Tarboro, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tarboro Neighborhoods Since 2000




Tarboro, NC Real Estate Data


Tarboro Housing Market Information

With 11,164 people, 4,577 houses or apartments, and a median cost of homes of $93,477, 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

Real estate appreciation rates in Tarboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.03% during the period.

Over the last year, Tarboro appreciation rates have trailed the rest of the nation. In the last twelve months, Tarboro's appreciation rate has been -1.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tarboro were at -2.73%, which equates to an annual appreciation rate of -10.48%.

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

Relative to North Carolina, our data show that Tarboro's latest annual appreciation rate is lower than 90% 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:
$93,477

Tarboro, NC HOME PRICES

Value Range
> $996,000 0.2
$747,001 - $996,000 0.2
$498,001 - $747,000 0.9
$398,001 - $498,000 0.0
$299,001 - $398,000 3.1
$199,001 - $299,000 7.7
$100,001 - $199,000 35.3
$50,001 - $100,000 33.8
$0 - $50,000 18.8

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
81.6272120004688 84.573502722323

Number Of Homes And Apartments:
4,577

Rent & Ownership

 

Average Market Rent:
$848 / 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

Tarboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
22.21% 1.17% 5 2
* 10 is highest