Market Overview
Home Prices in Carthage, TX
The median home value in Carthage, TX is $201,626 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carthage are priced51% below average.
Over the past five years, Carthage home values have risen by approximately15.0%, reflecting steady appreciation in this market.
Price History
Carthage Home Price Trend
2020
$162,357
$162K
—
2021
$175,252
$175K
+7.9%
2022
$199,390
$199K
+13.8%
2023
$193,606
$194K
-2.9%
2024
$192,739
$193K
-0.4%
2025
$190,616
$191K
-1.1%
2026
$201,626
$202K
+5.8%
City Comparison
Carthage vs. National Median
🏠 Carthage
$201,626
National Median
$410,000
At $201,626, homes in Carthage cost 51% below the national median of $410,000. This makes Carthage a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Carthage?
20% Down Payment
$40,325
on $201,626
Monthly P&I
$1,052/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,336/mo
incl. taxes & insurance
Income Needed
$53,440
gross annual (30% rule)
10% Down Option
$20,163
+ PMI applies
Loan Amount (20% dn)
$161,301
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Carthage, TX?
The median home value in Carthage is $201,626 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Carthage?
Over the past year, home values in Carthage have increased by 5.8%. Over five years, prices have risen approximately 15.0%.
How much do I need to earn to buy a home in Carthage?
To comfortably afford the median home price of $201,626 with a 20% down payment ($40,325) at today's rates (6.8%), you'd need a gross annual income of approximately $53,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Carthage compare to the national average home price?
The national median home value is approximately $410,000. At $201,626, homes in Carthage are 51% below the national average.