Carthage, MS—39051
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carthage, MS
Carthage, MS lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $155,000 | -1.9% |
| Single Family | $155,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $161,000 | 0.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Carthage, MS
Carthage, MS lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Carthage, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Carthage, MS is 93. This is a increase of 62.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $268,000 | 32.0% |
Listing Count | 26 | 27.0% |
| Listings as % of Homes | 0.2% | 27.0% |
Days on Market | 93 | 62.0% |
Demographics — Carthage, MS
As of the latest ACS Survey released in 2023, Carthage, MS has a population of 15,200, which has decreased by -9.8% over the past 5 years. Carthage, MS is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,200 | -9.8% |
% Under 18 | 22.2% | -20.1% |
% Seniors | 18.1% | 17.5% |
% WFH | 6.7% | 294.1% |
% w/ College Degree | 17.2% | 22.9% |
As of the latest ACS Survey released in 2023, Carthage, MS is a predominantly white area, with 46.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Carthage, MS is black, making up 39.3% of the population. Foreign-born residents account for 3.6% of the population in Carthage, MS, and this percentage has increased by 38.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.8% | -6.0% |
% Black | 39.3% | -0.5% |
% Hispanic | 7.8% | 30.0% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 3.6% | 38.5% |
Mortgage and Risk — Carthage, MS
According to HUD data as of 2023, there were 131 mortgage originations in Carthage, MS, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Carthage, MS. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 131 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Carthage, MS
Carthage, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 240 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 9.8% |
% Occupied Section 8 | 94.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Carthage, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $155,000 |
| Median Household Income | $45,800 |