Tarboro, NC—27886
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tarboro, NC
As of Oct '25, the median home price in Tarboro, NC is $151,000, with a year-over-year change of -3.8%. This indicates that home prices in Tarboro, NC are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $151,000 | -3.8% |
| Single Family | $151,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $86,000 | -9.5% |
3 Bed | $156,000 | -3.1% |
4 Bed | $227,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tarboro, NC
As of July '25, Rentcast reports the average rent in Tarboro, NC is $1,200, with a year-over-year rent change of 17.6%. Per bedroom, the median rent as of July '25 in Tarboro, NC is 1-bedrooms: $750, 2-bedrooms: $941, 3-bedrooms: $1,060, 4-bedrooms: $1,780. The most common rental property sizes in Tarboro, NC are 2-bedroom and 3-bedroom, accounting for 50.2% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $950 | $941 |
| 3 Bed Rent | $850 | $1,060 |
| 4 Bed Rent | $1,870 | $1,780 |
% of Rental Stock
Property Listings — Tarboro, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Tarboro, NC is 71. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $230,000 | 11.0% |
Listing Count | 60 | 23.0% |
| Listings as % of Homes | 0.7% | 23.0% |
Days on Market | 71 | 5.0% |
Demographics — Tarboro, NC
As of the latest ACS Survey released in 2023, Tarboro, NC has a population of 18,600, which has decreased by -9.2% over the past 5 years. Tarboro, NC is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | -9.2% |
% Under 18 | 21.5% | 4.4% |
% Seniors | 24.8% | 14.8% |
% WFH | 9.1% | 250.0% |
% w/ College Degree | 19.0% | 27.5% |
As of the latest ACS Survey released in 2023, Tarboro, NC is a predominantly black area, with 49.3% of the population identifying as black. The black population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Tarboro, NC is white, making up 36.9% of the population. Foreign-born residents account for 6.1% of the population in Tarboro, NC, and this percentage has increased by 69.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 36.9% | -13.2% |
% Black | 49.3% | 1.2% |
% Hispanic | 12.0% | 64.4% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 6.1% | 69.4% |
Mortgage and Risk — Tarboro, NC
According to HUD data as of 2023, there were 288 mortgage originations in Tarboro, NC, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Tarboro, NC. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 288 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Tarboro, NC
As of 2024, the percent of homes in Tarboro, NC under the Section 8 program is 10.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Tarboro, NC, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 450 |
Total Units Section 8 | 257 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 82.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $750 | $840 |
| 2 Bedroom | $90 | $950 | $1,040 |
| 3 Bedroom | $570 | $850 | $1,420 |
| 4 Bedroom | -$100 | $1,870 | $1,770 |
Affordability — Tarboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $151,000 |
| Median Household Income | $51,200 |