37030, Carthage, TN

The 37030 zip code of Carthage, TN has a median home value of $128,900. This is higher than the national median home value of $123,700. The 37030 zip code also has a lower than average home equity ratio of 44%. This means that the homes in this zip code are less likely to be able to cover their outstanding debts if they were to sell.

The 37030 zip code has a high rate of homeownership at nearly 96%. This is higher than the national homeownership rate of 63%. The high homeownership rate may be due in part to the low home equity ratio and the fact that many people in this zip code have been living in their homes for many years.

The average monthly mortgage payment for homes in the 37030 zip code is $1,521. This is higher than the national average mortgage payment of $1,172. However, because homes in this zip code are less likely to have outstanding debt obligations, residents may be able to afford these payments even if they earn less than the national average salary.