Tarboro Home Prices & Values

$74,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 16.5% 1-year change
  • 9.9% 1-year forecast

The median home value in Tarboro is $74,300. Tarboro home values have gone up 16.5% over the past year and Zillow predicts they will rise 9.9% within the next year. The median list price per square foot in Tarboro is $61, which is lower than the Rocky Mount Metro average of $73. The median price of homes currently listed in Tarboro is $119,900 while the median price of homes that sold is $122,500.

Foreclosures will be a factor impacting home values in the next several years. In Tarboro 6.9 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Tarboro is 6.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Tarboro homeowners underwater on their mortgage is 11.6%.

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Relative ZHVI
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Tarboro Market Overview

Data through Aug 31, 2014
  • $74,300 ZHVI
  • 9.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $119,900 Median listing price
  • No recent data Median sale price
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Tarboro Market Health

Data through Aug 31, 2014
  • 7.1/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 11.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.9 homes Tarboro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Elm City $124,600 Rocky Mount $72,900 Farmville $71,200
Macclesfield $69,300 Pinetops $66,000 Bethel $61,500
Princeville $51,500    

Listings & Sales

Data through Aug 31, 2014
  • $61 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 34.0% Listings with price cut
12.6%
Sold below listing
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Tarboro Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$801 Tarboro
$834 Rocky Mount Metro
$1,328 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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