Carthage, NY—13619
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Carthage, NY
Home Price Trends — Carthage, NY
As of Oct '25, the median home price in Carthage, NY is $195,000, with a year-over-year change of 2.5%. This indicates that home prices in Carthage, NY are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $195,000 | 2.5% |
| Single Family | $195,000 | 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 | $147,000 | 2.8% |
3 Bed | $199,000 | 1.5% |
4 Bed | $226,000 | 1.3% |
| 5 Bed | $265,000 | -0.4% |
% of Housing Stock
Rental Trends — Carthage, NY
As of July '25, Rentcast reports the average rent in Carthage, NY is $1,260, with a year-over-year rent change of 4.1%. Per bedroom, the median rent as of July '25 in Carthage, NY is 1-bedrooms: $909, 2-bedrooms: $1,100, 3-bedrooms: $1,600, 4-bedrooms: $1,680. The most common rental property sizes in Carthage, NY are 3-bedroom and 2-bedroom, accounting for 38.1% and 37.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $909 |
| 2 Bed Rent | $1,000 | $1,100 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | $1,600 | $1,680 |
% of Rental Stock
Property Listings — Carthage, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Carthage, NY is 97. This is a increase of 58.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $212,000 | 8.0% |
Listing Count | 75 | 43.0% |
| Listings as % of Homes | 0.9% | 43.0% |
Days on Market | 97 | 58.0% |
Demographics — Carthage, NY
As of the latest ACS Survey released in 2023, Carthage, NY has a population of 10,800, which has increased by 1.3% over the past 5 years. Carthage, NY is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 1.3% |
% Under 18 | 25.3% | 3.3% |
% Seniors | 13.9% | -1.4% |
% WFH | 5.0% | 2.0% |
% w/ College Degree | 19.1% | 11.7% |
As of the latest ACS Survey released in 2023, Carthage, NY is a predominantly white area, with 83.0% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Carthage, NY is hispanic, making up 5.7% of the population. Foreign-born residents account for 4.2% of the population in Carthage, NY, and this percentage has increased by 44.8% 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 | 83.0% | -6.8% |
% Black | 2.5% | -28.6% |
% Hispanic | 5.7% | 62.9% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 4.2% | 44.8% |
Mortgage and Risk — Carthage, NY
According to HUD data as of 2023, there were 187 mortgage originations in Carthage, NY, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Carthage, NY. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 187 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Carthage, NY
As of 2024, the percent of homes in Carthage, NY under the Section 8 program is 5.6%. 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. In Carthage, NY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 240 |
Total Units Section 8 | 90 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $900 | $940 |
| 2 Bedroom | $230 | $1,000 | $1,230 |
| 3 Bedroom | $60 | $1,600 | $1,660 |
| 4 Bedroom | $410 | $1,600 | $2,010 |
Affordability — Carthage, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $195,000 |
| Median Household Income | $63,500 |