Carthage, MO—64836
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carthage, MO
As of Oct '25, the median home price in Carthage, MO is $239,000, with a year-over-year change of 2.8%. This indicates that home prices in Carthage, MO are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $239,000 | 2.8% |
| Single Family | $238,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | 2.3% |
3 Bed | $218,000 | 3.3% |
4 Bed | $297,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Carthage, MO
As of July '25, Rentcast reports the average rent in Carthage, MO is $1,100, with a year-over-year rent change of 14.8%. Per bedroom, the median rent as of July '25 in Carthage, MO is 1-bedrooms: $700, 2-bedrooms: $853, 3-bedrooms: $1,390, 4-bedrooms: $1,600. The most common rental property sizes in Carthage, MO are 2-bedroom and 3-bedroom, accounting for 46.6% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $700 |
| 2 Bed Rent | $825 | $853 |
| 3 Bed Rent | $1,500 | $1,390 |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Carthage, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Carthage, MO is 53. This is a increase of 52.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $277,000 | 2.0% |
Listing Count | 113 | 21.0% |
| Listings as % of Homes | 0.7% | 21.0% |
Days on Market | 53 | 52.0% |
Demographics — Carthage, MO
As of the latest ACS Survey released in 2023, Carthage, MO has a population of 25,700, which has increased by 6.7% over the past 5 years. Carthage, MO is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 24.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | 6.7% |
% Under 18 | 28.2% | 6.8% |
% Seniors | 14.3% | -13.3% |
% WFH | 8.2% | 70.8% |
% w/ College Degree | 24.0% | 35.6% |
As of the latest ACS Survey released in 2023, Carthage, MO is a predominantly white area, with 67.8% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Carthage, MO is hispanic, making up 24.6% of the population. Foreign-born residents account for 9.6% of the population in Carthage, MO, and this percentage has decreased by 13.5% 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 | 67.8% | -6.9% |
% Black | 1.0% | -33.3% |
% Hispanic | 24.6% | 12.8% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 9.6% | -13.5% |
Mortgage and Risk — Carthage, MO
According to HUD data as of 2023, there were 426 mortgage originations in Carthage, MO, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Carthage, MO. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 426 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Carthage, MO
As of 2024, the percent of homes in Carthage, MO under the Section 8 program is 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Carthage, MO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 291 |
Total Units Section 8 | 290 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 86.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $775 | $850 |
| 2 Bedroom | $225 | $825 | $1,050 |
| 3 Bedroom | -$160 | $1,500 | $1,340 |
| 4 Bedroom | -$170 | $1,600 | $1,430 |
Affordability — Carthage, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $239,000 |
| Median Household Income | $58,800 |