Mount Carmel, IL — Momentum Score, Home Values & Best-For

All states·Illinois·Mount Carmel

Wabash County · population 6,771

AffordabilityShrinkingSmall-town feel
OverviewCost of livingMoving guide
View watchlist →
35
Cooling
Momentum score · 0–100

Where Mount Carmel stands

Population shrinking 0.9% per year.

Median home $112,883
1-year -1.7%
5-yr CAGR +0.2%
vs 5-yr peak -13.4%
Population -0.9%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2023-02$113k$86k$102k$119k$136k201620182020202220242026

Lifestyle scores

🚶
Walkability
25/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
10/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
32/100
Poor remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

How the momentum score breaks down

methodology →
Home YoY
42 · w22%
Home 5-yr CAGR
36 · w22%
Distance from peak
35 · w18%
Population growth
32 · w16%
Home 10-yr CAGR
27 · w10%
Long thesis

Mount Carmel has held up across the cycle: home values at $112,883 with +0.2% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Mount Carmel's population is shrinking 0.9% per year. Housing demand has to come from somewhere — if people are leaving, the buyer pool is shrinking faster than the inventory. That eventually shows up in price.

About Mount Carmel

Mount Carmel is a city in Wabash County, Illinois, with an estimated population of 6,771. The population has contracted 0.9% per year on average since 2020. The median home value in Mount Carmel is $112,883 as of 2026-04, down 1.7% over the last 12 months. Over the last five years, home values have averaged +0.2% annual growth, and the market currently sits about 13% below its 5-year peak. The composite momentum score is 35 of 100 (Cooling). Buyers may find more room to negotiate; sellers should price realistically.

▲ Bull case

●Cheap entry point: $112,883 median home is well below the US median of $355k — room to grow without overpaying.
○The data is the data: Mount Carmel has at least 5 years of Zillow tracking, full Census identification, and is included in the 2-criteria momentum score on this page.

▼ Bear case

●13% off recent peak — buyers are getting through-the-cycle pricing, not the peak.
●Flat or shrinking population: -0.9% per year. Housing demand has to come from somewhere — verify the source.
●Stagnant long-run trend: +0.2% 10-year CAGR plus flat population — appreciation case is weak.
○Thin housing market: small population means fewer transactions and slower resale. Liquidity risk on exit.

Playbook

Buyer

You have leverage. Negotiate price, ask for closing-cost credits, and don't waive inspection. Walk-away power is real in a Cooling market — use it.

Seller

Price aggressively (at or below recent sold comps) or be prepared to wait. Concessions — rate buydowns, closing costs, repair credits — are how deals close right now.

Investor

Cap rates are more attractive than they were 12 months ago but the appreciation tailwind is gone. Confirm tenant demand, vacancy rates, and exit liquidity before committing capital.

Local safety & alerts

No active National Weather Service alerts for Wabash County right now.

NWS active alerts (IL)Illinois Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Wabash County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Mount Carmel

Du Quoin, IL46 · CoolingCrestwood, IL38 · CoolingEast Alton, IL49 · StableDanville, IL46 · Cooling

Run the numbers for Mount Carmel

ToolCan I afford Mount Carmel?Income → city shortlistToolROI on a Mount Carmel rentalCap rate, cash-on-cash, DSCRToolCompare Mount Carmel to anywhereSide-by-side up to 3 citiesToolMount Carmel cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
33° / 18°
avg high / low
Summer (Jul)
85° / 64°
avg high / low
Sunny days/yr
189
~52% of year
Annual precip
38″ rain
22″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
High
Wildfire
Very low
Earthquake
Low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Mount Carmel listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local sports teams

Major professional teams the Chicago area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
71%
Humid climate
Median household income
$78,400
Illinois state median
Top industries (state-level)
FinanceManufacturingHealthcare

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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