Carthage, Mississippi.
Typical home $162,503 (+5.2% in a year).
to buy the typical home at today's mortgage rate — +$402 (+89%) since Jan 2020.
- 1 year
- Up $8,055 +5%
- $154,448$162,503 since Sep 2025
- 5 years
- Up $11,437 +8%
- $151,067$162,503 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Carthage$853
- Mississippi$1,021
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 47 years.
Typical home values in Carthage, MS rose 5.2% over the past year — faster than the nation's +1.2%.
Living in Carthage, Leake County, Mississippi
Carthage is a city of 4,901 people in Leake County. 65% of its homes are lived in by their owners and 35% are rented. Unemployment in Leake County was 2.6% in August 2026, and the county had 2.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then finance and property.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Carthage is a small city and the seat of Leake County, with a younger population than many small Southern towns. Most homes are lived in by their owners, and typical home values sit at a modest level. Incomes across Leake County run below the national figure, and winters are mild while summers are hot.
Work. Residents work mostly in schools, hospitals and social care, with banks, insurance and property, manufacturing and the building trades also employing many. The largest workplaces in Carthage include the Leake County school district, Central Electric Power Association and Priority On Demand, an ambulance service. Unemployment across Leake County is lower than it was a year earlier, and the county has added jobs, while a good number of residents work from home.
Things to do. The countryside around Carthage is threaded with creeks and rivers. Balucta Creek, Bose Nukse Creek and the Yockanookany River are all a short drive away. For a longer outing, Golden Memorial State Park is a protected area a longer drive away.
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- 1,458households
- 20%of adults have a degree
- 23%work from home
What residents work in
Employed residents by industry, from the Census survey. Leake County had 5,541 jobs in 2025, 2.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 57° and lows near 34°; warmest in July, with highs near 92° and lows near 71°. About 58 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Carthage weather station, under a mile away (NOAA).
Largest workplaces in Carthage
- Leake CO School DistSchool district403FTE
- Central Electric Power AssocationElectric power distribution systems105
- Priority On DemandAmbulance services, air or ground103
- Cash Saver #23 CarthageGrocery stores30
- CarthageMail and parcel delivery26
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 264 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- TornadoesVery high
- LightningVery high
- HailRelatively high
- Cold wavesRelatively high
- Ice stormsRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Carthage’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Leake County.
Carthage home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Carthage$162,503
- Mississippi$194,531
- United States$366,157
Sellers are cutting prices on about 1 in 5 Carthage listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Carthage18.40%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Carthage29
New listings per month
Sellers arriving at the market.
- Carthage5
Zip codes with a Carthage address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Carthage — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Carthage
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 39051 | Carthage | 14,986 | — | $163,162 |
| 39189 | Walnut Grove | 3,971 | — | $159,738 |