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Airbnb City Guide: The Best Places To Invest in Tallahassee, Florida

White and Gray Wooden House Near Grass Field and Trees

Airbnb Rules and Regulations in Tallahassee, Florida

As of 2024, Tallahassee has implemented a set of regulations for short-term rentals to ensure a balance between the interests of property owners, guests, and the community. Hosts must obtain a Short-Term Rental Certificate from the city and comply with occupancy limits, parking requirements, and safety standards. Rentals are limited to a maximum of 10 guests per unit and must provide one off-street parking space per bedroom.

Hosts must collect and remit the Leon County Tourist Development Tax and maintain liability insurance. The city enforces quiet hours between 10 pm and 7 am and prohibits outdoor amplified sound. Violations of these regulations can result in fines and revocation of the rental certificate. While Tallahassee allows short-term rentals in most residential zones, some neighborhoods with homeowners associations may have additional restrictions or bans on rentals listed across different booking platforms.

Tallahassee Airbnb Market Data:

  • Average Revenue – $33.8K per year
  • Average Daily Rate – $205.7 per night
  • Average Occupancy Rate – 45%
  • Average RevPAR – $94.3
  • Average Home Prices – $286,005

1. Top Place to Invest in Tallahassee, Florida - Midtown

Midtown, a vibrant and eclectic neighborhood in the heart of Tallahassee, has emerged as a prime investment opportunity for Airbnb and short-term rental investors. With its unique blend of historic charm, trendy eateries, and proximity to Florida State University, Midtown offers a dynamic and appealing experience for visitors seeking an authentic taste of the city's culture and energy.

Midtown Airbnb Market Data:

  • Average Revenue – $28.7K per year
  • Average Daily Rate – $191.8 per night
  • Average Occupancy Rate – 41%
  • Average RevPAR – $81.7

Convenience - 9/10

Midtown boasts exceptional convenience, with a wide array of shops, restaurants, and services within walking distance. The area is well-served by public transportation, including the StarMetro bus system, making it easy for visitors to explore the city without the need for a car. Midtown's central location also provides quick access to major highways and the Tallahassee International Airport.

Tourist Attractions - 7/10

While Midtown itself is not home to major tourist attractions, its proximity to Florida State University and the city's downtown area puts visitors within easy reach of notable destinations. The neighborhood's historic architecture, including the iconic Midtown Reader and the Miracle Plaza, add to its charm and appeal. Nearby attractions include the Museum of Florida History, the Tallahassee Museum, and the Cascades Park.

Things to Do - 8/10

Midtown offers a diverse range of activities and entertainment options, catering to a variety of interests. The neighborhood is known for its thriving arts and culture scene, with numerous galleries, studios, and live music venues scattered throughout the area. Visitors can also enjoy a variety of local festivals and events, such as the Midtown Makers Market and the Tallahassee Wine and Food Festival.

Average Home Prices - 7/10

According to Zillow data, the median home price in Midtown as of 2024 is $325,000, representing a steady appreciation rate of 3.5% over the past year. While prices are higher than some other areas of Tallahassee, the neighborhood's desirable location, strong rental demand, and potential for long-term appreciation make it an attractive option for investors.

Proximity to Work-Related Travel - 8/10

Midtown's central location makes it an ideal base for visitors traveling for work-related purposes. The area is just a few miles from the Florida State University campus, several major hospitals, and the Donald L. Tucker Civic Center. The neighborhood's proximity to major highways and the Tallahassee International Airport further enhances its convenience for business travelers.

X-Factor - 9/10

Midtown's primary selling point is its unique blend of historic charm, trendy amenities, and vibrant community spirit. The neighborhood's beautifully preserved historic buildings and thriving arts and culture scene create a distinct and inviting atmosphere that appeals to visitors seeking an authentic and immersive experience. Midtown's proximity to Florida State University and the city's downtown area, as well as its walkable streets and diverse dining and entertainment options, make it a highly desirable destination for Airbnb and short-term rental guests.

2. Top Place to Invest in Tallahassee, Florida - Killearn Estates

Nestled in the heart of Tallahassee, Killearn Estates stands as a premier residential community that has captured the attention of savvy short-term rental investors. With its meticulously planned neighborhoods, abundant greenery, and convenient access to the city's amenities, Killearn Estates offers a unique blend of suburban tranquility and urban accessibility.

Killearn Estates Airbnb Market Data:

  • Average Revenue – $38.8K per year
  • Average Daily Rate – $221.3 per night
  • Average Occupancy Rate – 48%
  • Average RevPAR – $107.1

Convenience - 8/10

Killearn Estates boasts a high level of convenience, with a variety of shops, restaurants, and services located within the community or in close proximity. The neighborhood is well-connected to major thoroughfares, ensuring easy access to downtown Tallahassee and other parts of the city. While public transportation options are limited, the area's well-maintained roads and ample parking make it highly accessible by car.

Tourist Attractions - 5/10

As a primarily residential community, Killearn Estates itself does not feature major tourist attractions. However, its central location within Tallahassee puts visitors within a short drive of several notable destinations, including the Florida State University campus, the Museum of Florida History, and the Tallahassee Museum. Additionally, the neighborhood's scenic lakes and parks offer opportunities for outdoor recreation and leisure activities.

Things to Do - 7/10

Killearn Estates provides a range of recreational activities and community events that cater to residents and visitors alike. The neighborhood boasts several parks, including the expansive Killearn Estates Park, which offers walking trails, playgrounds, and sports facilities, which are perfect for those fitness-focused getaways. The community also hosts annual events, such as the Killearn Estates Homeowners Association's Fourth of July celebration, which brings residents together for a day of family-friendly fun.

Average Home Prices - 7/10

According to Zillow data, the median home price in Killearn Estates as of 2024 is $375,000, representing a modest appreciation rate of 2.7% over the past year. While prices are higher than some other areas of Tallahassee, the neighborhood's desirable location, well-maintained properties, and strong rental demand make it an attractive option for investors seeking long-term appreciation and consistent rental income.

Proximity to Work-Related Travel - 8/10

Killearn Estates is conveniently located within a short driving distance from many of Tallahassee's major employers, hospitals, and convention centers. The neighborhood's proximity to Interstate 10 and other major thoroughfares ensures easy access to downtown Tallahassee, the Florida State University campus, and the Tallahassee International Airport, making it an ideal base for business travelers and those attending conferences or events.

X-Factor - 9/10

Killearn Estates' primary selling point is its exceptional community atmosphere and commitment to preserving its natural beauty. The neighborhood's winding streets, lush landscaping, and abundance of mature trees create a serene and inviting environment that appeals to visitors seeking a peaceful retreat. Additionally, the community's strong homeowners association and strict architectural guidelines ensure that properties maintain their aesthetic appeal and value over time, making Killearn Estates a highly desirable destination for Airbnb and short-term rental guests.

3. Top Place to Invest in Tallahassee, Florida - Southwood

Southwood, a master-planned community nestled in the southeastern corridor of Tallahassee, has emerged as a prime investment destination for Airbnb and short-term rental investors. With its meticulously designed neighborhoods, abundant amenities, and proximity to the city's attractions, Southwood offers a unique blend of suburban tranquility and urban convenience.

Southwood Airbnb Market Data:

  • Average Revenue – $37.6K per year
  • Average Daily Rate – $214.6 per night
  • Average Occupancy Rate – 48%
  • Average RevPAR – $103.1

Convenience - 8/10

Southwood boasts a high level of convenience, with various shops, restaurants, and services located within the community. The Southwood Town Center serves as a central hub, providing residents and visitors with easy access to essential amenities. Additionally, the neighborhood's strategic location along Capital Circle ensures quick access to major highways and other parts of Tallahassee.

Tourist Attractions - 6/10

While Southwood itself is not a major tourist destination, its proximity to several notable attractions in Tallahassee makes it an attractive base for visitors. The community is located just a short drive from the Florida State University campus, the Tallahassee Museum, and the Cascades Park, offering ample opportunities for exploration and recreation.

Things to Do - 8/10

Southwood offers diverse activities and entertainment options, catering to a wide range of interests. The community features an award-winning golf course designed by Fred Couples and numerous parks, nature trails, and recreational facilities. The Southwood Town Center hosts various events and festivals throughout the year, providing a vibrant social scene for residents and visitors alike.

Average Home Prices - 7/10

According to Zillow data, the median home price in Southwood as of 2024 is $375,000, representing a steady appreciation rate of 3.4% over the past year. While prices are higher than some other areas of Tallahassee, the community's desirable location, well-maintained properties, and strong rental demand make it an attractive option for investors seeking long-term appreciation and consistent rental income.

Proximity to Work-Related Travel - 7/10

Southwood is conveniently located within a reasonable driving distance from many of Tallahassee's major employers, hospitals, and convention centers. The community's proximity to major highways, such as Capital Circle and Interstate 10, ensures easy access to the city's central business district and other key destinations, making it a suitable base for business travelers and those attending conferences or events.

X-Factor - 9/10

Southwood's primary selling point is its commitment to preserving the area's natural beauty and rich history. The community was carefully designed to incorporate existing oak trees, lakes, and historic sites, creating a harmonious blend of modern amenities and natural charm. Additionally, Southwood's strong sense of community, fostered through various events and activities, creates a welcoming and inclusive atmosphere that appeals to visitors seeking an authentic and immersive experience.

4. Top Place to Invest in Tallahassee, Florida - Betton Hills

Betton Hills, a historic and affluent neighborhood in the heart of Tallahassee, has emerged as a prime investment opportunity for Airbnb and short-term rental investors. With its tree-lined streets, stately homes, and proximity to the city's cultural attractions, Betton Hills offers a unique blend of old-world charm and modern convenience.

Betton Hills Airbnb Market Data:

  • Average Revenue – $37.9K per year
  • Average Daily Rate – $216.5 per night
  • Average Occupancy Rate – 48%
  • Average RevPAR – $105.6

Convenience - 7/10

Betton Hills provides good convenience, with several local shops, restaurants, and services located within the neighborhood or in nearby areas. The community is well-connected to major thoroughfares, ensuring easy access to downtown Tallahassee and other parts of the city. While public transportation options are limited, the area's walkable streets and ample parking make it highly accessible by car.

Tourist Attractions - 6/10

While Betton Hills itself is not a major tourist destination, its central location within Tallahassee puts visitors within a short drive of several notable attractions. The neighborhood's proximity to the Florida State University campus, the Museum of Florida History, and the Tallahassee Museum offer ample cultural exploration and recreation opportunities.

Things to Do - 7/10

Betton Hills offers various activities and events catering to residents and visitors alike. The neighborhood's well-maintained parks, such as Betton Hills Park and Winthrop Park, provide opportunities for outdoor recreation, including walking trails, playgrounds, and sports facilities. Additionally, the community hosts annual events, such as the Betton Hills Neighborhood Association's Holiday Tour of Homes, which showcases the area's architectural heritage.

Average Home Prices - 6/10

According to Zillow data, the median home price in Betton Hills as of 2024 is $450,000, representing a modest appreciation rate of 2.5% over the past year. While prices are higher than in some other areas of Tallahassee, the neighborhood's desirable location, well-maintained properties, and strong rental demand make it an attractive option for investors seeking to purchase homes and convert them into Airbnb rentals.

Proximity to Work-Related Travel - 8/10

Betton Hills is conveniently located within a short driving distance from many of Tallahassee's major employers, hospitals, and convention centers. The neighborhood's proximity to downtown Tallahassee, the Florida State University campus, and the Tallahassee International Airport makes it an ideal base for business travelers and those attending conferences or events.

X-Factor - 9/10

Betton Hills' primary selling point is its rich history and architectural charm. The neighborhood's tree-lined streets, stately homes, and well-preserved historic buildings create a unique and inviting atmosphere that appeals to visitors seeking an authentic and immersive experience. Additionally, the community's strong sense of pride and commitment to preserving its heritage contribute to its desirability as a destination for Airbnb and short-term rental guests.

5. Top Place to Invest in Tallahassee, Florida - College Town

College Town, a vibrant and bustling neighborhood adjacent to Florida State University, has emerged as a prime investment opportunity for those aspiring to enter the Airbnb rental industry in Tallahassee. With its proximity to the university campus, thriving nightlife, and ongoing development, College Town offers a unique and dynamic experience for visitors seeking an immersive taste of Tallahassee's collegiate atmosphere.

College Town Airbnb Market Data:

  • Average Revenue – $27.8K per year
  • Average Daily Rate – $190.1 per night
  • Average Occupancy Rate – 40%
  • Average RevPAR – $75.8

Convenience - 9/10

College Town boasts exceptional convenience, with a wide array of shops, restaurants, bars, and services within walking distance. The neighborhood is well-connected by public transportation, including the StarMetro bus system, making it easy for visitors to explore the city without the need for a car. College Town's central location also provides quick access to major highways and the Tallahassee International Airport.

Tourist Attractions - 7/10

While College Town itself is not a major tourist destination, its proximity to Florida State University and the city's downtown area puts visitors within easy reach of notable attractions. The university campus, with its museums, galleries, and sports facilities, is a major draw for visitors. Nearby attractions include the Donald L. Tucker Civic Center, the Cascades Park, and the Railroad Square Art Park.

Things to Do - 9/10

College Town offers a diverse range of activities and entertainment options, catering to a variety of interests. The neighborhood is known for its vibrant nightlife scene, with numerous bars, clubs, and live music venues that cater to the college crowd. Visitors can also enjoy a variety of local festivals and events, such as the Collegetown Get Down and the Tallahassee Food Truck Festival.

Average Home Prices - 6/10

According to Zillow data, the median home price in College Town as of 2024 is $325,000, representing a modest appreciation rate of 2.9% over the past year. While prices are higher than some other areas of Tallahassee, the neighborhood's desirable location, strong rental demand, and potential for long-term appreciation make it an attractive option for investors.

Proximity to Work-Related Travel - 9/10

College Town's central location makes it an ideal base for visitors traveling for work-related purposes. The area is just a few miles from the Florida State University campus, several major hospitals, and the Donald L. Tucker Civic Center. The neighborhood's proximity to major highways and the Tallahassee International Airport further enhances its convenience for business travelers.

X-Factor - 10/10

College Town's primary selling point is its unique blend of youthful energy, vibrant nightlife, and proximity to Florida State University. The neighborhood's bustling atmosphere, fueled by the influx of college students and young professionals, creates a distinct and lively environment that appeals to visitors seeking an authentic and immersive college town experience. The area's ongoing development, with new residential and commercial projects in the works, further adds to its appeal as a dynamic and evolving destination for Airbnb and short-term rental guests.

⚡️
Reveal your property’s rental profitability

Buy this property and list it on Airbnb.