Mortgage Rates in Carthage, Missouri — March 2026
Updated March 2026 | Based on Carthage market data and regional lending conditions
Carthage is a growing city in Missouri with a population of 14,754. The current 30-year fixed mortgage rate in Carthage is 6.82%, which is 0.17% above the national average. With a median home price of $163,000 and a 20% down payment of $32,600, homebuyers can expect a monthly principal and interest payment of approximately $852.
Current Mortgage Rates in Carthage, MO
Below are the current average mortgage rates available in the Carthage area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.82% | 6.65% | +0.17% |
| 15-Year Fixed | 6.05% | 5.89% | +0.16% |
| 5/1 ARM | 6.29% | 6.15% | +0.14% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.07% | 6.85% | +0.22% |
Carthage Housing Market Overview
The Carthage housing market offers relatively affordable housing compared to many major cities. The median household income in Carthage is $51,900, and the cost of living index is 79.9 (national average = 100). Based on the 28% affordability rule, the median income in Carthage is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Carthage
Based on the median home price of $163,000 with 20% down ($32,600), here is what you can expect to pay monthly in Carthage:
15-Year vs. 30-Year Mortgage in Carthage
Choosing a 15-year mortgage in Carthage at 6.05% instead of a 30-year at 6.82% would save you $108,000 in total interest over the life of the loan. However, your monthly payment would be $1,104 instead of $852 — an increase of $252 per month.
Calculate Your Carthage Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Carthage
What are the current mortgage rates in Carthage, MO?
As of March 2026, the average 30-year fixed mortgage rate in Carthage, Missouri is 6.82%, while the 15-year fixed rate is 6.05%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.17% above the national average of 6.65%.
How much is a monthly mortgage payment in Carthage?
Based on the median home price of $163,000 with 20% down, the estimated monthly mortgage payment in Carthage is $852 for principal and interest. Including property taxes of $133/month, the total monthly housing cost is approximately $985.
What income do I need to buy a home in Carthage?
Using the 28% rule, you would need an annual income of approximately $42,214 to afford the median-priced home in Carthage at $163,000. The median household income in Carthage is $51,900. The median income is currently sufficient to meet this threshold.
Is Carthage a good place to buy a home in 2026?
Carthage offers a below-average cost of living with a cost of living index of 79.9 (national average = 100). The property tax rate in Missouri is 0.98%, which is near the national average. Carthage has a population of 14,754 and offers a very affordable lifestyle.
Mortgage Rates in Other Missouri Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Carthage, Missouri area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.