The size of Tarra Valley is approximately 36 square kilometres. It has 2 parks covering nearly 41.8% of total area. The population of Tarra Valley in 2011 was 477 people. By 2016 the population was 60 showing a population decline of 87.4% in the area during that time. The predominant age group in Tarra Valley is 60-69 years. Households in Tarra Valley are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tarra Valley work in a professional occupation. In 2011, 87% of the homes in Tarra Valley were owner-occupied compared with 100% in 2016..
Tarra Valley has 52 properties. Over the last 5 years, Houses in Tarra Valley have seen a 22.26% increase in median value, while Units have seen a 153.57% increase. As at 31 October 2024:
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