Mount Carmel, PA 17851 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mount Carmel, PA—17851

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$64,000

4.3% YoY Growth

Household Income

$53,800

65.8% YoY Growth

Days on Market

22.0% Longer YoY

Home Price Forecast

-1.5%

Median Rent

$900

9.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$850

0.0% YoY Growth

3-Bed Rent

$900

10.8% YoY Growth

Home Price Trends — Mount Carmel, PA

As of May '26, the median home price in Mount Carmel, PA is $64,000, with a year-over-year change of -4.3%. This indicates that home prices in Mount Carmel, PA are decreasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$64,000	-4.3%
Single Family	$64,000	-5.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mount Carmel, PA

As of July '25, Rentcast reports the average rent in Mount Carmel, PA is $906, with a year-over-year rent change of -9.4%. Per bedroom, the median rent as of July '25 in Mount Carmel, PA is 2-bedrooms: $900, 3-bedrooms: $910, 4-bedrooms: $900. The most common rental property sizes in Mount Carmel, PA are 3-bedroom and 2-bedroom, accounting for 44.6% and 23.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$900	$906
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$850	$900
3 Bed Rent	$900	$910
4 Bed Rent	$900	$900

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% of Rental Stock

Studio

3.0%

1 Bedroom

15.7%

2 Bedrooms

23.9%

3 Bedrooms

44.6%

4 Bedrooms

11.4%

5+ Bedrooms

1.4%

Property Listings — Mount Carmel, PA

As of May '26, Realtor.com reports that the median days on market for a home in Mount Carmel, PA is 67. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$78,000	18.0%
Listing Count	40	76.0%
Listings as % of Homes	0.8%	76.0%
Days on Market	67	22.0%

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Demographics — Mount Carmel, PA

As of the latest ACS Survey released in 2023, Mount Carmel, PA has a population of 7,170, which has decreased by -6.2% over the past 5 years. Mount Carmel, PA is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,170	-6.2%
% Under 18	18.5%	19.4%
% Seniors	21.8%	-12.4%
% WFH	6.1%	165.2%
% w/ College Degree	17.1%	58.3%

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As of the latest ACS Survey released in 2023, Mount Carmel, PA is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Mount Carmel, PA is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.8% of the population in Mount Carmel, PA, and this percentage has decreased by 43.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	92.5%	-4.2%
% Black	1.1%	266.7%
% Hispanic	3.8%	111.1%
% Asian	0.3%	50.0%
% Foreign Born	1.8%	-43.8%

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Mortgage and Risk — Mount Carmel, PA

According to HUD data as of 2023, there were 108 mortgage originations in Mount Carmel, PA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Mount Carmel, PA. Investor activity is low, as 15.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	108
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	15.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Mount Carmel, PA

Mount Carmel, PA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	267
Total Units Section 8	267
% Rentals under Section 8	36.5%
% Occupied Section 8	88.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$800
2 Bedroom	$110	$850	$960
3 Bedroom	$260	$900	$1,160
4 Bedroom	$420	$900	$1,320

Mount Carmel, PA—17851

Key Metrics at a Glance

Home Price Trends — Mount Carmel, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mount Carmel, PA

% of Rental Stock

Property Listings — Mount Carmel, PA

Demographics — Mount Carmel, PA

Race and Ethnicity

Mortgage and Risk — Mount Carmel, PA

Mortgages

Rentals and Section 8 — Mount Carmel, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Mount Carmel, PA

Home Price to Income Ratio

Mount Carmel, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Marion Heights

Locust Gap, PA

Kulpmont, PA

Locustdale

Wilburton, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1
Median Home Price	$64,000
Median Household Income	$53,800

Mount Carmel, PA—17851

Key Metrics at a Glance

Home Price Trends — Mount Carmel, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mount Carmel, PA

% of Rental Stock

Property Listings — Mount Carmel, PA

Demographics — Mount Carmel, PA

Race and Ethnicity

Mortgage and Risk — Mount Carmel, PA

Mortgages

Rentals and Section 8 — Mount Carmel, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Mount Carmel, PA

Home Price to Income Ratio

Mount Carmel, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Marion Heights

Locust Gap, PA

Kulpmont, PA

Locustdale

Wilburton, PA

Frequently Asked Questions

What is the average home price in Mount Carmel, PA 17851?

How have home prices in Mount Carmel, PA 17851 changed over the past year?

What is the home price projection for Mount Carmel, PA 17851?

What are the demographics of Mount Carmel, PA 17851?

How long does it take homes to sell in Mount Carmel, PA 17851?

What is the average rent price in Mount Carmel, PA 17851?