Real Estate Investing in Carthage, Indiana

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1 ZIP codes • Population: 1,512 • Rush County

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Should you buy in Carthage, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Carthage, IN?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.2% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $238,855
Avg Monthly Rent $990
ZIP Codes 1

Investing in Carthage Real Estate

With a sizable population across 1 ZIPs, Carthage shows the kind of underwhelming fundamentals that keep most out-of-state capital on the sidelines.

Investors considering Carthage, IN should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

The $990/mo / $239K relationship in Carthage looks thin once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

Distressed-leaning demographics in Carthage — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Carthage, IN. Anonymous, moderated, never written by AI.

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Avg Home Value
$238,855
Avg Monthly Rent
$990
1% Rule
✗ Below
Landlord Friendly (IN)

ZIP Codes in Carthage, IN

Screen every ZIP in Carthage

Filter Carthage’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Carthage, IN

How do experienced investors play Carthage, IN?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Carthage, IN. The numbers - $239K homes against $990/mo rents - support that play.

Is vacancy a concern in Carthage, IN?

Expect elevated vacancy in Carthage, IN. Rents at $990/mo are absorbed by the tenant base without meaningful lag.

What is the typical home price in Carthage, IN?

In Carthage, IN the median home value sits at $239K. Against the broader IN market, that reads as reasonable for most investors.

Is rental property easy to operate in Carthage, IN?

The landlord environment in Carthage, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

What is the average monthly rent in Carthage, IN?

Expect rents around $990/mo per month in Carthage, IN. With home values at $239K, the yield math works out to reasonable levels for rental investors.

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