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 3,281 people, 1,215 houses or apartments, and a median cost of homes of $228,748, house prices in Tallapoosa are solidly below the national average.
Single-family detached homes are the single most common housing type in Tallapoosa, accounting for 68.99% of the city's housing units. Other types of housing that are prevalent in Tallapoosa include duplexes, homes converted to apartments or other small apartment buildings ( 14.85%), mobile homes or trailers ( 10.75%), and a few row houses and other attached homes ( 2.86%).
The most prevalent building size and type in Tallapoosa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.49% owning and 45.51% renting.
There is a lot of housing in Tallapoosa 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 Tallapoosa built between 2000 and later ( 20.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.07%). There's also some housing in Tallapoosa built before 1939 ( 10.44%).
In the last 10 years, Tallapoosa has experienced some of the highest home appreciation rates of any community in the nation. Tallapoosa real estate appreciated 148.11% over the last ten years, which is an average annual home appreciation rate of 9.51%, putting Tallapoosa in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tallapoosa definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Tallapoosa that despite a nationwide downturn in the housing market, Tallapoosa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tallapoosa appreciation rates continue to be some of the highest in America, at 13.19%, which is higher than appreciation rates in 95.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tallapoosa. Tallapoosa appreciation rates in the latest quarter were at 2.20%, which equates to an annual appreciation rate of 9.09%.
Relative to Georgia, our data show that Tallapoosa's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.
$228,748
for Georgia
for nation
1,215
$1,197 / per month