Zip 62863 (Mount Carmel, IL) Housing

In Mount Carmel, IL 62863, the median housing value is currently $89,900. This is significantly less than the US median housing value of $338,100. However, in the past year, the appreciation rate of homes in this area has been much higher than the national average with a rate of 18.28%, compared to 8.27% across the US. This indicates that Mount Carmel real estate is an excellent investment and should continue to appreciate at a higher than average rate for years to come.

The median home cost in Mount Carmel (zip 62863) is $89,900. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Mount Carmel (zip 62863) is up 11.3%.

Average Age of Homes

- The median age of Mount Carmel (zip 62863) real estate is 54 years old

The Rental Market in Mount Carmel (zip 62863)

- Renters make up 22.1% of the Mount Carmel (zip 62863) population
- 0.4% of houses and apartments in Mount Carmel (zip 62863), 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
	4,614.0	139,647,020.0
	57	42
	$89,900	$338,100
	11.3%	16.6%
	35.2%	57.0%
	43.5%	101.1%
	$16.91	$10.98
	$1,395	$2,690
	66.7%	57.4%
	13.5%	11.2%
	19.8%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	1.5%	0.7%
	1.4%	0.4%
	0.8%	3.6%
	9.3%	4.1%
Value of Owner-Occupied Housing
	7.4%	2.6%
	9.1%	2.4%
	12.2%	2.8%
	19.3%	3.9%
	12.4%	4.5%
	21.4%	11.3%
	8.1%	13.0%
	5.7%	20.1%
	2.8%	13.6%
	0.3%	8.3%
	1.1%	9.7%
	0.0%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	7.8%	13.6%
	11.0%	13.2%
	18.6%	14.8%
	7.8%	13.6%
	12.2%	10.0%
	9.8%	4.7%
	25.2%	12.2%

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