Total monthly cost of ownership
Cost to Own a Home in Carmi, Illinois
A $99,000 home here costs
$1,047per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $538 higher every month — 106% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Carmi against White County and Illinois
| Measure | Carmi | White County |
|---|---|---|
| Median home value | $98,700 | $100,100 |
| Median property tax | $1,603 | $1,388 |
| Effective tax rate | 1.624% | 1.387% |
| Median gross rent | $863 | $706 |
| Population | 4,879 | 13,708 |
The weather behind that power bill
Carmi sits in White County, which averages a high of 87.6°F in its hottest month and a low of 21.2°F in its coldest, with 48.32" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,245 cooling and 4,857 heating degree days, which is what sets the $214 electricity line above.
See the full climate breakdown for White County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in White County
Common questions
How much does it cost to own a home in Carmi?
A $99,000 home in Carmi, Illinois costs approximately $1,047 per month with 20% down at 6.66%. That is $509 principal and interest, $134 property tax, $39 homeowners insurance, $282 utilities and $83 set aside for maintenance.
What is the property tax rate in Carmi?
Carmi has an effective property tax rate of 1.624%, based on a median home value of $98,700 and median real estate taxes of $1,603. That is higher than the White County average of 1.387%.
What is the average home price in Carmi?
The median owner-occupied home value in Carmi, Illinois is $98,700, against $100,100 across White County.
Is it cheaper to rent or buy in Carmi?
Median gross rent in Carmi is $863 a month, against $1,047 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Carmi — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Illinois.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.