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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,233, 2,188 total housing units (homes and apartments), and a median house value of $79,738, house prices in Tarentum are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Tarentum, accounting for 55.30% of the borough's housing units. Other types of housing that are prevalent in Tarentum include large apartment complexes or high rise apartments ( 18.91%), duplexes, homes converted to apartments or other small apartment buildings ( 18.65%), and a few row houses and other attached homes ( 6.20%).
Dwellings in Tarentum tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 56.07% of the homes in Tarentum have two or fewer bedrooms.
The housing in Tarentum was primarily built before 1939 ( 62.88%), making the housing stock in Tarentum some of the oldest overall in America, although there is a range of ages of homes in Tarentum. The next most important housing age is between 1940-1969 ( 18.35%), followed by between 1970-1999 ( 11.33%). There's also some housing in Tarentum built between 2000 and later ( 7.45%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Tarentum, where house values have increased just 43.05%, which is annualized rate of 3.65%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Tarentum appreciation rates have trailed the rest of the nation. In the last twelve months, Tarentum's appreciation rate has been 3.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tarentum were at -3.25%, which equates to an annual appreciation rate of -12.37%.
Notably, Tarentum's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Tarentum's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.
$79,738
for Pennsylvania
for nation
2,188
$1,493 / per month