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These days, finding an affordable place to live in the East Mount Carmel area can be challenging. Home prices in East Mount Carmel are now at a median cost of $206,627, lower than the Indiana average of $232,932.
The average cost of rent is $845/mo in East Mount Carmel, primarily driven by the current value of real estate in the East Mount Carmel area. In East Mount Carmel, 12.27% of households rent, and 51.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Mount Carmel is $7,131 per month. Households that rent pay about 11.86% of their income on rent here. East Mount Carmel’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Carmel, IL: less expensive homes
- Lancaster, IL: less expensive homes
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- Buckskin, IN: less expensive homes
- Patoka, IN: equally priced homes
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- Owensville, IN: less expensive homes
- Princeton, IN: less expensive homes
- Keensburg, IL: less expensive homes
Cities with Similar Populations
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- Oak Hill, IL: less expensive homes
- Oak Hill, PA: less expensive homes
- Oak Park, OH: less expensive homes
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