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These days, finding an affordable place to live in the Carmichael area can be challenging. Home prices in Carmichael are now at a median cost of $232,484, higher than the Mississippi average of $183,008.
The average cost of rent is $858/mo in Carmichael, primarily driven by the current value of real estate in the Carmichael area. In Carmichael, 7.32% of households rent, and 47.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carmichael is $6,149 per month. Households that rent pay about 13.95% of their income on rent here. Carmichael’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Utica, MS: less expensive homes
- Chapel Hill, MS: higher priced homes
- Jack, MS: less expensive homes
- Reedtown, MS: less expensive homes
- Learned, MS: less expensive homes
- Thompsonville, MS: equally priced homes
- Dentville, MS: less expensive homes
- Cayuga, MS: less expensive homes
- Crystal Springs, MS: less expensive homes
- Gallman, MS: equally priced homes
Cities with Similar Populations
- Stoneyville, IL: less expensive homes
- Elkol, WY: higher priced homes
- Elgin, KS: less expensive homes
- Komalty, OK: less expensive homes
- Spring Lake, SD: equally priced homes
- St. George, AK: less expensive homes
- East Brook, VA: equally priced homes
- Eagle Village, AK: less expensive homes
- Eagle Rock, PA: less expensive homes
- Stoneview, ND: equally priced homes
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