Housing & Real Estate — Carmel, Indiana
Overview
| Total Housing Units | 40,477 |
|---|
| Occupied | 38,160 |
|---|
| Vacant | 2,317 |
|---|
| Owner-Occupied | 28,450 |
|---|
| Renter-Occupied | 9,710 |
|---|
| Median Home Value (Census) | $486,800 |
|---|
| Estimated 2026 | ~$569,000 |
|---|
| Median Rent | $1,607/mo |
|---|
| Median Property Tax | $4,056/yr |
|---|
Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
|---|
| Rent as % of Income | 13.6% |
|---|
| Severely Rent-Burdened | 34.5% |
|---|
Housing Age
| Built 2010 or later | 9,331 |
|---|
| Built 2000-2009 | 8,980 |
|---|
| Built 1990-1999 | 8,538 |
|---|
| Built before 1960 | 2,034 |
|---|
| Median Year Built | 1996 |
|---|
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
