Carthage, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Carthage short-term rental market based on reliable data.

Listings

29 / 55

Reliable / Active

Cap Rate

18%

Middle-Earners Gross Yield

Revenue

$22,529

Middle-Earners Revenue

Occupancy

60%

Middle-Earners Occupancy

Home Value

$125,581

Median Home Sale Price

Top Earners

$44,522

Top-Earners Revenue

Carthage

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Carthage.

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C

Challenging to Investors

Carthage Regulations

STRs are not explicitly prohibited but Carthage lacks a dedicated STR ordinance, forcing investors to confirm zoning, secure business licensing, pass safety inspections, and register for state lodging taxes. This regulatory ambiguity and process uncertainty increase compliance risk and deter investment.

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About Carthage

Carthage is a small, historically rich city in Hancock County in western Illinois, serving as the county seat with a population of roughly 2,500 residents. Tucked into the rolling landscape of the western Illinois prairie, the town has a quiet, well-preserved 19th-century character, with brick storefronts, tree-lined streets, and a strong sense of Midwestern small-town life. Carthage is best known for its role in Latter-day Saint history and as a quiet base from which visitors explore the historic town of Nauvoo just to the north. The nearest city of meaningful size is Quincy, Illinois, located about 40 miles to the south along the Great River Road, while the larger metropolitan area of St. Louis sits roughly 130 miles to the southeast.

The single most significant landmark in Carthage is the Carthage Jail, the limestone building where Latter-day Saint founder Joseph Smith and his brother Hyrum were killed in 1844. Today the jail operates as a historic site with a visitor center and guided tours, drawing a steady stream of pilgrims and history enthusiasts year-round. Its location right within the city makes it an easy stop for anyone spending a night or two in town, and it anchors much of the regional heritage tourism that flows through the area.

Just a short drive north of Carthage, roughly 15 miles or about a 25-minute ride, lies the historic town of Nauvoo, one of the most-visited heritage destinations in the Midwest. Nauvoo features dozens of restored 1840s-era homes, shops, and militia buildings, along with a reconstruction of the original Latter-day Saint temple and riverfront scenery along the Mississippi. The Nauvoo Historic Sites and the older Nauvoo Temple are major draws, and many visitors pair a stop there with an overnight in nearby Carthage.

Carthage itself also holds a quiet visual interest in its historic courthouse square. The Hancock County Courthouse, an Italianate-style building dating to the late 19th century and listed on the National Register of Historic Places, sits at the heart of downtown and gives the city much of its character. Walking the surrounding blocks reveals preserved commercial architecture and small local businesses that reflect the town’s long history as a county seat.

For travelers considering where to base themselves in western Illinois, Carthage offers an appealing combination of small-town charm, deep historical significance, and proximity to both Nauvoo and the broader Mississippi River corridor. Its compact size keeps everything within a short walk or drive, while its location makes it a natural stopover for road-trippers moving between St. Louis, Quincy, and the Iowa border. That blend of accessibility, affordability, and steady heritage-driven visitation makes Carthage an interesting market to watch for short-term rental owners.

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