Tarrant, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Tarrant Housing Market Information

With 6,109 people, 2,183 houses or apartments, and a median cost of homes of $81,120, house prices in Tarrant are some of the most affordable in Alabama as well as the nation.

Single-family detached homes are the single most common housing type in Tarrant, accounting for 82.79% of the city's housing units. Other types of housing that are prevalent in Tarrant include duplexes, homes converted to apartments or other small apartment buildings ( 8.77%), large apartment complexes or high rise apartments ( 6.35%), and a few mobile homes or trailers ( 1.62%).

The most prevalent building size and type in Tarrant are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.53% owning and 51.47% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Tarrant's housing was primarily built during this period, from the '40s through the '60s. A full 51.35% of the city's housing hails from this era. Other housing ages represented in Tarrant include homes built before 1939 ( 27.64%) and housing constructed between 1970-1999 ( 15.70%). There's also some housing in Tarrant built between 2000 and later ( 5.30%).

Vacant housing appears to be an issue in Tarrant. Fully 21.22% of the housing stock is classified as vacant. Left unchecked, vacant Tarrant homes and apartments can be a drag on the real estate market, holding Tarrant real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Tarrant Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Tarrant, where house values have increased just 6.69%, which is annualized rate of 0.65%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Tarrant that despite a nationwide downturn in the housing market, Tarrant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tarrant appreciation rates continue to be some of the highest in America, at 6.64%, which is higher than appreciation rates in 92.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tarrant. Tarrant appreciation rates in the latest quarter were at 1.71%, which equates to an annual appreciation rate of 7.03%.

Relative to Alabama, our data show that Tarrant's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values

 
info

Median Home Value:
$81,120

Tarrant, AL HOME PRICES

> $1,204,000
0.0%
0.0%
$903,001 - $1,204,000
0.0%
0.0%
$602,001 - $903,000
0.1%
0.1%
$482,001 - $602,000
0.1%
0.1%
$361,001 - $482,000
0.0%
0.0%
$241,001 - $361,000
2.4%
2.4%
$120,001 - $241,000
20.1%
20.1%
$60,001 - $120,000
56.1%
56.1%
$0 - $60,000
21.1%
21.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for AL

Value Relative To Nation

Number Of Homes And Apartments:
2,183

Tarrant Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
24.05% 1.04%
1
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,223 / per month

Homeownership Rate

Owners
48.5%
48.5%
Renters
51.5%
51.5%
Vacant
21.2%
21.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
5.3%
5.3%
1970 - 1999
15.7%
15.7%
1940 - 1969
51.4%
51.4%
1939 or Older
27.6%
27.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
82.8%
82.8%
Townhomes
0.5%
0.5%
Small Apt. Buildings
8.8%
8.8%
Apt. Complexes
6.4%
6.4%
Mobile Homes
1.6%
1.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
9.9%
9.9%
2 Bedrooms
25.2%
25.2%
3 Bedrooms
53.1%
53.1%
4 Bedrooms
8.2%
8.2%
5 or more bedrooms
2.6%
2.6%
0.0% 100.0%
% OF HOMES