Mount Carmel, TN 37645 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mount Carmel, TN—37645

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$256,000

3.0% YoY Growth

Household Income

$71,300

41.1% YoY Growth

Days on Market

31.0% Shorter YoY

Home Price Forecast

4.6%

Median Rent

$2,500

110.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,500

N/A

Home Price Trends — Mount Carmel, TN

As of Dec '25, the median home price in Mount Carmel, TN is $256,000, with a year-over-year change of 3.0%. This indicates that home prices in Mount Carmel, TN are increasing. According to Zillow, the 1-year price projection is 4.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$256,000	3.0%
Single Family	$255,000	3.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mount Carmel, TN

As of July '25, Rentcast reports the average rent in Mount Carmel, TN is $2,500, with a year-over-year rent change of 110.1%. Per bedroom, the median rent as of July '25 in Mount Carmel, TN is 3-bedrooms: $2,500. The most common rental property sizes in Mount Carmel, TN are 3-bedroom and 2-bedroom, accounting for 50.2% and 42.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,500
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$2,500	$2,500
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

1.7%

2 Bedrooms

42.9%

3 Bedrooms

50.2%

4 Bedrooms

5.2%

Property Listings — Mount Carmel, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Mount Carmel, TN is 38. This is a decrease of -24.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	-7.0%
Listing Count	25	34.0%
Listings as % of Homes	0.6%	34.0%
Days on Market	45	-31.0%

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Demographics — Mount Carmel, TN

As of the latest ACS Survey released in 2023, Mount Carmel, TN has a population of 5,500, which has increased by 9.1% over the past 5 years. Mount Carmel, TN is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,500	9.1%
% Under 18	18.4%	-21.4%
% Seniors	18.4%	10.2%
% WFH	12.2%	281.2%
% w/ College Degree	15.0%	-16.2%

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As of the latest ACS Survey released in 2023, Mount Carmel, TN is a predominantly white area, with 97.3% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Mount Carmel, TN is asian, making up 0.8% of the population. Foreign-born residents account for 0.4% of the population in Mount Carmel, TN, and this percentage has decreased by 78.9% 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	97.3%	3.4%
% Black	0.0%	-100.0%
% Hispanic	0.4%	-88.9%
% Asian	0.8%	300.0%
% Foreign Born	0.4%	-78.9%

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Mortgage and Risk — Mount Carmel, TN

According to HUD data as of 2023, there were 97 mortgage originations in Mount Carmel, TN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Mount Carmel, TN. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	97
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	22.0%

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Rentals and Section 8 — Mount Carmel, TN

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

Section 8 Market Size

Total Units under HUD	9
Total Units Section 8	9
% Rentals under Section 8	4.8%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$780
2 Bedroom	N/A	N/A	$990
3 Bedroom	-$1,220	$2,500	$1,280
4 Bedroom	N/A	N/A	$1,460

Mount Carmel, TN—37645

Key Metrics at a Glance

Home Price Trends — Mount Carmel, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mount Carmel, TN

% of Rental Stock

Property Listings — Mount Carmel, TN

Demographics — Mount Carmel, TN

Race and Ethnicity

Mortgage and Risk — Mount Carmel, TN

Mortgages

Rentals and Section 8 — Mount Carmel, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Mount Carmel, TN

Home Price to Income Ratio

Mount Carmel, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Church Hill, TN

Kingsport, TN

Kingsport, TN

Weber City, VA

Gate City, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$256,000
Median Household Income	$71,300

Mount Carmel, TN—37645

Key Metrics at a Glance

Home Price Trends — Mount Carmel, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mount Carmel, TN

% of Rental Stock

Property Listings — Mount Carmel, TN

Demographics — Mount Carmel, TN

Race and Ethnicity

Mortgage and Risk — Mount Carmel, TN

Mortgages

Rentals and Section 8 — Mount Carmel, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Mount Carmel, TN

Home Price to Income Ratio

Mount Carmel, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Church Hill, TN

Kingsport, TN

Kingsport, TN

Weber City, VA

Gate City, VA

Frequently Asked Questions

What is the average home price in Mount Carmel, TN 37645?

How have home prices in Mount Carmel, TN 37645 changed over the past year?

What is the home price projection for Mount Carmel, TN 37645?

What are the demographics of Mount Carmel, TN 37645?

How long does it take homes to sell in Mount Carmel, TN 37645?

What is the average rent price in Mount Carmel, TN 37645?