Carthage, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Carthage, TX 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 6,844, 2,613 total housing units (homes and apartments), and a median house value of $116,678, 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 75.13% of the city's housing units. Other types of housing that are prevalent in Carthage include large apartment complexes or high rise apartments ( 8.91%), mobile homes or trailers ( 8.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.12%).

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 60.39% owning and 39.61% 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 ( 38.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.02%). There's also some housing in Carthage built before 1939 ( 2.52%).

Carthage Home Appreciation Rates

In the last 10 years, Carthage has experienced some of the highest home appreciation rates of any community in the nation. Carthage real estate appreciated 21.77% over the last ten years, which is an average annual home appreciation rate of 1.99%, putting Carthage in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Carthage definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 1.32%, 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 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Carthage's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$116,678

Carthage, TX HOME PRICES

Value Range
> $1,103,000 0.0
$828,001 - $1,103,000 3.1
$552,001 - $828,000 0.0
$441,001 - $552,000 0.0
$331,001 - $441,000 0.7
$221,001 - $331,000 13.0
$110,001 - $221,000 32.2
$55,001 - $110,000 26.0
$0 - $55,000 25.0

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
67.3092698933552 51.0700389105058

Number Of Homes And Apartments:
2,613

Carthage Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
60.51% 2.78% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$874 / per month

Homeownership Rate

Homeownership
Owners 60.39
Renters 39.61
Vacant 9.74

Housing Market Details

 

Age of Homes

AGE OF Carthage HOMES
2000 or Newer 10.0
1970 - 1999 49.2
1940 - 1969 38.3
1939 or Older 2.5

Types of Homes

TYPE OF Carthage HOMES
Single-Family 75.1
Townhomes 0.4
Small Apt. Buildings 7.1
Apt. Complexes 8.9
Mobile Homes 8.4
Other 0.0

Home Size

SIZE OF Carthage HOMES
No Bedroom 1.87
1 Bedroom 8.46
2 Bedrooms 24.94
3 Bedrooms 59.45
4 Bedrooms 5.28
5 or more bedrooms 0.00

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Zip Codes in Carthage, TX