Is Mount Carmel, IL a good place to invest in rental property?

Mount Carmel, IL has a median modeled monthly cash flow of $109 and a median cap rate of 7.3%, on a median sold price of $135,000. Prices changed +23.0% year over year.

What is the average cap rate in Mount Carmel, IL?

The median cap rate across recently sold homes in Mount Carmel, IL is 7.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mount Carmel, IL?

The median sold price in Mount Carmel, IL is $135,000 (about $91 per square foot).

Investing in Mount Carmel, IL Real Estate

#193 cash-flow market in the U.S.

A data-driven snapshot of the Mount Carmel, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$135,000Median sold price

$91Median $/sqft

7.3%Median cap rate

$109Modeled cash flow / mo

+23.0%Appreciation YoY

16.9Months of supply

45Active listings

32Sold (last 12 mo)

What the Mount Carmel numbers say

In Mount Carmel, IL, the median home sold for $135,000 (about $91 per square foot), and the typical deal models out to a 7.3% cap rate with a median $109 of monthly cash flow. Sold prices moved +23.0% over the past year. Inventory sits at about 16.9 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Mount Carmel cash-flowing listings

CashFlowRE ranks every for-sale home in Mount Carmel, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mount Carmel deals, or browse the national market data.