Mount Carmel, Illinois.
Typical home $126,375 (+0.4% in a year).
to buy the typical home at today's mortgage rate — +$225 (+51%) since Jan 2020.
- 1 year
- Up $468 +0%
- $125,908$126,375 since Sep 2025
- 5 years
- Up $5,519 +5%
- $120,856$126,375 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.
- Mount Carmel$663
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 78 years.
Typical home values in Mount Carmel, IL rose 0.4% over the past year — slower than the nation's +1.2%.
Living in Mount Carmel, Wabash County, Illinois
Mount Carmel is a city of 7,015 people in Wabash County. Half its households earn more than $47,009 a year and half less, against $57,086 across Wabash County; 20% of its people live below the poverty line. 67% of its homes are lived in by their owners and 33% are rented. Unemployment in Wabash County was 3.9% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Mount Carmel is a small city on the Wabash River side of southeastern Illinois, with a population on the older side and incomes below the county's. Most homes are lived in by their owners, and the typical home value is modest, so the town suits people looking for an affordable place to settle. Winters are cold, with some snow, and summers are warm, with a fair amount of rain through the year.
Work. Schools, hospitals and social care employ the most residents, followed by manufacturing, shops, and restaurants and hotels. The largest workplaces in town include Wabash General Hospital District, the Wabash school district and MotoRad. Unemployment in the county is a little lower than a year ago, though the county has fewer jobs than it did the year before, and most people get to work in a short drive.
Things to do. The White River and the Patoka River run in or beside town, and Beall Woods State Park, a protected area, and Gibson Lake in Indiana are each a short drive away. For history, the George Rogers Clark National Historical Park, a museum, is a longer drive away.
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- 2,979households
- 17%of adults have a degree
- 20%below the poverty line
- 22 mintypical commute
- 3%work from home
What residents work in
Employed residents by industry, from the Census survey. Wabash County had 3,339 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 40° and lows near 25°; warmest in July, with highs near 87° and lows near 69°. About 9 inches of snow and 49 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mount Carmel weather station, under a mile away (NOAA).
Largest workplaces in Mount Carmel
- Wabash General Hospital DistrictCritical access hospital406FTE
- Wabash CUSD 348School district238FTE
- MotoRadAutomotive parts, new, merchant wholesalers193
- Mt Carmel Stabilization GroupRoad construction144
- Wabash Valley CollegeTwo-year college110
- Houchens Food GroupSupermarkets and other grocery stores47
- BraunAbility Mount CarmelMachine shops39
- Kieffer Bros. Construction CoCommercial building construction39
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 12 workplaces with 20 or more staff, 1,376 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesRelatively high
- Strong windRelatively high
- Winter weatherRelatively high
- Heat wavesrelatively high in parts of Mount CarmelRelatively moderate
- TornadoesRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Mount Carmel’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wabash County.
Mount Carmel home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Mount Carmel$126,375
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 4 Mount Carmel listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Mount Carmel26.02%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Mount Carmel30
New listings per month
Sellers arriving at the market.
- Mount Carmel9
Zip codes with a Mount Carmel address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Mount Carmel — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.