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South Carthage

Learn about the people, housing, costs and businesses in South Carthage, Tennessee

Median Home$230,200
Median Rent$928/month
Population1,514
Leading IndustryRetail31% of local workforce
Home Value Growth⬆⬆⬆+21.9% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners69% of occupied units
South Carthage
TN

Frequently Asked Questions

What are today's mortgage rates in South Carthage?

As of today, the 30-year fixed mortgage rate for South Carthage is approximately 6.950% (6.991% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in South Carthage?

The median home value in South Carthage is $230k. The median monthly rent is $928. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Carthage?

Home values in South Carthage have increased 21.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in South Carthage?

Based on a typical all-in ownership cost of $746/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Carthage is $54k/year.

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What industries drive the economy in South Carthage?

The largest employment sectors in South Carthage are retail (31%) and public administration (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.