History of Killearn Lakes
According to Jeff Caster, Killearn Lakes is celebrating its golden anniversary this year. The 202 census estimates the Killearn Lake population at 11,342 residents. That puts it in the top 16% of American cities and towns. There are 4,225 property owners.
There is an active homeowner’s association. The covenants and restrictions are available on their website. They intend to preserve the ‘look’ and value of the Killearn Lakes community.
Construction started in the Killearn Lakes area in the 1970s and has become one of the biggest subdivisions in Tallahassee. There are still vacant lots and new homes sold every year. This is a testament to the popularity of the neighborhood. The neighborhood includes three community parks, five lakes, and many trails and paths.
Real Estate of Killearn Lakes
There were 130 homes sold in Killearn Lakes in 2022, and 149 were sold in 2021. The homeowners association fee is under $150 a year. They are starting to crack down on non-compliance with the covenants and restrictions for the neighborhood. Check out the link below for the Lakes View Magazine published by the HOA quarterly. It is nicely done.
Even though some of these homes are older, the new and remodeled homes sell quickly in our Tallahassee real estate market. In 2022, the median age of the homes sold was 32 years and the oldest home was almost 50 years. The days on the market for 2022, was thirty-one, with the median being twenty-one days. There was one home on the market for almost a year that pulled that average up. These numbers are similar to the market stats for 2021.
The median home sale in Killearn Lakes for 2022 was $327,000. That is more than 8% higher than the home sales in 2021. On average, the houses sit on half of an acre and are 1900 square feet. Approximately 10% of the homes sold had pools and more than 80% had fireplaces. In the older sections of Killearn Lakes, the trees are large and provide lots of shade.
Killearn Lakes Homeowners’ association websites and other relevant links:
HOA: Killearn Lakes Homeowners Association
Facebook Group: Killearn Lakes Facebook Group
Something else to check out here. The HOA has a quarterly newsletter that is available to read. The information is useful when deciding if this is the neighborhood you would like to call home. Check out the newsletter here.
Updates about the Bannerman Road project can be found here.
This neighborhood is located in the Tallahassee zip code of 32312.
Detailed Reports for Killearn Lakes
These reports are available for licensed Realtors and pull data from various resources. Niche creates the school reports, and Esri collects the trade area data. These reports are pulled upon request and posted regularly. Please subscribe to our blog to receive updates.
The Neighborhoods
The Killearn Lakes neighborhood report includes charts and statistics about housing, people, economics, and quality of life. As of January 2023, home values rose 14% year over year. The median home age is twenty-five years old, and 84% of residents are homeowners. The median age of residents is thirty-eight, with a median household income of over $100,000.
Download the January 2023 report here: Neighborhood Report for Killearn Lakes
Download the February 2022 neighborhood report: Neighborhood Report for Killearn Lakes
The Real Estate Market Reports
The market activity report details the active and pending listings and recent sales in Killearn Estates. These reports will be updated periodically. If you are interested in an updated copy, contact us! See an overview of the most recent sales below.
Download your January 2023 report here: Market Activity Report for Killearn Lakes
Download your February 2022 report here: Market Activity Report for Killearn Lakes
The Trade Report
The Commercial Trade Area Report breaks down the socioeconomic and demographic segments of Killearn Estates. The primary segments, based on Esri Tapestry data, are displayed in numerical order with #1 being the most dominant. The residents’ characteristics and spending habits are explained in detail.
The biggest segment of residents in the Killearn Estates area is the Professional Pride segment. These consumers are well educated and prospered through the Great Recession. They work long hours and have a longer-than-average commute. This group is also likely to have school-age children participating in community activities. They take pride in their homeownership and spend time and money upgrading their living spaces.
Download the January 2023 report here: Commercial Trade Area Report for Killearn Lakes
Download the February 2022 report here: Commercial Trade Area Report for Killearn Lakes
Real Estate Details for Killearn Lakes
| Killearn Lakes – numbers at a glance… | |
| Income Per Capita: | $43,466 |
| Median Household Income: | $100,042 |
| Percentage of owner-occupied homes: | 84% |
| Number of 2022 DSF homes sales in MLS | 130 |
| 2021 number of home sales in MLS: | 149 |
| Range of years homes built (MLS Sold 2022): | 1972-2022 |
| Average yearly dues listed MLS (2022): | $120 |
| Home prices (MLS Sold 2022): | Ranges: $198,000 – $770,000
Median $327,000 |
| Size of houses (MLS Sold 2022): | Ranges: 1,144sf – 5,339sf
Average: 1,901 sf |
| Average size of yards (MLS Sold 2022): | .49 acres |
| Sold Price Per Square Foot (MLS Sold 2022): | Ranges: $106.04 – $266.79
Median $196.01 |
For the sales in 2022, 111 or 85% of the houses sold had fireplaces, and only 13 or 10% had pools.
If you are considering a move within Tallahassee or to Tallahassee, we would love to help.
Contact us at: 850-203-0209 or email me at: [email protected]
Abbe Flynn, Ketcham Realty Group
