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Carmel, ME—04419

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$330,000
0.9% YoY Growth
Household Income
$89,600
33.5% YoY Growth
Days on Market
17
68.0% Shorter YoY
Home Price Forecast
1.7%
Median Rent
$1,380
4.0% YoY Growth
1-Bed Rent
$1,100
4.8% YoY Growth
2-Bed Rent
$1,380
N/A
3-Bed Rent
$1,600
0.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Carmel, ME

As of May '26, the median home price in Carmel, ME is $330,000, with a year-over-year change of 0.9%. This indicates that home prices in Carmel, ME are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$330,0000.9%
Single Family $332,0001.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$358,0001.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    5.8%
    2 Bedrooms
    29.9%
    3 Bedrooms
    34.9%
    4 Bedrooms
    23.0%
    5+ Bedrooms
    6.4%

    Rental Trends — Carmel, ME

    As of July '25, Rentcast reports the average rent in Carmel, ME is $1,440, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Carmel, ME is 1-bedrooms: $1,100, 2-bedrooms: $1,380, 3-bedrooms: $1,600, 4-bedrooms: $1,700. The most common rental property sizes in Carmel, ME are 2-bedroom and 3-bedroom, accounting for 65.9% and 20.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,380$1,440
    Studio Rent N/AN/A
    1 Bed Rent $1,100$1,100
    2 Bed Rent $1,380$1,380
    3 Bed Rent $1,600$1,600
    4 Bed Rent $1,700$1,700
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    % of Rental Stock

    1 Bedroom
    3.2%
    2 Bedrooms
    65.9%
    3 Bedrooms
    20.5%
    5+ Bedrooms
    10.3%

    Property Listings — Carmel, ME

    As of May '26, Realtor.com reports that the median days on market for a home in Carmel, ME is 17. This is a decrease of -68.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$410,000-18.0%
    Listing Count
    		3-56.0%
    Listings as % of Homes0.1%-56.0%
    Days on Market
    		17-68.0%
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    Demographics — Carmel, ME

    As of the latest ACS Survey released in 2023, Carmel, ME has a population of 2,900, which has increased by 4.0% over the past 5 years. Carmel, ME is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,9004.0%
    % Under 18
    		19.5%-8.5%
    % Seniors
    		17.7%23.8%
    % WFH
    		3.1%14.8%
    % w/ College Degree
    		19.4%-8.9%
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    As of the latest ACS Survey released in 2023, Carmel, ME is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Carmel, ME is hispanic, making up 2.2% of the population. Foreign-born residents account for 2.0% of the population in Carmel, ME, and this percentage has increased by 900.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.7%-8.8%
    % Black
    		0.1%∞%
    % Hispanic
    		2.2%∞%
    % Asian
    		0.6%∞%
    % Foreign Born
    		2.0%900.0%
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    Mortgage and Risk — Carmel, ME

    According to HUD data as of 2023, there were 73 mortgage originations in Carmel, ME, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Carmel, ME. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		73
    % Conventional Loans
    		82.0%
    % Government Loans
    		18.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Carmel, ME

    Carmel, ME lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$100$1,100$1,200
    2 Bedroom$190$1,380$1,570
    3 Bedroom$380$1,600$1,980
    4 Bedroom$640$1,700$2,340

    Affordability — Carmel, ME

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$330,000
    Median Household Income$89,600

    Carmel, ME — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Levant, ME

    04456

    Etna, ME

    04434

    Hampden, ME

    04444

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    Dixmont, ME

    04932

    Frequently Asked Questions