Carmel, ME—04419
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carmel, ME
As of Oct '25, the median home price in Carmel, ME is $318,000, with a year-over-year change of 3.2%. This indicates that home prices in Carmel, ME are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $318,000 | 3.2% |
| Single Family | $320,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $349,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,440 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Carmel, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Carmel, ME is 46. This is a decrease of -33.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $295,000 | -26.0% |
Listing Count | 12 | 22.0% |
| Listings as % of Homes | 0.1% | 22.0% |
Days on Market | 46 | -33.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,900 | 4.0% |
% Under 18 | 19.5% | -8.5% |
% Seniors | 17.7% | 23.8% |
% WFH | 3.1% | 14.8% |
% w/ College Degree | 19.4% | -8.9% |
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
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.7% | -8.8% |
% Black | 0.1% | ∞% |
% Hispanic | 2.2% | ∞% |
% Asian | 0.6% | ∞% |
% Foreign Born | 2.0% | 900.0% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $318,000 |
| Median Household Income | $89,600 |