Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mount Carmel area can be challenging. Home prices in Mount Carmel are now at a median cost of $175,000, lower than the Alabama average of $185,232.
The average cost of rent is $814/mo in Mount Carmel, primarily driven by the current value of real estate in the Mount Carmel area. While nearly 34.41% of residents own their homes outright in Mount Carmel, 0.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mount Carmel is $5,427 per month. Households that rent pay about 15.00% of their income on rent here. Mount Carmel's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Scant City, AL: higher priced homes
- Cottonville, AL: higher priced homes
- Guntersville, AL: higher priced homes
- Union Grove, AL: equally priced homes
- Arab, AL: less expensive homes
- Diamond, AL: higher priced homes
- New Hope, AL: less expensive homes
- Grant, AL: equally priced homes
- Morgan City, AL: less expensive homes
- Joppa, AL: less expensive homes
Cities with Similar Populations
- Shady Grove, FL: less expensive homes
- Ludwig, AR: less expensive homes
- MacDale, WV: equally priced homes
- Madison Run, VA: higher priced homes
- Mahaska, KS: less expensive homes
- Makaweli, HI: higher priced homes
- Manville, IL: equally priced homes
- Maple Grove, AR: less expensive homes
- Searose Beach, OR: higher priced homes
- Sejita, TX: less expensive homes
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