Mount Carmel, TN is experiencing a major housing boom. The median value of a house in the area is $219,800 which is significantly lower than the US House Median Value of $338,100. However, despite this disparity in prices Mount Carmel has seen enormous appreciation over the last year with an increase of 20.28%, while the US 1 year House Appreciation was 8.27%. This remarkable growth indicates that Mount Carmel is becoming an increasingly attractive option for those looking to invest in real estate and live in the area.
The median home cost in Mount Carmel is $219,800. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Mount Carmel is up 24.2%.
Average Age of Homes
- The median age of Mount Carmel real estate is 38 years old
The Rental Market in Mount Carmel
- Renters make up 14.5% of the Mount Carmel population
- 0.0% 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.