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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Carthage, TX Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Carthage, TX Housing Market Trends

With a population of 6,562, 2,511 total housing units (homes and apartments), and a median house value of $193,385, 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 68.06% 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 ( 13.44%), mobile homes or trailers ( 10.19%), and a few large apartment complexes or high rise apartments ( 7.41%).

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 62.75% owning and 37.25% 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 2000 and later ( 28.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.40%).

Vacant housing appears to be an issue in Carthage. Fully 22.43% 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

Carthage's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Carthage during the period has been just 5.13%, which is lower than 70% of US communities.

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 4.05%, 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 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Texas, our data show that Carthage's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$193,385

Carthage, TX Home Prices
> $1,283,000
$963,001 - $1,283,000
$642,001 - $963,000
$514,001 - $642,000
$385,001 - $514,000
$256,001 - $385,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
0.8%
0.8%
0.0%
0.0%
4.0%
4.0%
1.0%
1.0%
6.1%
6.1%
17.4%
17.4%
52.0%
52.0%
12.9%
12.9%
5.6%
5.6%
0% 100.0%
% of Homes
Low

for Texas

Low

for nation

Number of Homes And Apartments:

2,511

Carthage Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,224 / per month

Homeownership Rate

Owners
Renters
62.8%
62.8%
37.2%
37.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
22.4%
22.4%
77.6%
77.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.9%
28.9%
43.4%
43.4%
27.4%
27.4%
0.2%
0.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.1%
68.1%
0.9%
0.9%
13.4%
13.4%
7.4%
7.4%
10.2%
10.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
16.6%
16.6%
23.4%
23.4%
53.5%
53.5%
3.5%
3.5%
3.1%
3.1%
0% 100.0%
% of Homes

Popular Communities Near Carthage, TX

Zip Codes in Carthage, TX