Carthage, IN 46115 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Carthage, IN—46115

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$228,000

4.0% YoY Growth

Household Income

$49,500

7.1% YoY Growth

Days on Market

78

48.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$528

44.4% YoY Growth

1-Bed Rent

$528

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Carthage, IN

Carthage, IN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$228,000	4.0%
Single Family	$228,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Carthage, IN

As of July '25, Rentcast reports the average rent in Carthage, IN is $528, with a year-over-year rent change of -44.4%. Per bedroom, the median rent as of July '25 in Carthage, IN is 1-bedrooms: $528. The most common rental property sizes in Carthage, IN are 3-bedroom and 1-bedroom, accounting for 58.0% and 27.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$528	$528
Studio Rent	N/A	N/A
1 Bed Rent	$528	$528
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

27.1%

2 Bedrooms

13.8%

3 Bedrooms

58.0%

4 Bedrooms

1.1%

Property Listings — Carthage, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Carthage, IN is 69. This is a increase of 3.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$247,000	-28.0%
Listing Count	6	14.0%
Listings as % of Homes	1.0%	14.0%
Days on Market	78	48.0%

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Demographics — Carthage, IN

As of the latest ACS Survey released in 2023, Carthage, IN has a population of 1,510, which has decreased by -19.3% over the past 5 years. Carthage, IN is a popular place for families, as children make up 25.9% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,510	-19.3%
% Under 18	25.9%	18.3%
% Seniors	17.0%	-15.8%
% WFH	7.5%	5.6%
% w/ College Degree	17.5%	-14.2%

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As of the latest ACS Survey released in 2023, Carthage, IN is a predominantly white area, with 97.7% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Carthage, IN is hispanic, making up 1.1% of the population. Foreign-born residents account for 0.0% of the population in Carthage, IN, and this percentage has decreased by 100.0% 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	97.7%	2.5%
% Black	0.0%	N/A
% Hispanic	1.1%	-66.7%
% Asian	0.0%	N/A
% Foreign Born	0.0%	-100.0%

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Mortgage and Risk — Carthage, IN

According to HUD data as of 2023, there were 56 mortgage originations in Carthage, IN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Carthage, IN. Investor activity is low, as 0.0% 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	56
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	0.0%
% Second Loans	2.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Carthage, IN

Carthage, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	0.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$512	$528	$1,040
2 Bedroom	N/A	N/A	$1,220
3 Bedroom	N/A	N/A	$1,590
4 Bedroom	N/A	N/A	$1,920

Carthage, IN—46115

Key Metrics at a Glance

Home Price Trends — Carthage, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carthage, IN

% of Rental Stock

Property Listings — Carthage, IN

Demographics — Carthage, IN

Race and Ethnicity

Mortgage and Risk — Carthage, IN

Mortgages

Rentals and Section 8 — Carthage, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Carthage, IN

Home Price to Income Ratio

Carthage, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Knightstown, IN

Charlottesville, IN

Gwynneville

Dunreith

Morristown, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$228,000
Median Household Income	$49,500

Carthage, IN—46115

Key Metrics at a Glance

Home Price Trends — Carthage, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carthage, IN

% of Rental Stock

Property Listings — Carthage, IN

Demographics — Carthage, IN

Race and Ethnicity

Mortgage and Risk — Carthage, IN

Mortgages

Rentals and Section 8 — Carthage, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Carthage, IN

Home Price to Income Ratio

Carthage, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Knightstown, IN

Charlottesville, IN

Gwynneville

Dunreith

Morristown, IN

Frequently Asked Questions

What is the average home price in Carthage, IN 46115?

How have home prices in Carthage, IN 46115 changed over the past year?

What is the home price projection for Carthage, IN 46115?

What are the demographics of Carthage, IN 46115?

How long does it take homes to sell in Carthage, IN 46115?

What is the average rent price in Carthage, IN 46115?