Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Carbon Hill

Learn about the people, housing, costs and businesses in Carbon Hill, Illinois

Median Home$255,000
Median Rent$1,074/month
Population360
Leading IndustriesInformation & Media · Wholesale Trade · Transportation10% information & media
Home Value Growth⬆⬆+14.9% over 2 years
Retirees26% of residentsabove average nationally
Homeowners78% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Carbon Hill
IL

Frequently Asked Questions

What are today's mortgage rates in Carbon Hill?

As of today, the 30-year fixed mortgage rate for Carbon Hill is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Carbon Hill
What is the median home price in Carbon Hill?

The median home value in Carbon Hill is $255k. The median monthly rent is $1,074. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Carbon Hill?

Home values in Carbon Hill have increased 14.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Carbon Hill?

Based on a typical all-in ownership cost of $1,182/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carbon Hill is $79k/year.

Calculate your buying power
What industries drive the economy in Carbon Hill?

The largest employment sectors in Carbon Hill are public administration (22%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.