Short Sale Listings in Mount Carmel, TN

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View this home at Valley Crest Dr Mount Carmel TN 37645
$293,808 EMV
Valley Crest Dr
Mount Carmel, TN 37645
EST. RENT: $1,100
AUCTION: 06-06-2024
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Home Value Estimator For Mount Carmel, TN

There are currently 2,305 real estate properties in Mount Carmel, TN, with a median automated valuation model (AVM) price of $229,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mount Carmel, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mount Carmel, TN, is $224,280.00, with the most expensive house in Mount Carmel, TN, topping out at $3,073,300.00 and the cheapest home in Mount Carmel, TN, clocking in at $8,691.00. In other words, there’s something for every potential homebuyer or savvy investor in Mount Carmel, TN!

Rent Prices In Mount Carmel, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mount Carmel, TN, is on a rollercoaster ride. The average rent price in Mount Carmel, TN, is $1,011.00. Indeed, when looking to rent in Mount Carmel, TN, you can expect to pay as little as $570.00 or as much as $2,320.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Mount Carmel, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Mount Carmel, TN In 2024

Mount Carmel is located in Hawkins, Tennessee, with an estimated municipal population of 5,294 residents. All of the best foreclosed homes for sale in Mount Carmel are located in the following zip code areas on 37645. The estimated population per square kilometer (.62 miles) in Mount Carmel is 307.

Cost Of Living In Mount Carmel, TN

So, about how much do homes cost in Mount Carmel? The most recent median value of resident-owned homes in Mount Carmel is 150,874. An estimated 74.6 percent of households in Mount Carmel own their homes, with an average family size of 2.77. The median household income in Mount Carmel is 53,253, with15.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mount Carmel, the median commute time of resident workers (in minutes) is 22.3. And last, but certainly not least, are you looking for homes to rent in Mount Carmel? If so, the average rent price paid by renters in Mount Carmel is 682, according to recent statistics.

Diversity And Demographics In Mount Carmel, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Mount Carmel, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Mount Carmel is 42.8, split between 52 percent male versus 48 female. The percentage of residents who report being married in Mount Carmel is 55.8, with an average family size of 2.77.

The percentage of residents who report their race in Mount Carmel is as follows:

White 97.7%
Black / African American 0.9%
Asian 0.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.1%
Other 0%

Looking for family-friendly neighborhoods in and/or near Mount Carmel? Or maybe you are searching for 55+ active adult communities in and/or near Mount Carmel?

The percentage of residents who report their age in Mount Carmel is as follows:

Under 10 10.9%
Aged 10-19 13%
20s 10.5%
30s 13.2%
40s 12%
50s 13.8%
60s 15.7%
70s 6.4%
80+ 4.5%

Best Schools In Mount Carmel, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Mount Carmel with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mount Carmel.

Pros And Cons Of Living In Mount Carmel, Tennessee

How do you know that living in -- or moving to -- Mount Carmel is right where you need to be? Perhaps you grew up in Mount Carmel or already live nearby; therefore, the decision to buy a home in Mount Carmel is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mount Carmel for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Mount Carmel:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mount Carmel.

Reasons To Move To Mount Carmel, Tennessee, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mount Carmel can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mount Carmel, meanwhile, can field multiple offers from more qualified buyers.

Mount Carmel, TN Short Sale Listings


Listing types in Mount Carmel, TN

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