Carthage, NC—28327
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carthage, NC
As of Oct '25, the median home price in Carthage, NC is $399,000, with a year-over-year change of 0.9%. This indicates that home prices in Carthage, NC are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $399,000 | 0.9% |
| Single Family | $405,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | -2.3% |
3 Bed | $376,000 | 0.8% |
4 Bed | $519,000 | 2.6% |
| 5 Bed | $592,000 | 2.6% |
% of Housing Stock
Rental Trends — Carthage, NC
As of July '25, Rentcast reports the average rent in Carthage, NC is $2,310, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Carthage, NC is 1-bedrooms: $1,480, 2-bedrooms: $1,710, 3-bedrooms: $2,250, 4-bedrooms: $2,670. The most common rental property sizes in Carthage, NC are 3-bedroom and 2-bedroom, accounting for 48.6% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,480 |
| 2 Bed Rent | $1,700 | $1,710 |
| 3 Bed Rent | $2,200 | $2,250 |
| 4 Bed Rent | $2,750 | $2,670 |
% of Rental Stock
Property Listings — Carthage, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Carthage, NC is 70. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $470,000 | 21.0% |
Listing Count | 144 | 42.0% |
| Listings as % of Homes | 1.6% | 42.0% |
Days on Market | 70 | -26.0% |
Demographics — Carthage, NC
As of the latest ACS Survey released in 2023, Carthage, NC has a population of 19,000, which has increased by 17.2% over the past 5 years. Carthage, NC is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 35.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | 17.2% |
% Under 18 | 25.8% | 2.4% |
% Seniors | 16.3% | -5.8% |
% WFH | 11.6% | 93.3% |
% w/ College Degree | 35.7% | 27.0% |
As of the latest ACS Survey released in 2023, Carthage, NC is a predominantly white area, with 83.3% of the population identifying as white. The white population has grown by 3.2% in the last 5 years. The second most common race or ethnicity in Carthage, NC is hispanic, making up 7.7% of the population. Foreign-born residents account for 3.0% of the population in Carthage, NC, and this percentage has decreased by 3.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.3% | 3.2% |
% Black | 5.8% | -46.8% |
% Hispanic | 7.7% | 42.6% |
% Asian | 1.0% | -16.7% |
% Foreign Born | 3.0% | -3.2% |
Mortgage and Risk — Carthage, NC
According to HUD data as of 2023, there were 487 mortgage originations in Carthage, NC, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Carthage, NC. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 487 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Carthage, NC
Carthage, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 79 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,480 | $1,280 |
| 2 Bedroom | -$280 | $1,700 | $1,420 |
| 3 Bedroom | -$210 | $2,200 | $1,990 |
| 4 Bedroom | -$370 | $2,750 | $2,380 |
Affordability — Carthage, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $399,000 |
| Median Household Income | $84,800 |