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Affordable
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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 $191,108, lower than the Tennessee average of $315,131.
The average cost of rent is $1,246/mo in Mount Carmel, primarily driven by the current value of real estate in the Mount Carmel area. In Mount Carmel, 17.05% of households rent, and 41.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Carmel is $5,852 per month. Households that rent pay about 21.29% of their income on rent here. Mount Carmel’s most expensive areas are in the central 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
- Church Hill, TN: equally priced homes
- Blair Gap, TN: higher priced homes
- New Canton, TN: equally priced homes
- Gate City, VA: less expensive homes
- Weber City, VA: less expensive homes
- Kingsport, TN: higher priced homes
- Bloomingdale, TN: equally priced homes
- Manville, VA: less expensive homes
- Clinchport, VA: less expensive homes
- Williams Mill, VA: less expensive homes
Cities with Similar Populations
- Gas City, IN: less expensive homes
- Fort Benning, GA: equally priced homes
- Fort Leavenworth, KS: higher priced homes
- Fort Washington, PA: higher priced homes
- Franklin Center, NJ: higher priced homes
- Fruit Heights, UT: higher priced homes
- Fruitland, MD: higher priced homes
- Fruitport, MI: higher priced homes
- Fulton, MD: higher priced homes
- Gales Ferry, CT: higher priced homes
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