Carthage, TN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

23 / 34

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$22,327

Middle-Earners Revenue

Occupancy

46%

Middle-Earners Occupancy

Home Value

$280,458

Median Home Sale Price

Top Earners

$29,991

Top-Earners Revenue

Carthage

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Carthage.

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B

Generally Investor friendly

Carthage Regulations

Short‑term rentals are explicitly allowed citywide with no caps or dedicated STR prohibitions; investors only need the standard business privilege license (at the max state‑allowed rate), basic fire and building‑code compliance, and state/county occupancy taxes—moderate but predictable costs and known process.

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About Carthage

Carthage is a small town that serves as the county seat of Smith County, Tennessee, with a population of roughly 2,300 residents. Tucked into the rolling hills of Middle Tennessee along the Cumberland River, it has the unhurried feel of a rural county seat — a compact historic downtown anchored by a courthouse square, surrounded by farmland, forests, and the waters of a major federal reservoir. The town is best known as a gateway to Cordell Hull Lake and sits roughly 50 miles east of Nashville, making it a quiet retreat within easy reach of the state's largest metro area.

One of the area's defining features is Cordell Hull Lake, a wide, scenic reservoir on the Cumberland River created by the Cordell Hull Dam a few miles east of town. The lake covers thousands of acres and draws visitors for fishing, boating, and lakeside camping, with public access points and marinas spread along its wooded shoreline. It is a year-round draw, especially popular in the warmer months when houseboaters and anglers take to the water, and the surrounding public lands managed by the U.S. Army Corps of Engineers provide additional trails and day-use areas.

The town itself centers on the Smith County Courthouse, a stately building on the public square that has long anchored civic life in Carthage. Around it, a small grid of locally owned shops, diners, and churches gives the community its slow-paced, traditional character. The historic core is walkable and reflective of the kind of small-town Tennessee architecture that rewards a quiet afternoon of browsing, and the courthouse square remains a gathering place for community events throughout the year.

For outdoor recreation beyond the lake, the surrounding countryside offers a mix of public lands, riverfront stretches, and backroads that appeal to hikers, hunters, and cyclists. The transition from the Central Basin to the higher terrain of the Cumberland Plateau begins just east of the county, opening up additional natural areas and state parks within a reasonable drive. Carthage's location also places it within striking distance of Nashville's music, food, and entertainment scene, allowing visitors to combine a peaceful rural stay with day trips into the city.

What makes Carthage particularly compelling for short-term rental owners is the combination of an under-the-radar location with genuine natural appeal. The lake provides a steady seasonal pull of visitors, while the proximity to Nashville — under an hour's drive — gives the town potential as a weekend escape for travelers who want a quieter, more affordable alternative to staying in the metro area. Small, historic, and surrounded by water and woods, Carthage offers the kind of place-based identity that tends to resonate with guests looking for an authentic Tennessee experience.

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