Carthage, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Carthage, NC 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 2,395, 865 total housing units (homes and apartments), and a median house value of $172,679, Carthage real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Carthage, accounting for 72.12% of the town's housing units. Other types of housing that are prevalent in Carthage include mobile homes or trailers ( 14.09%), duplexes, homes converted to apartments or other small apartment buildings ( 7.59%), and a few large apartment complexes or high rise apartments ( 6.21%).

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 66.43% of Carthage's homes, and 65.02% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 24.14%). A lesser amount of the housing stock also hails from before 1939 ( 22.36%). There's also some housing in Carthage built between 1940-1969 ( 20.00%).

Vacant housing appears to be an issue in Carthage. Fully 14.78% 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

Real estate appreciation rates in Carthage's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

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 -0.02%, 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 -0.54%, which equates to an annual appreciation rate of -2.13%.

Notably, Carthage's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Carthage's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$172,679

Carthage, NC HOME PRICES

Value Range
> $1,033,000 1.5
$775,001 - $1,033,000 0.1
$516,001 - $775,000 2.3
$413,001 - $516,000 1.6
$310,001 - $413,000 11.6
$206,001 - $310,000 21.2
$103,001 - $206,000 28.3
$51,001 - $103,000 23.3
$0 - $51,000 10.0

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
40.6832298136646 32.8493647912886

Number Of Homes And Apartments:
865

Carthage Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
29.54% 1.51% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 66.43
Renters 33.57
Vacant 14.78

Housing Market Details

 

Age of Homes

AGE OF Carthage HOMES
2000 or Newer 24.1
1970 - 1999 33.5
1940 - 1969 20.0
1939 or Older 22.4

Types of Homes

TYPE OF Carthage HOMES
Single-Family 72.1
Townhomes 0.0
Small Apt. Buildings 7.6
Apt. Complexes 6.2
Mobile Homes 14.1
Other 0.0

Home Size

SIZE OF Carthage HOMES
No Bedroom 4.43
1 Bedroom 6.80
2 Bedrooms 19.80
3 Bedrooms 51.72
4 Bedrooms 13.30
5 or more bedrooms 3.94

Popular Neighborhoods in Carthage

Zip Codes in Carthage, NC