Mount Carmel, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Mount Carmel short-term rental market based on reliable data.

Listings

7 / 11

Reliable / Active

Cap Rate

24%

Middle-Earners Gross Yield

Revenue

$28,420

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$118,984

Median Home Sale Price

Top Earners

$38,229

Top-Earners Revenue

Mount Carmel

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Mount Carmel.

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C

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.

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About Mount Carmel

Mount Carmel is a small city in southeastern Illinois that serves as the county seat of Wabash County, with a population of approximately 7,000 residents. It sits along the Wabash River, which forms the border between Illinois and Indiana, giving the town a quiet, river-town character with a compact historic downtown and a relaxed Midwestern pace. Mount Carmel is best known as a regional hub for the surrounding rural communities of southeastern Illinois and as a convenient base for visitors exploring the Wabash Valley's natural areas. The nearest major city is Evansville, Indiana, which lies about 40 miles to the southeast, while St. Louis, Missouri is roughly 150 miles to the northwest.

The biggest natural draw in the immediate area is Beall Woods State Park, located a few miles east of Mount Carmel near the small community of Keensburg. The park protects one of the largest tracts of old-growth hardwood forest remaining in Illinois, with massive oak, maple, and sycamore trees, miles of hiking trails, picnic areas, and access to the Wabash River. It is a popular destination for birdwatching, especially during spring and fall migration, and offers a sense of seclusion that contrasts with the more developed landscapes to the north and south. Beall Woods State Park is roughly a 15- to 20-minute drive from downtown Mount Carmel.

The Wabash River itself is the other defining feature of the area, winding along the city's southern edge and providing opportunities for fishing, boating, and riverside walks. Public access points along the river allow visitors to launch kayaks or canoes and explore the waterway, which serves as a scenic backdrop throughout the warmer months. The river also links Mount Carmel to other small river towns up and down the valley, making it a natural starting point for a leisurely regional drive through southern Illinois and into southwestern Indiana.

A short drive south of Mount Carmel, the landscape begins to transition toward the more rugged terrain of the Shawnee National Forest, a large and varied public-land area in southern Illinois known for its bluffs, rock formations, and waterfalls. While the forest's marquee destinations, such as the Garden of the Gods, are more than an hour's drive from the city, day trips from Mount Carmel are entirely feasible for visitors who want to combine small-town comfort with bigger outdoor adventures.

Mount Carmel offers short-term rental investors a chance to serve travelers drawn to Beall Woods, the Wabash River, and the broader southern Illinois outdoors, all within a community that retains an unhurried, small-town feel and easy access to the amenities of Evansville just across the state line.

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