Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Carmi area can be challenging. Home prices in Carmi are now at a median cost of $193,156, lower than the Arkansas average of $207,061.
The average cost of rent is $534/mo in Carmi, primarily driven by the current value of real estate in the Carmi area. In Carmi, 33.62% of households rent, and 52.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carmi is $4,985 per month. Households that rent pay about 10.72% of their income on rent here. Carmi’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- White Hills, AZ: higher priced homes
- Wickerham Manor-Fisher, PA: equally priced homes
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- Brinegar, KY: less expensive homes
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