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Carmi is
primarily composed of residential housing, with no condominium
housing available. There are several apartment complexes and
individual homes within residential areas available for rent.
There also are retirement homes, retirement apartments and nursing
homes available in Carmi
The average cost to build a 2,000 square foot, traditional brick
ranch home with 3 bedrooms, 2 baths and 2 car attached garage
is estimated to be $110,000 to $140,000.
If you purchased an existing 2,000 square foot, traditional
brick ranch home (less than 15 years old), well-maintained,
with 3 bedrooms, 2 baths and 2-car attached garage, you would
pay on an average between $90,000 to $120,000.
The average marketing time (list to close) for a property in
1997 was 3.5 months, according to a local real estate agency.
While the Little Wabash River runs through the east portion
of Carmi, the majority of housing in Carmi does not fall in
the flood zone area which requires flood insurance.
The real estate property assessment percentage is presently
33.33 percent of fair market value.
New housing continues to be built in Carmi but at a relatively
slow pace. The majority of homes are located in subdivisions
less than 20 years old, as well as the outskirts of Carmi on
a small lake known as Colony West.
To obtain a list of real estate agents in Carmi, call the Chamber
of Commerce office at 618-382-7606.
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