The housing in Carmi, IL (62821) is significantly lower than the national median home value of $338,100. In Carmi, IL the median value is only $95,100. This may be due to the lower cost of living in this area. However, over the past year homes have appreciated 18.28%, much higher than the national 1 year appreciation rate of 8.27%. This means that those who invest in real estate in this area may see a good return on their investment over time.
The median home cost in Carmi (zip 62821) is $95,100. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Carmi (zip 62821) is up 11.3%.
Average Age of Homes
- The median age of Carmi (zip 62821) real estate is 54 years old
The Rental Market in Carmi (zip 62821)
- Renters make up 25.6% of the Carmi (zip 62821) population
- 1.0% of houses and apartments in Carmi (zip 62821), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.