The typical owner-occupied home in Carthage is worth about $146,800, 36% below the Missouri median of $230,300 and 56% below the national median of $332,700. Owners pay a median $1,095 a year in property taxes, about 0.75% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $51,328 a year, so the median home costs 2.9 times the median income (3.3 times for Missouri). 53% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Carthage at a glance
| Carthage | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $146,800 | $230,300 | $332,700 |
| Median property tax paid per year | $1,095 | $1,948 | $3,119 |
| Property tax as a share of value | 0.75% | 0.85% | 0.94% |
| Median household income | $51,328 | $70,702 | $80,734 |
| Homes lived in by their owners | 53% | 68% | 65% |
| Owner homes with a mortgage | 63% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,199 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 19.0% | 21.0% |
| Median rent | $975 | $1,033 | $1,413 |
| Rent as a share of renters' income | 36.0% | 28.1% | 30.6% |
| Median year homes were built | 1973 | 1978 | 1980 |
| Vacant homes | 11.3% | 11.2% | 10.1% |
| Population | 15,574 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Carthage
At this week's average 30-year rate of 7.11%, buying the median Carthage home of $146,800 with 20% down costs about $943 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,188, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $40,412 for the 20%-down payment. That payment is 22% of the median Carthage household income of $51,328; at that income and 20% down, the 28% guideline points to a home of about $186,000.
The median rent here is $975 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $29,360 |
|---|---|
| Loan amount | $117,440 |
| Principal and interest | $790 |
| Property taxes (0.75% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| PMI | $0 |
| Total per month | $943 |
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| Down payment | $5,138 |
|---|---|
| Loan amount | $144,141 |
| Principal and interest | $970 |
| Property taxes (0.75% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| FHA mortgage insurance | $65 |
| Total per month | $1,188 |
Change the numbers in the calculator
Questions about home buying in Carthage
What is the median home value in Carthage?
About $146,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carthage?
Homeowners pay a median $1,095 a year, which is about 0.75% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Carthage?
For the median home with 20% down at 7.11%, the payment is about $943 a month. Keeping that under 28% of gross income takes about $40,412 a year.
More about Carthage
- Mortgage Refinance in Carthage
- Debt Relief in Carthage
- Home Equity Loans in Carthage
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data