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Tarrant

Learn about the people, housing, costs and businesses in Tarrant, Alabama

Median Home$109,902
Median Rent$898/month
Population5,808
Leading IndustriesFinance & Insurance · Information & Media · Transportation9% finance & insurance
Home Value Growth⬆⬆+14.5% over 2 years
Young Adults31% of residentsabove average nationally
Renters61% of occupied units
NotableAmenity Score74/100 · highly walkable area
Tarrant
AL

Frequently Asked Questions

What are today's mortgage rates in Tarrant?

As of today, the 30-year fixed mortgage rate for Tarrant is approximately 7.625% (7.725% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Tarrant?

The median home value in Tarrant is $110k. The median monthly rent is $898. Annual property taxes average $653. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tarrant?

Home values in Tarrant have increased 14.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tarrant?

Based on a typical all-in ownership cost of $828/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tarrant is $43k/year.

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What industries drive the economy in Tarrant?

The largest employment sectors in Tarrant are public administration (13%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.