Mount Carmel, PA


Highest Appreciating Mount Carmel Neighborhoods Since 2000

Mount Carmel, PA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mount Carmel Housing Market Information

With a population of 5,728, 2,835 total housing units (homes and apartments), and a median house value of $47,599, house prices in Mount Carmel are some of the most affordable in Pennsylvania as well as the nation.

Row houses and other attached homes are the single most common housing type in Mount Carmel, accounting for 55.00% of the borough's housing units. Other types of housing that are prevalent in Mount Carmel include single-family detached homes ( 29.10%), large apartment complexes or high rise apartments ( 9.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.76%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Mount Carmel. Owner-occupied housing accounts for 68.90% of Mount Carmel's homes, and 59.41% have either three or four bedrooms, which is average sized relative to America.

The housing in Mount Carmel was primarily built before 1939 ( 68.51%), making the housing stock in Mount Carmel some of the oldest overall in America, although there is a range of ages of homes in Mount Carmel. The next most important housing age is between 1940-1969 ( 19.89%), followed by between 1970-1999 ( 10.98%).

Vacant housing appears to be an issue in Mount Carmel. Fully 20.37% of the housing stock is classified as vacant. Left unchecked, vacant Mount Carmel homes and apartments can be a drag on the real estate market, holding Mount Carmel real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mount Carmel Home Appreciation Rates

Appreciation rates for homes in Mount Carmel have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.01%, which ranks in the top 40% nationwide. This equates to an annual average Mount Carmel house appreciation rate of 0.68%.

Over the last year, Mount Carmel appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Carmel's appreciation rate has been 2.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Carmel were at -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, Mount Carmel's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Mount Carmel's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values


Median Home Value:

Mount Carmel, PA HOME PRICES

Value Range
> $1,033,000 0.0
$775,001 - $1,033,000 0.0
$517,001 - $775,000 1.3
$413,001 - $517,000 0.0
$310,001 - $413,000 1.1
$207,001 - $310,000 3.6
$103,001 - $207,000 13.3
$52,001 - $103,000 25.5
$0 - $52,000 55.3

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
99.4960740653932 98.6473429951691

Number Of Homes And Apartments:

Mount Carmel Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
46.40% 2.23% 6 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$705 / per month

Homeownership Rate

Owners 68.90
Renters 31.10
Vacant 20.37

Housing Market Details


Age of Homes

AGE OF Mount Carmel HOMES
2000 or Newer 0.6
1970 - 1999 11.0
1940 - 1969 19.9
1939 or Older 68.5

Types of Homes

TYPE OF Mount Carmel HOMES
Single-Family 29.1
Townhomes 55.0
Small Apt. Buildings 5.8
Apt. Complexes 9.4
Mobile Homes 0.5
Other 0.3

Home Size

SIZE OF Mount Carmel HOMES
No Bedroom 0.22
1 Bedroom 13.68
2 Bedrooms 18.54
3 Bedrooms 49.04
4 Bedrooms 10.37
5 or more bedrooms 8.15

Popular Neighborhoods in Mount Carmel

Zip Codes in Mount Carmel, PA