Mount Carmel, IN is a great place for housing. The median value of houses in the area is $208,200 which is lower than the US House Median Value of $338,100. The appreciation rate for the past year was 8.27%, which is on par with the US 1 year House Appreciation rate of 8.27%. This shows that Mount Carmel's housing market is keeping up with the US market. With its relatively low house values and good appreciation rates, it makes Mount Carmel an attractive option for prospective homeowners looking to purchase a home in an affordable area.
The median home cost in Mount Carmel is $208,200. Home appreciation the last 10 years has been 66.4%. Home Appreciation in Mount Carmel is up 14.6%.
Average Age of Homes
- The median age of Mount Carmel real estate is 78 years old
The Rental Market in Mount Carmel
- Renters make up 40.0% of the Mount Carmel population
- 25.0% 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.