Mount Carmel, IL
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Mount Carmel short-term rental market based on reliable data.
Listings
7 / 10
Reliable / Active
Cap Rate
23%
Middle-Earners Gross Yield
Revenue
$25,266
Middle-Earners Revenue
Occupancy
61%
Middle-Earners Occupancy
Home Value
$109,857
Median Home Sale Price
Top Earners
$31,728
Top-Earners Revenue
Mount Carmel
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Mount Carmel.
Loading top listings...
Challenging to Investors
Mount Carmel Regulations
Mount Carmel appears to allow STRs based on active Airbnb listings, but the lack of specific regulatory details creates compliance challenges. The existence of municipal code references (Chapter 14, Section 14-64) suggests specific requirements exist, but comprehensive details require direct consultation with multiple local authorities, creating uncertainty for investors.
Local STR Agent
STR specialist · Mount Carmel, IL
About Mount Carmel
Mount Carmel is a city in and the county seat of Wabash County, Illinois, United States. At the time of the 2010 census, the population was 7,284, and it is the largest city in the county. The next largest town in Wabash County is Allendale, population 475. Located at the confluence of the Wabash, Patoka, and White rivers, Mount Carmel borders both Gibson and Knox counties of Indiana. A small community known informally as East Mount Carmel sits near the mouth of the Patoka River on the opposite (Gibson County) side of the Wabash River from Mount Carmel. Mount Carmel is 5 miles (8.0 km) northeast of the Forest of the Wabash, a National Natural Landmark within Beall Woods State Park and about a mile north-northeast of one of its main employers, the Gibson Generating Station. Mount Carmel is also the home of Wabash Valley College, part of the Community College System of Eastern Illinois. Some know Mt. Carmel as Mountain Carmel.