Commercial Real Estate Market in Carthage, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
66 active listings and 273 off-market properties in Carthage, NC.
Market Trends
Carthage, NC spans 186.6 square miles in Moore County, North Carolina. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Carthage, NC 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, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Carthage, NC 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, NC 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
- Residential 88.9%
- Commercial 8.6%
- Industrial 2.5%
Largest Zones share of zoned land by district
Residential Agricultural District
Residential
Residential
Thoroughfare Business District
Highway Commercial District
Carthage, NC zones 8,250 acres across 15 districts. Commercial zoning covers 8.6% of zoned land, residential 88.9% and industrial 2.5%. The largest single district is Residential Agricultural District at 57.1%. For commercial buyers the practical constraint is that only 11% of land carries a commercial or industrial designation.
Residential Agricultural District (RA-40)
A. RA-40 Residential Ag ricultural District. The RA-40 district is primarily designed to accommodate a compatible mixture of single family dwellings and agricultural uses at lower densities of approximately one unit or less per acre. These areas are generally found in areas without sewer service that are not yet appropriate for development at higher densitie…
Market overview
Demographics & Economy
Carthage, NC has 18,118 residents in 7,874 households. Density runs 97 people per square mile. Median household income here is $84,850 and median gross rent $1,362 a month.
18,118
Population
7,874
Households
2.3
Avg Household Size
40
Median Age
36%
College-Educated
94%
High-School Grad
186.6 sq mi
ZIP Area
97
Density / Sq Mi
$84,850
Median Household Income
$43,066
Median Earnings
$1,362
Median Rent
$299,500
Median Home Value
Tools
Nearby Markets
Commercial property in Carthage, NC asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carthage?
Commercial property in Carthage, NC asks an average of $13 per square foot.
What zoning applies to commercial property in Carthage?
Carthage, NC zones 8,250 acres across 15 districts, of which 8.6% is commercial and 2.5% industrial. The largest single district is Residential Agricultural District at 57.1% of zoned land. A. RA-40 Residential Ag ricultural District. The RA-40 district is primarily designed to accommodate a compatible mixture of single family dwellings and agricultural uses at lower densities of approximately one unit or less per acre. These areas are generally found in areas without sewer service that are not yet appropriate for development at higher densitie… Residential zoning covers 88.9% and open space 0%.
Where does Realmo's Carthage market data come from?
Realmo compiles Carthage, NC figures from 6 recent recorded sales, 65 active sale listings, 1 active lease listings, 273 tracked off-market properties, the current Carthage zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 65 active for-sale and 1 active for-lease listings in Carthage, NC. 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: 8,250 zoned acres across 15 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 30 September 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 30 September 2026 · report a data issue
