Commercial Real Estate Market in Carthage, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
52 active listings and 29 off-market properties in Carthage, MS.
Market Trends
Carthage, MS spans 430.7 square miles in Leake County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Carthage, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Carthage, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Carthage, MS runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Carthage, MS runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 44.2%
- Residential 33.9%
- Commercial 15.7%
- Industrial 5.5%
Largest Zones share of zoned land by district
Agriculture
Single Family
Highway Commercial
Heavy Industrial
Light Industrial
Agriculture (A-1)
The intent of A-1 district is to provide an area for agricultural and horticultural uses, This area is characterized by low density development, open spaces, and non-intensive rural use
Market overview
Demographics & Economy
Carthage, MS has 15,677 residents in 6,637 households. Density runs 36 people per square mile. Median household income here is $45,777 and median gross rent $691 a month.
15,677
Population
6,637
Households
2.4
Avg Household Size
39
Median Age
17%
College-Educated
82%
High-School Grad
430.7 sq mi
ZIP Area
36
Density / Sq Mi
$45,777
Median Household Income
$31,635
Median Earnings
$691
Median Rent
$113,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ofahoma | — | — |
| Lena | — | — |
| Madden | — | — |
| Walnut Grove | — | — |
Frequently Asked Questions
Where does Realmo's Carthage market data come from?
Realmo compiles Carthage, MS figures from 50 active sale listings, 2 active lease listings, 29 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 50 active for-sale and 2 active for-lease listings in Carthage, MS. 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.
- 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: 5,944 zoned acres across 12 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 South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South 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
