Mount Carmel, TN housing market
The typical Mount Carmel home is worth about $267,000, up 7% in a year, 20% below the Tennessee typical home. Homes typically sell in 39 days, below asking.
Home values, sales, trends and how Mount Carmel compares with the towns next door — updated as new data is published.
Mount Carmel at a glance
A seller's market
Supply is tight — about 3.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Mount Carmel | Tennessee |
|---|---|---|
| 2017 | $121,000 | $174,000 |
| 2018 | $126,000 | $187,000 |
| 2019 | $130,000 | $198,000 |
| 2020 | $147,000 | $215,000 |
| 2021 | $160,000 | $238,000 |
| 2022 | $189,000 | $287,000 |
| 2023 | $217,000 | $313,000 |
| 2024 | $236,000 | $326,000 |
| 2025 | $248,000 | $334,000 |
| 2026 | $258,000 | $333,000 |
| August 2026 | $267,000 | $334,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Mount Carmel in 2025, all single-family houses. That's 0.4 per 1,000 residents, slower than across Tennessee (7.8). Over the past 10 years, Mount Carmel has permitted 49 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Mount Carmel gained 44 residents while 62 new homes were permitted: about 0.7 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Tennessee: 2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $393,000 |
| 2025 | 2 | 2 | 0 | $393,000 |
| 2024 | 2 | 2 | 0 | $393,000 |
| 2023 | 4 | 4 | 0 | $773,000 |
| 2022 | 6 | 6 | 0 | $1.2 million |
| 2021 | 8 | 8 | 0 | $1.5 million |
| 2020 | 4 | 4 | 0 | $823,000 |
| 2019 | 2 | 2 | 0 | $200,000 |
| 2018 | 7 | 7 | 0 | $825,000 |
| 2017 | 7 | 7 | 0 | $1 million |
| 2016 | 7 | 7 | 0 | $817,000 |
| 2015 | 6 | 6 | 0 | $700,000 |
| 2014 | 3 | 3 | 0 | $450,000 |
| 2013 | 7 | 7 | 0 | $755,000 |
| 2012 | 8 | 8 | 0 | $1.1 million |
| 2011 | 6 | 6 | 0 | $785,000 |
| 2010 | 9 | 7 | 2 | $940,000 |
| 2009 | 10 | 10 | 0 | $1.3 million |
| 2008 | 16 | 16 | 0 | $2 million |
| 2007 | 23 | 23 | 0 | $2.6 million |
| 2006 | 30 | 30 | 0 | $3.4 million |
| 2005 | 32 | 32 | 0 | $3.1 million |
| 2004 | 28 | 28 | 0 | $2.7 million |
| 2003 | 38 | 38 | 0 | $3.4 million |
| 2002 | 36 | 36 | 0 | $3.2 million |
| 2001 | 42 | 42 | 0 | $3.5 million |
| 2000 | 64 | 62 | 2 | $4.6 million |
Mount Carmel's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Mount Carmel ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Mount Carmel and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Mount Carmel | $267K | +7% | $990 | 2 | $68,866 |
| Church Hill | $265K | +5.9% | $1,130 | 10 | $65,526 |
| Kingsport | $257K | −0.9% | $1,050 | 408 | $52,490 |
3.9 years of income
The typical Mount Carmel home costs about 3.9 years of the town's median household income, less than across Tennessee (4.8 years).
How Mount Carmel ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Mount Carmel is $990 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mount Carmel pay a median of $643, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $680 · 4 bedrooms $1,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37645, 37660; Kingsport-Bristol, TN-VA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Mount Carmel
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.