Tallapoosa County, Alabama Housing Market Prices
Tallapoosa County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 11% above the Alabama median More expensive than 71% of counties in Alabama$177,344
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Median rent 24% below the Alabama median$765
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tallapoosa County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,344 | $160,474 | $248,835 |
| Price Trend (Annual %) | 11.4% | 6.3% | 7.5% |
| Median Gross Rent | $765 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tallapoosa County is about 11% higher than in Alabama. Rent is about 24% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Tallapoosa County, up about 11.4% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Tallapoosa County rose about 33.0% between 2015 and 2024, from $575 to $765. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Tallapoosa County.
Buying the median-priced home in Tallapoosa County costs roughly 19.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tallapoosa County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Tallapoosa County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,344 | $160,474 | $248,835 |
| Median Household Income | $59,380 | $64,544 | $80,455 |
| Price-to-Income Ratio | 3.0 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tallapoosa County rose about 111.1%, while median household income rose about 53.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Tallapoosa County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.1% | 60.0% | 58.5% |
| Rental Rate | 17.6% | 25.5% | 31.2% |
| Vacancy Rate | 26.3% | 14.5% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Tallapoosa County has a homeownership rate of 56.1%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 26.3%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Tallapoosa County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1984 | 1985 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Tallapoosa County was built around 1984. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Tallapoosa County, AL Housing Compared With Nearby Counties
Tallapoosa County, AL is the 2nd largest of the 4 counties compared here, 40,938 residents against a local median of 34,192. The measure that sets Tallapoosa County, AL apart most is median home price: $177,344, 113% above the local median of $83,214.
The counties themselves sit within $63,075 of each other on median home price, a tighter band than the gap between any of them and Tallapoosa County, AL, which makes it a genuine outlier here rather than one end of a wide local spread. Tallapoosa County, AL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tallapoosa County, AL | 40,938 | $177,344 #1/4 | $765 #3/4 | 76.1% #2/4 |
| Chambers County, AL | 34,192 | $83,214 | $871 | 71.8% |
| Elmore County, AL | 89,526 | $49,642 | $1,071 | 77.0% |
| Macon County, AL | 18,691 | $112,717 | $733 | 61.5% |
Frequently Asked Questions
Common questions about the housing market in Tallapoosa County, Alabama.
What is the median home price in Tallapoosa County, Alabama?
The median home price in Tallapoosa County, Alabama is $177,344, higher than the Alabama average of $160,474.
What is the average home price in Tallapoosa County, Alabama?
The typical home price in Tallapoosa County, Alabama, reported as the median sale price, is $177,344. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Tallapoosa County, Alabama?
The median gross rent in Tallapoosa County, Alabama is $765 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Tallapoosa County in 2020?
In 2020, the median gross rent in Tallapoosa County, Alabama was $644 per month.
What is the price-to-rent ratio in Tallapoosa County, Alabama?
The price-to-rent ratio in Tallapoosa County, Alabama is about 19.3, meaning it would take roughly 19.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Tallapoosa County.
Are home prices or rent rising faster in Tallapoosa County, Alabama?
Both home prices and rent are rising in Tallapoosa County, up about 11.4% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tallapoosa County, Alabama?
56.1% of households in Tallapoosa County, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Tallapoosa County, Alabama?
The housing vacancy rate in Tallapoosa County, Alabama is 26.3%, higher than the Alabama average of 14.5%.
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