Carthage, TX


Highest Appreciating Carthage Neighborhoods Since 2000

Carthage, TX Real Estate Data

Carthage Housing Market Information

With 6,844 people, 2,506 houses or apartments, and a median cost of homes of $115,054, 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 75.85% of the city's housing units. Other types of housing that are prevalent in Carthage include mobile homes or trailers ( 9.58%), large apartment complexes or high rise apartments ( 7.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.79%).

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 60.46% owning and 39.54% 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 ( 42.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.42%). There's also some housing in Carthage built before 1939 ( 3.39%).

Vacant housing appears to be an issue in Carthage. Fully 11.39% 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

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 25.40% over the last ten years, which is an average annual home appreciation rate of 2.29%, 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.

Appreciation rates are so strong in Carthage that despite a nationwide downturn in the housing market, Carthage real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carthage appreciation rates continue to be some of the highest in America, at 6.52%, which is higher than appreciation rates in 80.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carthage. Carthage appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Carthage one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values


Median Home Value:


Value Range
> $1,158,000 0.0
$868,001 - $1,158,000 0.0
$579,001 - $868,000 0.0
$463,001 - $579,000 0.1
$347,001 - $463,000 0.0
$232,001 - $347,000 10.8
$116,001 - $232,000 35.2
$58,001 - $116,000 25.9
$0 - $58,000 28.0

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
69.2451835802541 52.7184466019417

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$858 / per month

Homeownership Rate

Owners 60.46
Renters 39.54
Vacant 11.39

Housing Market Details


Age of Homes

2000 or Newer 8.4
1970 - 1999 45.5
1940 - 1969 42.7
1939 or Older 3.4

Types of Homes

Single-Family 75.8
Townhomes 0.6
Small Apt. Buildings 6.8
Apt. Complexes 7.2
Mobile Homes 9.6
Other 0.0

Home Size

No Bedroom 1.70
1 Bedroom 4.84
2 Bedrooms 23.16
3 Bedrooms 65.88
4 Bedrooms 4.03
5 or more bedrooms 0.39

Carthage Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
58.90% 2.76% 4 7
* 10 is highest

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Zip Codes in Carthage, TX