Mount Carmel, PA—17851
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Carmel, PA
As of Oct '25, the median home price in Mount Carmel, PA is $52,000, with a year-over-year change of 5.5%. This indicates that home prices in Mount Carmel, PA are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $52,000 | 5.6% |
| Single Family | $52,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Mount Carmel, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Carmel, PA is 48. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $71,700 | 3.0% |
Listing Count | 36 | 20.0% |
| Listings as % of Homes | 0.8% | 20.0% |
Days on Market | 48 | -29.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Mount Carmel, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 0.8 |
| Median Home Price | $52,000 |
| Median Household Income | $53,800 |