Tarboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tarboro Neighborhoods Since 2000




Tarboro, NC 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tarboro Housing Market Information

With a population of 11,164, 4,577 total housing units (homes and apartments), and a median house value of $95,289, house prices in Tarboro are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Tarboro, accounting for 66.17% of the town's housing units. Other types of housing that are prevalent in Tarboro include large apartment complexes or high rise apartments ( 13.66%), duplexes, homes converted to apartments or other small apartment buildings ( 13.58%), and a few mobile homes or trailers ( 4.98%).

The most prevalent building size and type in Tarboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.03% owning and 50.97% renting.

There is a lot of housing in Tarboro built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Tarboro built between 1940-1969 ( 35.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.87%). There's also some housing in Tarboro built before 1939 ( 12.75%).

Tarboro Home Appreciation Rates

Appreciation rates for homes in Tarboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.66%, which ranks in the top 50% nationwide. This equates to an annual average Tarboro house appreciation rate of 0.26%.

NeighborhoodScout's data show that during the latest twelve months, Tarboro's appreciation rate, at 5.02%, has been at or slightly above the national average. In the latest quarter, Tarboro's appreciation rate has been 0.85%, which annualizes to a rate of 3.43%.

Relative to North Carolina, our data show that Tarboro's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Tarboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tarboro - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Tarboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$95,289

Tarboro, NC HOME PRICES

Value Range
> $1,015,000 0.3
$761,001 - $1,015,000 0.2
$508,001 - $761,000 0.9
$406,001 - $508,000 0.0
$304,001 - $406,000 3.1
$203,001 - $304,000 7.7
$102,001 - $203,000 35.3
$51,001 - $102,000 33.8
$0 - $51,000 18.8

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
80.5929919137466 83.4845735027223

Number Of Homes And Apartments:
4,577

Tarboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.15% 1.26% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$910 / per month

Homeownership Rate

Homeownership
Owners 49.03
Renters 50.97
Vacant 9.92

Housing Market Details

 

Age of Homes

AGE OF Tarboro HOMES
2000 or Newer 12.9
1970 - 1999 38.5
1940 - 1969 35.9
1939 or Older 12.8

Types of Homes

TYPE OF Tarboro HOMES
Single-Family 66.2
Townhomes 1.6
Small Apt. Buildings 13.6
Apt. Complexes 13.7
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Tarboro HOMES
No Bedroom 1.48
1 Bedroom 11.87
2 Bedrooms 29.50
3 Bedrooms 43.18
4 Bedrooms 13.17
5 or more bedrooms 0.81