Tarrant, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tarrant Neighborhoods Since 2000




Tarrant, AL Real Estate Data


Tarrant Housing Market Information

With a population of 6,210, 2,638 total housing units (homes and apartments), and a median house value of $69,928, 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 81.29% 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 ( 8.83%), large apartment complexes or high rise apartments ( 4.85%), and a few mobile homes or trailers ( 4.51%).

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 50.16% owning and 49.84% 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 54.12% of the city's housing hails from this era. Other housing ages represented in Tarrant include homes built between 1970-1999 ( 24.17%) and housing constructed before 1939 ( 19.64%). There's also some housing in Tarrant built between 2000 and later ( 2.07%).

Vacant housing appears to be an issue in Tarrant. Fully 18.56% 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

Tarrant's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tarrant during the period has been just -1.90%, which is lower than 80% of US communities.

Over the last year, Tarrant appreciation rates have trailed the rest of the nation. In the last twelve months, Tarrant's appreciation rate has been -8.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tarrant were at -4.06%, which equates to an annual appreciation rate of -15.29%.

Notably, Tarrant's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$69,928

Tarrant, AL HOME PRICES

Value Range
> $986,000 0.0
$740,001 - $986,000 0.0
$493,001 - $740,000 0.1
$394,001 - $493,000 0.0
$296,001 - $394,000 0.6
$197,001 - $296,000 3.4
$99,001 - $197,000 25.9
$49,001 - $99,000 44.5
$0 - $49,000 25.6

Very Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
95.2009844134537 88.5

Number Of Homes And Apartments:
2,638

Rent & Ownership

 

Average Market Rent:
$931 / per month

Homeownership Rate

Homeownership
Owners 50.16
Renters 49.84
Vacant 18.56

Housing Market Details

 

Age of Homes

AGE OF Tarrant HOMES
2000 or Newer 2.1
1970 - 1999 24.2
1940 - 1969 54.1
1939 or Older 19.6

Types of Homes

TYPE OF Tarrant HOMES
Single-Family 81.3
Townhomes 0.5
Small Apt. Buildings 8.8
Apt. Complexes 4.8
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Tarrant HOMES
No Bedroom 1.36
1 Bedroom 7.53
2 Bedrooms 21.24
3 Bedrooms 55.63
4 Bedrooms 10.84
5 or more bedrooms 3.40

Tarrant Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
7.57% 0.42% 1 1
* 10 is highest