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Median Home Price in Mount Carmel, IL

The median home value in Mount Carmel, IL is $116,123 as of 2026-07-31, up 0.19% from a year earlier.

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Median Home Value

$116,123

Year-over-Year

+0.19%

Population

6,676

Mount Carmel ranks #264 of 279 Illinois cities tracked here by median home value, and sits 63.6% below the state's city median of $319,026. It sits in Wabash County, where the county-wide median is $130,747.

Housing affordability in Mount Carmel

Median household income in Mount Carmel is $47,009, so the typical home value is about 2.5× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.

Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).

Crime in Mount Carmel

Mount Carmel police recorded a violent crime rate of 135 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 464 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Mount Carmel

What is the average home price in Mount Carmel, IL?

People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Mount Carmel, that value is $116,123. That's up 0.19% from a year earlier. It is about 63.6% below the typical Illinois city tracked here.

Is Mount Carmel expensive compared to the surrounding area?

Homes in Mount Carmel are cheaper than Wabash County as a whole, where the median is $130,747 — a difference of about 11.2%.

Is Mount Carmel affordable?

Median household income here is $47,009, so the typical home value is about 2.5× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.

Is Mount Carmel a safe place to live?

Mount Carmel police reported 135 violent crimes per 100,000 residents, covering a population of about 6,676. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.