Home Insurance in Carthage, Tennessee
With a median home value of $257,300, Carthage is 6% higher than the Smith County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Carthage was built around 1965. About 44% of homes were built before 1960, about 23 points above Smith County's 21%.
Housing in Carthage breaks down to 76% single-family homes and 14% apartments in buildings with 5+ units.
About 72% of owner-occupied homes in Carthage have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 63% of occupied homes in Carthage are owner-occupied. The vacancy rate is 10%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Carthage - 50% - are primarily heated with natural gas.
Smith County had 110 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is earthquake (Very Low). See the full Smith County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Tennessee is $1,649 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $257,300 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 63% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top county hazard | Earthquake (Very Low) |
| Active NFIP policies in Smith County | 110 |
| Home insurance premium | $1,649 - statewide average (NAIC, 2023 data) |
Nearby towns
- South Carthage
- Gordonsville
- Alexandria
- Hartsville/Trousdale County
- Watertown
- Dowelltown
- Liberty
- Gainesboro
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)