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Carman

Learn about the people, housing, costs and businesses in Carman, Illinois

Median Home$108,500
Median Rent$1,188/month
Population67
Leading IndustriesTransportation · Construction · Agriculture & Mining6% transportation
Retirees23% of residentsslightly above average
Homeowners83% of occupied units
Carman
IL

Frequently Asked Questions

What are today's mortgage rates in Carman?

As of today, the 30-year fixed mortgage rate for Carman 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.

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What is the median home price in Carman?

The median home value in Carman is $109k. The median monthly rent is $1,188. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $792/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carman is $81k/year.

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What industries drive the economy in Carman?

The largest employment sectors in Carman are public administration (17%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.