Real Estate Investing in Carthage, Tennessee

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 7,889 • Smith County

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

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 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, TN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.3% 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 $280,589
Avg Monthly Rent $945
ZIP Codes 1

Investing in Carthage Real Estate

Across Carthage's 1 ZIPs, the picture is tepid: $281K median values, $945/mo rents, and a population that has faced real economic pressure.

unambiguously Carthage's aggregate rating of ★★★☆☆ reflects muted investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

The $945/mo / $281K relationship in Carthage looks modest once vacancy and capex are incorporated into underwriting. appears to the realized yield tends to disappoint.

Carthage's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Nashville-Davidson--Murfreesboro--Franklin, TN

Carthage is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$280,589
Avg Monthly Rent
$945
1% Rule
✗ Below
Landlord Friendly (TN)

ZIP Codes in Carthage, TN

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, TN

What kind of market is Carthage, TN for investors?

Investors tracking Carthage, TN will find a 3.0/5 rating supported by $281K median home values and $945/mo rents. That profile suits long-term holders targeting stable returns.

Is housing expensive in Carthage, TN?

Carthage, TN home values average about $281K. That price point suits investors targeting rentals with $945/mo in monthly income.

Is vacancy a concern in Carthage, TN?

Rental vacancy in Carthage, TN is elevated. Investors should budget normal turnover but not chronic empty units.

Can I live-in-and-rent in Carthage, TN?

House hacking in Carthage, TN is a challenging. With home values around $281K and rents at $945/mo, owner-occupants can offset a meaningful share of PITI.

How much do tenants pay in Carthage, TN?

Expect rents around $945/mo per month in Carthage, TN. With home values at $281K, the yield math works out to reasonable levels for rental investors.

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