Mount Carmel, Ohio Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mount Carmel, Ohio rental market.
Mount Carmel, Ohio
Average Apartment Rent
$1,396
Y-o-Y Change in Average
Apartment Rent
4.9%
As of May 2026
Compared to a year ago, Mount Carmel, Ohio apartments have recorded a 4.9% rent increase.
Mount Carmel, Ohio Average apartment rent trend
Mount Carmel, Ohio Average Apartment Rent
Mount Carmel, Ohio Apartment rent ranges
At 46.7%, apartments priced $1,000 - $1,500 represent the bulk of Mount Carmel, Ohio rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 1.67%.
Mount Carmel, Ohio Housing tenure**
Renters take up 36% of Mount Carmel, Ohio real estate, occupying a total of 766 units, while homeowners live in 1,344 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$35,556
Average household size of renter-occupied housing units**
1.88
Rental vacancy rate**
4.6%
Mount Carmel, Ohio Renter-occupied housing units by no. of bedrooms**
There are 464 rentals in Mount Carmel, Ohio with 2 beds making up the highest share of the market, at 61%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 13 units. Overall, the median number of rooms in Mount Carmel, Ohio homes for rent is 4.1.
Mount Carmel, Ohio Renter-occupied units by age of householder**
Most condos for rent in Mount Carmel, Ohio are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 15 - 24 years age group (18%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.
Mount Carmel, Ohio Renter-occupied housing units by family type**
Mount Carmel, Ohio Renter-occupied housing units by the presence of own children**
A total of 304 apartments for rent in Mount Carmel, Ohio, or 40% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 164 units. All in all, the median size of a renter-occupied household in Mount Carmel, Ohio is 1.88.
Mount Carmel, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Mount Carmel, Ohio.
Mount Carmel, Ohio Renter-occupied units by year structure built**
The highest share of Mount Carmel, Ohio apartment rentals, namely 33% or 252 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (31%, 234 units), and the ones Built 1980 - 1989 (12%, 91 units).
Mount Carmel, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Mount Carmel, Ohio renters (49%) moved in 2018 to 2020, while only 2% of them moved in 2021 or later. Overall, the median year renters have occupied their Mount Carmel, Ohio condos for rent is 2018.
Mount Carmel, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Mount Carmel, Ohio renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 14% have 3 or more vehicles available.
Mount Carmel, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Mount Carmel, Ohio Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mount Carmel, Ohio apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
