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Advertise here →Carthage, TX · Market Data
Carthage, Texas real estate market data.
Real estate market data for Carthage, TX (Panola County) — Census median home value $153,100, county listing prices up about 2.6% over the past year.
Carthage, TX is in Panola County, Texas — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 6,568, with a median household income of $44,738. Census data puts Carthage's median home value at $153,100.
At a glance
Carthage market snapshot
Population
6,568
Median Household Income
$44,738
Median Home Value (city)
$153,100
Median Gross Rent
$737/mo
Price Trend (YoY)
+2.6%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Carthage different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Carthage's median home value — across all owner-occupied homes, not just recent sales — at $153,100.
County Price Trend
Panola County's FHFA house price index shows a 2.63% annual change in 2025.
Population & Income
Carthage has an estimated population of 6,568 and a median household income of $44,738, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Carthage's Census-reported median home value works out to about 3.4x the area's median household income, and median gross rent runs roughly 20% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Carthage FAQ
What are home values like in Carthage, TX?
The Census Bureau's American Community Survey puts Carthage's median home value at $153,100.
What is the population of Carthage, TX?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Carthage's population at approximately 6,568.
What's the median rent in Carthage, TX?
The Census ACS estimates median gross rent in Carthage at approximately $737 per month.
What is the median household income in Carthage, TX?
Census ACS data puts the median household income in Carthage at approximately $44,738.
Is the Carthage housing market growing?
Panola County's FHFA house price index shows a 2.63% annual change in 2025.
Is Carthage, TX affordable relative to income?
Census ACS data puts Carthage's median home value at about 3.4 times the median household income, with median gross rent equal to roughly 20% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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