Housing in Carmel, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$662,500
Median List Price
$554,500
Price Per Sq Ft
$191
Days on Market
53
Active Inventory
142
Months of Supply
1.9
Seller's market
Zillow Home Value
$547,770
ZHVI — January 2026
Zillow Rent Index
$1,756
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
10.5%
Off Market in 2 Weeks
32.3%
Sale-to-List Ratio
97.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
76
New Listings
94
Pending Sales
96
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$191
Median List $/SF
$213
Carmel vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Carmel is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$455,500
Median Rent
$1,607
Total Housing Units
40,477
Vacancy Rate
5.7%
Owner Occupied
74.5%
Renter Occupied
25.4%
Median Property Tax
$3,804
per year
Monthly Cost (w/ Mortgage)
$1,875
Housing Types
The current median sale price in Carmel, IN is $662,500 according to Redfin data. Homes spend a median of 53 days on the market. 10.5% of homes sold above asking price. The market has 1.9 months of supply. The median price per square foot is $191. Zillow's observed rent index is $1,756/month. About 74.5% of housing units are owner-occupied. The median year homes were built is 1997. There are 40,477 total housing units.