The housing market in Mount Carmel, FL is booming. The median value of a house in this area is $204,500, which is much less than the US House Median Value of $338,100. However, what makes Mount Carmel so attractive to buyers is the significantly higher 1 year appreciation rate with 14.18%, compared to the US 1 year House Appreciation rate of 8.27%. This high appreciation rate shows that investing in a home in Mount Carmel can be a great way for potential buyers to increase their wealth.
The median home cost in Mount Carmel is $204,500. Home appreciation the last 10 years has been 133.7%. Home Appreciation in Mount Carmel is up 20.1%.
Average Age of Homes
- The median age of Mount Carmel real estate is 31 years old
The Rental Market in Mount Carmel
- Renters make up 12.3% of the Mount Carmel population
- 20.8% of houses and apartments in Mount Carmel, 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.