32312 — Tallahassee, FL Home Values
Typical home value $460,239 as of June 2026 · 1st of 23 in Tallahassee, FL
Blue: typical home value (Zillow ZHVI) in ZIP code 32312, June 2021 to June 2026. This page shows observed data only; no forecast.
How 32312 compares in the Tallahassee, FL area
ZIP code 32312 (Tallahassee, FL) has a typical home value of $460,239 as of June 2026, ranking 1st of 23 ZIP codes tracked in the Tallahassee, FL area, the most expensive ZIP code in the metro. Prices here have moved +0.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +21.7%, from $378,172 in June 2021 to $460,239 in June 2026. Against observed rent, the typical home here sells for 16.8× the annual rent ($2,278/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Tallahassee, FL forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Tallahassee.
Population and demographics
ZIP code 32312 has a population of 31,966, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 76.6% White, 10.2% Black or African American, 6.1% Asian, 4.5% Hispanic or Latino, 2.3% two or more races, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| DEERLAKE MIDDLE SCHOOL | 9902 DEER LK W, TALLAHASSEE, FL | 0.3 mi |
| KILLEARN LAKES ELEMENTARY SCHOOL | 8037 DEER LK E, TALLAHASSEE, FL | 1.7 mi |
| LAWTON CHILES HIGH SCHOOL | 7200 LAWTON CHILES LN, TALLAHASSEE, FL | 3 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 32312?
$460,239 as of June 2026, the latest month Zillow has published observed data for.
Is 32312 an expensive ZIP code in the Tallahassee, FL area?
32312 ranks 1st of 23 ZIP codes in the Tallahassee, FL area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 32312 changed over the past year?
+0.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 32312?
The typical home price is 16.8× the observed annual rent in this ZIP code ($2,278/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 32312?
31,966, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 32312?
DEERLAKE MIDDLE SCHOOL (0.3 mi), KILLEARN LAKES ELEMENTARY SCHOOL (1.7 mi), LAWTON CHILES HIGH SCHOOL (3 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 32312?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Tallahassee, FL forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.