Carthage, IN housing market
The typical Carthage home is worth about $239,000, up 4.2% in a year, 8% below the Indiana typical home.
Home values, sales, trends and how Carthage compares with the towns next door — updated as new data is published.
Carthage at a glance
Typical home value, 2016–2026
Show as a table
| January | Carthage | Indiana |
|---|---|---|
| 2017 | $115,000 | $135,000 |
| 2018 | $124,000 | $144,000 |
| 2019 | $127,000 | $154,000 |
| 2020 | $137,000 | $164,000 |
| 2021 | $155,000 | $183,000 |
| 2022 | $184,000 | $209,000 |
| 2023 | $197,000 | $227,000 |
| 2024 | $206,000 | $237,000 |
| 2025 | $225,000 | $249,000 |
| 2026 | $231,000 | $256,000 |
| August 2026 | $239,000 | $260,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,100
HUD's Fair Market Rent for a two-bedroom in Carthage is $1,100 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Carthage pay a median of $848, so moving in tends to cost more than staying put.
Studio $810 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46115; Indianapolis-Carmel, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Carthage
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.