Real Estate Investing in Carthage, Illinois
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Should you buy in Carthage, IL? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.0% of homes vacant — above national norms.
What’s happening in Carthage, IL?
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Market Trends — Carthage, IL
Home Value History
Investing in Carthage Real Estate
Across Carthage's 1 ZIPs, the picture is modest: $126K median values, $828/mo rents, and a population that has faced real economic pressure.
A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Carthage is in that category.
Market conditions in Carthage are underwhelming. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.
Distressed-leaning demographics in Carthage — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.
Best ZIP codes in Fort Madison-Keokuk, IA-IL-MO
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Landlord Ground Truth
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ZIP Codes in Carthage, IL
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View PlansFrequently Asked Questions About Carthage, IL
What price range are homes in Carthage, IL?
Homes in Carthage, IL typically sell near $126K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How do landlord-tenant laws work in Carthage, IL?
The landlord environment in Carthage, IL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong is tenant demand in Carthage, IL?
The tenant pool in Carthage, IL is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
What is the rental occupancy rate in Carthage, IL?
Expect elevated vacancy in Carthage, IL. Rents at $828/mo are absorbed by the tenant base without meaningful lag.
Is Carthage, IL better for rentals, flips, or BRRRR?
The best-fit strategy in Carthage, IL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Community Ratings
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