Carthage, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Carthage Neighborhoods Since 2000




Carthage, IL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Carthage Housing Market Information

With a population of 2,545, 1,149 total housing units (homes and apartments), and a median house value of $101,401, house prices in Carthage are solidly below the national average.

Single-family detached homes are the single most common housing type in Carthage, accounting for 70.60% of the city's housing units. Other types of housing that are prevalent in Carthage include duplexes, homes converted to apartments or other small apartment buildings ( 13.43%), large apartment complexes or high rise apartments ( 10.97%), and a few mobile homes or trailers ( 5.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carthage. Owner-occupied housing accounts for 65.63% of Carthage's homes, and 51.94% have either three or four bedrooms, which is average sized relative to America.

The housing in Carthage was primarily built before 1939 ( 34.40%), making the housing stock in Carthage some of the oldest overall in America, although there is a range of ages of homes in Carthage. The next most important housing age is between 1970-1999 ( 30.22%), followed by between 1940-1969 ( 28.81%). There's also some housing in Carthage built between 2000 and later ( 6.57%).

Vacant housing appears to be an issue in Carthage. Fully 14.25% of the housing stock is classified as vacant. Left unchecked, vacant Carthage homes and apartments can be a drag on the real estate market, holding Carthage real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Carthage Home Appreciation Rates

Appreciation rates for homes in Carthage have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.17%, which ranks in the top 40% nationwide. This equates to an annual average Carthage house appreciation rate of 0.79%.

Over the last year, Carthage appreciation rates have trailed the rest of the nation. In the last twelve months, Carthage's appreciation rate has been 2.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carthage were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Carthage's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$101,401

Carthage, IL HOME PRICES

Value Range
> $1,062,000 0.0
$796,001 - $1,062,000 0.0
$531,001 - $796,000 1.2
$425,001 - $531,000 0.0
$319,001 - $425,000 4.6
$212,001 - $319,000 4.4
$106,001 - $212,000 33.5
$53,001 - $106,000 47.5
$0 - $53,000 8.7

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
76.7139341380523 69.746835443038

Number Of Homes And Apartments:
1,149

Carthage Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
41.13% 2.02% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$618 / per month

Homeownership Rate

Homeownership
Owners 65.63
Renters 34.37
Vacant 14.25

Housing Market Details

 

Age of Homes

AGE OF Carthage HOMES
2000 or Newer 6.6
1970 - 1999 30.2
1940 - 1969 28.8
1939 or Older 34.4

Types of Homes

TYPE OF Carthage HOMES
Single-Family 70.6
Townhomes 0.0
Small Apt. Buildings 13.4
Apt. Complexes 11.0
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Carthage HOMES
No Bedroom 6.49
1 Bedroom 13.06
2 Bedrooms 25.75
3 Bedrooms 40.45
4 Bedrooms 11.49
5 or more bedrooms 2.76