The size of Tarra Valley is approximately 36.0 square kilometres. It has 2 parks covering nearly 41.8% of total area. The population of Tarra Valley in 2016 was 77 people. By 2021 the population was 85 showing a population growth of 10.4% in the area during that time. The predominant age group in Tarra Valley is 50-59 years. Households in Tarra Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarra Valley work in a managers occupation.In 2021, 89.70% of the homes in Tarra Valley were owner-occupied compared with 100.00% in 2016.
Tarra Valley has 53 properties. Over the last 5 years, Houses in Tarra Valley have seen a 43.75% increase in median value, while Units have seen a 153.57% increase. As at 31 October 2025:
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