A typical Carbon Hill home is worth roughly $239,000
Home prices around Carbon Hill have risen about 43% over the past 5 years. Builders were permitted 1 new home in 2025.
What kind of housing town is Carbon Hill?
Read from the numbers below. The page puts what stands out first.
Home prices up 43% in 5 years
The federal house price index for the ZIP code around Carbon Hill rose 43% over the past 5 years, slower than across Illinois (47%). Last year prices rose 8.4%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Carbon Hill, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
What it takes to buy in Carbon Hill
Try your own numbers below.
That covers a typical Carbon Hill home, with $41K to spare.
A two-bedroom rents for about $1,400 a month here, $250 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Illinois typical property tax (2.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,400
Renters already here pay a median of $1,271, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chicago-Joliet-Naperville, IL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
1 new home permitted in 2025
Builders were permitted 1 new home in Carbon Hill in 2025. Over the past 10 years, Carbon Hill has permitted 5 homes in all.
Between the 2010 and 2020 censuses, Carbon Hill gained 27 residents while 5 new homes were permitted: about 5.4 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $200,000 |
| 2025 | 1 | 1 | 0 | $200,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 1 | 1 | 0 | $170,000 |
| 2021 | 1 | 1 | 0 | $190,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $259,000 |
| 2018 | 1 | 1 | 0 | $259,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 2 | 2 | 0 | $205,000 |
| 2010 | 1 | 1 | 0 | $160,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 3 | 3 | 0 | $405,000 |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 2 | 2 | 0 | $303,000 |
| 2002 | 1 | 1 | 0 | $152,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 2 | 2 | 0 | $276,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
80% of Carbon Hill households own their home
Half of Carbon Hill’s homes were built before 1977.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Carbon Hill vs. its neighbors
The towns that share a border with Carbon Hill. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Carbon Hill | $239K* | +8.4%† | $1,400 | 1 | $103,125 |
| Coal City | $275K | +4.3% | $1,420 | 48 | $72,857 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Carbon Hill
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Carbon Hill buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.