Mount Carmel, IL Housing

Mount Carmel, IL is an excellent place to invest in housing. The median value of a home in this area is $77,500, which is significantly lower than the US house median value of $338,100. Despite this difference, the rate of appreciation for houses in Mount Carmel over the last year has been 18.28%, which far exceeds the national average of 8.27%. This makes it a great option for people looking to invest in real estate or purchase their own home at a more affordable price.

The median home cost in Mount Carmel is $77,500. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Mount Carmel is up 11.3%.

Average Age of Homes

- The median age of Mount Carmel real estate is 58 years old

The Rental Market in Mount Carmel

- Renters make up 25.4% of the Mount Carmel population
- 0.5% 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Mount Carmel, Illinois	United States
	3,451.0	139,647,020.0
	65	42
	$77,500	$338,100
	11.3%	16.6%
	35.2%	57.0%
	43.5%	101.1%
	$16.60	$10.98
	$1,258	$2,690
	64.2%	57.4%
	12.8%	11.2%
	23.0%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	2.0%	0.7%
	1.9%	0.4%
	0.0%	3.6%
	8.4%	4.1%
Value of Owner-Occupied Housing
	7.3%	2.6%
	10.5%	2.4%
	13.1%	2.8%
	23.7%	3.9%
	14.0%	4.5%
	18.2%	11.3%
	6.4%	13.0%
	3.7%	20.1%
	1.7%	13.6%
	0.0%	8.3%
	1.2%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.0%	13.6%
	3.0%	13.6%
	5.7%	13.6%
	9.3%	13.2%
	16.7%	14.8%
	5.7%	13.6%
	14.7%	10.0%
	12.2%	4.7%
	28.5%	12.2%