Commercial Real Estate Market in Carthage, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
93 active listings and 737 off-market properties in Carthage, MO. Commercial property asks $96/SF to buy and $10.34/SF/Yr to lease.
Market Trends
Carthage, MO spans 184.1 square miles in Jasper County, Missouri. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Carthage, MO asks $89/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Carthage, MO asks $89/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Carthage, MO runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Carthage, MO asks $103/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52.5%
- Industrial 36.2%
- Commercial 11.4%
Largest Zones share of zoned land by district
First Dwelling House
Light Industrial
Light Industrial
Second Dwelling House
General Business
Carthage, MO zones 6,522 acres across 8 districts. Commercial zoning covers 11.4% of zoned land, residential 52.5% and industrial 36.2%. The largest single district is First Dwelling House at 45.8%. For commercial buyers the practical constraint is that only 47.5% of land carries a commercial or industrial designation.
First Dwelling House (A)
The intent of this zone is to promote single family dwelling uses
Market overview
Demographics & Economy
Carthage, MO has 25,334 residents in 10,241 households. Density runs 138 people per square mile. Median household income here is $58,775 and median gross rent $883 a month.
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kendricktown | $96 (county avg) | — |
| Morgan Heights | $96 (county avg) | — |
| Brooklyn Heights | $96 (county avg) | — |
| Lakeside | $96 (county avg) | — |
Commercial property in Carthage, MO asks $96/SF. The 4 bordering markets run from $96/SF in Kendricktown to $96/SF in Kendricktown, and the city sits in line with their $96/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carthage?
Commercial property in Carthage, MO asks an average of $96 per square foot. Multifamily carries the highest asking price at $103/SF.
How much does it cost to lease commercial space in Carthage?
Asking lease rates in Carthage, MO average $10.34 per square foot per year.
How does Carthage compare to nearby markets on price?
Carthage, MO asks $96/SF against $96/SF in Kendricktown, $96/SF in Morgan Heights, $96/SF in Brooklyn Heights and $96/SF in Lakeside.
What zoning applies to commercial property in Carthage?
Carthage, MO zones 6,522 acres across 8 districts, of which 11.4% is commercial and 36.2% industrial. The largest single district is First Dwelling House at 45.8% of zoned land. The intent of this zone is to promote single family dwelling uses Residential zoning covers 52.5% and open space 0%.
Where does Realmo's Carthage market data come from?
Realmo compiles Carthage, MO figures from 91 active sale listings, 2 active lease listings, 737 tracked off-market properties, the current Carthage zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 91 active for-sale and 2 active for-lease listings in Carthage, MO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,522 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
