Home Insurance in Mount Carmel, Illinois
With a median home value of $89,300, Mount Carmel is 15% lower than the Wabash County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Mount Carmel was built around 1956. About 55% of homes were built before 1960, about 11 points above Wabash County's 44%.
In Mount Carmel, the housing stock is 74% single-family homes, 10% apartments in buildings with 5+ units and 7% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 43% of owner-occupied homes in Mount Carmel have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Mount Carmel has an owner-occupancy rate of 67% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
75% of homes in Mount Carmel are primarily heated with natural gas.
FEMA rates Wabash County's overall risk as Very Low, led by earthquake (Relatively Low). Wabash County had 8 active NFIP flood policies as of September 2026. See the full Wabash County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In Illinois, the statewide average premium for a standard HO-3 homeowners policy is $1,480 per year (NAIC, 2023 data).
Key figures
| Median home value | $89,300 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 43% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Wabash County | 8 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)