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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 $209,712, lower than the Indiana average of $232,932.
The average cost of rent is $785/mo in Mount Carmel, primarily driven by the current value of real estate in the Mount Carmel area. In Mount Carmel, 37.09% of households rent, and 60.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Carmel is $5,869 per month. Households that rent pay about 13.37% of their income on rent here. Mount Carmel’s most expensive areas are in the northern 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
- Cedar Grove, IN: higher priced homes
- Whitcomb, IN: higher priced homes
- Bath, IN: higher priced homes
- Reily, OH: higher priced homes
- Old Bath, IN: higher priced homes
- New Trenton, IN: higher priced homes
- Okeana, OH: higher priced homes
- Brookville, IN: higher priced homes
- New Fairfield, IN: higher priced homes
- Oxford, OH: higher priced homes
Cities with Similar Populations
- Lower Wire Village, MA: higher priced homes
- Springfield Center, NY: higher priced homes
- Springbrook, ND: higher priced homes
- South Canaan, PA: higher priced homes
- Middle Village, MI: higher priced homes
- Mc Clure, VA: less expensive homes
- Maxie, LA: higher priced homes
- Marmaton, KS: less expensive homes
- Mallory, NY: less expensive homes
- Magnolia, MN: higher priced homes
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