year to September 2026, rent in ZIP 32308 changed +1.3%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 32308 compare to the rest of Tallahassee?

At $1,544/mo, ZIP 32308 is $71 above the Tallahassee citywide median of $1,473/mo. It is the 7th cheapest of 10 ZIP codes in Tallahassee.
Income Affordability
24%
VERY AFFORDABLE

At $1,544/mo, rent takes ~24% of ZIP 32308's median household income ($77,967/yr). The standard benchmark is 30%.

ZIP 32308 24%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32308 (Tallahassee, FL)

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