Carmel, IN Real Estate

According to census data in the year 2000 there were 14,168 housing units in Carmel. This represents a 46.9% growth from 9,645 in 1990.

Of those housing units, 14,168 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Carmel is about 79%. Carmel's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 2.73 people.

The majority of houses, apartments or condos in Carmel were built after 1982.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom6.60%
Two Bedrooms15.90%
Three Bedrooms22%
Four Bedrooms43.40%
Five Bedrooms or more11.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.91
Median year structure was built1985
Median Value of occupied units$205,400
Median Price asked for vacant units$217,600

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1976
Median Monthly Rent asked for vacant units$758

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage10.10%
Home Equity Loan15.50%
Simple Mortgage57.50%
Debt Free16.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.1%