Tallahassee, FL · Florida

Gadsden County

ZIP 32332

43,642 residents111 permits TTM$46,047 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$154,700

ACS 5-Year

Cap rate proxy

6.1%

FMR × 0.65 ÷ Home Value

Rent-to-income

20.6%

HUD FMR ÷ ACS HHI

Net migration

+1.45%

IRS SOI

Permits (TTM)

111

Census BPS

Climate risk

72.4

FEMA NRI (0–100)

ZIP 32332

Median home value

Gross yield

Cap rate

10.8%

Rent gap

Affordability

P/I: 1.9R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown7 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
3233210.8%
323248.7%
323306.1%
323515.8%
323524.8%

Ranked by composite score

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Demographics

Owner-occupied

72.9%

Census ACS

Vacancy rate

13.7%

Census ACS

Bachelor's degree +

20.1%

Census ACS

Rent burdened

40.9%

Census ACS (>30% income)

Median age

42.0

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026