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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 6,562 people, 2,511 houses or apartments, and a median cost of homes of $205,273, 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'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 5.67%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Carthage's appreciation rate, at 6.31%, has been at or slightly above the national average. In the latest quarter, Carthage's appreciation rate has been 1.51%, which annualizes to a rate of 6.17%.
Relative to Texas, our data show that Carthage's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$205,273
for Texas
for nation
2,511
$1,276 / per month