Carthage, Texas.
Typical home $198,988 (+4.3% in a year).
to buy the typical home at today's mortgage rate — +$455 (+77%) since Jan 2020.
- 1 year
- Up $8,161 +4%
- $190,827$198,988 since Sep 2025
- 5 years
- Up $12,410 +7%
- $186,579$198,988 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$1,044
- Texas$1,556
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 54 years.
Typical home values in Carthage, TX rose 4.3% over the past year — faster than the nation's +1.2%.
Living in Carthage, Panola County, Texas
Carthage is a city of 6,569 people in Panola County. Half its households earn more than $51,250 a year and half less, against $64,894 across Panola County; 11% of its people live below the poverty line. 64% of its homes are lived in by their owners and 36% are rented. Unemployment in Panola County was 5.2% in August 2026, and the county had 1.4% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
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 It can be wrong or out of date.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 East Texas city and the seat of Panola County. Its people are around the middle of the age range for the country, and incomes here run below the county's as a whole. Most homes are lived in by their owners, and relatively few adults hold a four-year degree.
Work. Schools, hospitals and social care employ more residents than any other line of work, followed by shops, manufacturing, and professional and business services. Among the largest workplaces in Carthage are Panola College, Genpak Carthage and UT Health East Texas Carthage Hospital. The typical trip to work is short, and only a small share of people work from home.
Things to do. For time outdoors, Martin Creek Lake State Park is a park a longer drive away, and Jericho Creek is a river in the same longer-drive range. The Harrison County Historical Museum is a museum, also a longer drive away. Winters are mild and summers are hot, with very little snow and plenty of rain through the year.
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- 2,551households
- 15%of adults have a degree
- 11%below the poverty line
- 19 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Panola County had 7,710 jobs in 2025, 1.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 57° and lows near 36°; warmest in August, with highs near 93° and lows near 72°. About 1 inches of snow and 52 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Carthage weather station, under a mile away (NOAA).
Largest workplaces in Carthage
- Panola CollegeTwo-year college301
- Genpak CarthageThermal insulation, polystyrene foam, manufacturing125
- Panola County Nursing and RehabilitationSkilled nursing facilities115
- UT Health East Texas Carthage HospitGeneral hospital69FTE
- Brookshire BrothersGrocery stores54
- CarthageMail and parcel delivery28
- Sodexo at Panola CollegeFood service contractors24
- Panola Charter SchoolSchool district22FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 463 people in all. Colleges come from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and school districts 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
- Ice stormsVery high
- TornadoesVery high
- HailRelatively high
- Winter weatherRelatively high
- Heat wavesRelatively 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 moderate. 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 Panola 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$198,988
- Texas$296,424
- United States$366,157
Sellers are cutting prices on about 1 in 4 Carthage listings — the market is cooling.
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.
- Carthage23.80%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Carthage76
New listings per month
Sellers arriving at the market.
- Carthage18
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 |
|---|---|---|---|---|
| 75633 | Carthage | 13,271 | — | $199,045 |
| 75631 | Beckville | 2,483 | — | $211,543 |