The Most Affordable Neighborhoods in Mount Carmel, UT by Home Value

 

Mount Carmel, UT Map of Most Affordable Neighborhoods
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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 $228,852, lower than the Utah average of $361,191.

The average cost of rent is $620/mo in Mount Carmel, primarily driven by the current value of real estate in the Mount Carmel area. While nearly 74.93% of residents own their homes outright in Mount Carmel, 23.87% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mount Carmel is $5,362 per month. Households that rent pay about 11.56% of their income on rent here. Mount Carmel's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.


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