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Mount Carmel, IL Home Values and Rents
The typical home value in Mount Carmel is $126,375, 621st highest of 696 cities and towns in Illinois. Median rent is $804 a month.
- Typical home value
- $126,375
- 621st of 696 in IL
- Median rent
- $804/mo
- ACS 2020-2024
- Price change, 1 year
- +0.4%
- Sep 2026
- Homeownership
- 66.7%
- IL: 67.1%
Typical home value in Mount Carmel
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Mount Carmel |
|---|---|
| Sep 2026 | $126,375 |
| Dec 2025 | $121,681 |
| Dec 2024 | $116,045 |
| Dec 2023 | $107,836 |
| Dec 2022 | $137,348 |
| Dec 2021 | $128,593 |
| Dec 2020 | $117,245 |
| Dec 2019 | $118,921 |
| Dec 2018 | $105,889 |
| Dec 2017 | $99,973 |
| Dec 2016 | $113,088 |
Over five years, Mount Carmel prices changed +4.6%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Wabash County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $691 | +9.3% |
| 1 bedroom | $758 | +8.6% |
| 2 bedrooms | $992 | +8.3% |
| 3 bedrooms | $1,374 | +7.8% |
| 4 bedrooms | $1,433 | +9.6% |
Frequently asked questions
- What is the typical home value in Mount Carmel, IL?
- The typical home value in Mount Carmel is $126,375 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Mount Carmel?
- The median rent in Mount Carmel is $804 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $992.
- Are home prices going up in Mount Carmel?
- The typical home value in Mount Carmel changed +0.4% over one year and +4.6% over five years, as of Sep 2026.
- How does Mount Carmel compare with the rest of Illinois?
- Mount Carmel has the 621st highest median home value of 696 cities and towns with 1,000+ residents in Illinois.