62863
Mount Carmel, Illinois.
Mount Carmel, Wabash County, IL · population 9,379
to buy the typical home at today's mortgage rate — +$264 (+58%) since Jan 2020.
- 1 year
- Up $4,449 +3%
- $133,063$137,512 since Sep 2025
- 5 years
- Up $9,767 +8%
- $127,745$137,512 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 62863$722
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 47 years.
Typical home values in zip 62863 rose 3.3% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Mount Carmel, IL — measured over the city limits, which is a different area from this zip.
Typical home value — 62863
Mid-tier homes, smoothed and seasonally adjusted.
- 62863$137,512
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 6.6 | 62818 | Browns | 409 | — | $107,134 |
| 10.6 | 62410 | Allendale | 1,183 | — | $150,726 |
| 11.5 | 62476 | West Salem | 1,222 | — | $132,139 |
| 11.7 | 47665 | Owensville | 3,947 | — | $231,008 |
| 12.1 | 62806 | Albion | 3,436 | — | $126,854 |
| 12.9 | 47616 | Griffin | 232 | — | $91,622 |
| 13.7 | 47524 | Decker | 302 | — | $137,850 |
| 13.8 | 47666 | Patoka | 1,335 | — | $179,847 |
| 14.7 | 62452 | Parkersburg | 387 | — | $124,548 |
| 15.3 | 62844 | Grayville | 1,937 | — | $92,131 |
| 15.8 | 47670 | Princeton | 11,756 | — | $192,730 |
| 17.4 | 47612 | Cynthiana | 818 | — | $165,150 |
| 17.5 | 47633 | Poseyville | 2,602 | — | $210,829 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.