Carthage, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Carthage, MS 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 4,899 people, 1,528 houses or apartments, and a median cost of homes of $99,520, 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 67.42% 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 ( 11.55%), mobile homes or trailers ( 9.67%), and a few large apartment complexes or high rise apartments ( 6.75%).

The most prevalent building size and type in Carthage are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.87% owning and 56.13% renting.

There is a lot of housing in Carthage 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 Carthage built between 1940-1969 ( 27.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.58%). There's also some housing in Carthage built before 1939 ( 3.16%).

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 12.76%, which ranks in the top 30% nationwide. This equates to an annual average Carthage house appreciation rate of 1.21%.

NeighborhoodScout's data show that during the latest twelve months, Carthage's appreciation rate, at 3.34%, has been at or slightly above the national average. In the latest quarter, Carthage's appreciation rate has been 0.54%, which annualizes to a rate of 2.17%.

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

Average Home Values

 

Median Home Value:
$99,520

Carthage, MS HOME PRICES

Value Range
> $1,087,000 0.0
$815,001 - $1,087,000 0.0
$544,001 - $815,000 0.0
$435,001 - $544,000 0.0
$326,001 - $435,000 0.8
$218,001 - $326,000 6.3
$109,001 - $218,000 38.1
$54,001 - $109,000 29.3
$0 - $54,000 25.5

High for MS
Low for Nation

Value Relative to Nation Value Relative to State
77.850697292863 37.1428571428571

Number Of Homes And Apartments:
1,528

Carthage Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
56.09% 2.61% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$904 / per month

Homeownership Rate

Homeownership
Owners 43.87
Renters 56.13
Vacant 7.11

Housing Market Details

 

Age of Homes

AGE OF Carthage HOMES
2000 or Newer 10.6
1970 - 1999 59.1
1940 - 1969 27.2
1939 or Older 3.2

Types of Homes

TYPE OF Carthage HOMES
Single-Family 67.4
Townhomes 4.6
Small Apt. Buildings 11.6
Apt. Complexes 6.7
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Carthage HOMES
No Bedroom 0.43
1 Bedroom 8.88
2 Bedrooms 29.30
3 Bedrooms 52.46
4 Bedrooms 6.44
5 or more bedrooms 2.49

Popular Neighborhoods in Carthage

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Zip Codes in Carthage, MS