Carthage, IL 62321 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Carthage, IL—62321

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$120,000

11.0% YoY Growth

Household Income

$74,900

40.4% YoY Growth

Days on Market

126

3.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$600

12.3% YoY Growth

1-Bed Rent

$750

0.0% YoY Growth

2-Bed Rent

$570

N/A

3-Bed Rent

$713

N/A

Home Price Trends — Carthage, IL

As of Dec '25, the median home price in Carthage, IL is $120,000, with a year-over-year change of 11.0%. This indicates that home prices in Carthage, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$120,000	11.0%
Single Family	$120,000	11.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Carthage, IL

As of July '25, Rentcast reports the average rent in Carthage, IL is $658, with a year-over-year rent change of -12.3%. Per bedroom, the median rent as of July '25 in Carthage, IL is 1-bedrooms: $750, 2-bedrooms: $585, 3-bedrooms: $713. The most common rental property sizes in Carthage, IL are 2-bedroom and 1-bedroom, accounting for 33.0% and 20.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$600	$658
Studio Rent	N/A	N/A
1 Bed Rent	$750	$750
2 Bed Rent	$570	$585
3 Bed Rent	$713	$713
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

18.1%

1 Bedroom

20.2%

2 Bedrooms

33.0%

3 Bedrooms

18.6%

4 Bedrooms

3.7%

5+ Bedrooms

6.4%

Property Listings — Carthage, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Carthage, IL is 87. This is a increase of 10.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$136,000	-10.0%
Listing Count	21	74.0%
Listings as % of Homes	0.6%	74.0%
Days on Market	126	-3.0%

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Demographics — Carthage, IL

As of the latest ACS Survey released in 2023, Carthage, IL has a population of 3,680, which has decreased by -4.2% over the past 5 years. Carthage, IL is a moderately popular place for families, as children make up 16.8% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,680	-4.2%
% Under 18	16.8%	-24.0%
% Seniors	23.3%	4.0%
% WFH	3.3%	-52.2%
% w/ College Degree	33.3%	24.3%

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As of the latest ACS Survey released in 2023, Carthage, IL is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Carthage, IL is hispanic, making up 4.0% of the population. Foreign-born residents account for 3.6% of the population in Carthage, IL, and this percentage has increased by 157.1% 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	91.5%	-3.7%
% Black	0.6%	20.0%
% Hispanic	4.0%	37.9%
% Asian	0.5%	25.0%
% Foreign Born	3.6%	157.1%

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Mortgage and Risk — Carthage, IL

According to HUD data as of 2023, there were 70 mortgage originations in Carthage, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Carthage, IL. Investor activity is low, as 0.0% of loans were by investors. 1.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	70
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	1.0%

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Rentals and Section 8 — Carthage, IL

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

Section 8 Market Size

Total Units under HUD	25
Total Units Section 8	0
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$10	$750	$740
2 Bedroom	$300	$570	$870
3 Bedroom	$377	$713	$1,090
4 Bedroom	N/A	N/A	$1,150

Carthage, IL—62321

Key Metrics at a Glance

Home Price Trends — Carthage, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carthage, IL

% of Rental Stock

Property Listings — Carthage, IL

Demographics — Carthage, IL

Race and Ethnicity

Mortgage and Risk — Carthage, IL

Mortgages

Rentals and Section 8 — Carthage, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Carthage, IL

Home Price to Income Ratio

Carthage, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Elvaston

Basco, IL

Dallas City, IL

Bowen, IL

West Point, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.5
Median Home Price	$120,000
Median Household Income	$74,900

Carthage, IL—62321

Key Metrics at a Glance

Home Price Trends — Carthage, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carthage, IL

% of Rental Stock

Property Listings — Carthage, IL

Demographics — Carthage, IL

Race and Ethnicity

Mortgage and Risk — Carthage, IL

Mortgages

Rentals and Section 8 — Carthage, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Carthage, IL

Home Price to Income Ratio

Carthage, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Elvaston

Basco, IL

Dallas City, IL

Bowen, IL

West Point, IL

Frequently Asked Questions

What is the average home price in Carthage, IL 62321?

How have home prices in Carthage, IL 62321 changed over the past year?

What is the home price projection for Carthage, IL 62321?

What are the demographics of Carthage, IL 62321?

How long does it take homes to sell in Carthage, IL 62321?

What is the average rent price in Carthage, IL 62321?