Carmel, NY 10512 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Carmel, NY—10512

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$484,000

2.7% YoY Growth

Household Income

$125,000

27.9% YoY Growth

Days on Market

7.0% Shorter YoY

Home Price Forecast

1.8%

Median Rent

$3,100

25.2% YoY Growth

1-Bed Rent

$2,350

6.7% YoY Growth

2-Bed Rent

$2,500

8.0% YoY Growth

3-Bed Rent

$3,800

5.6% YoY Growth

Home Price Trends — Carmel, NY

As of Dec '25, the median home price in Carmel, NY is $484,000, with a year-over-year change of 2.7%. This indicates that home prices in Carmel, NY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$484,000	2.7%
Single Family	$497,000	2.9%
Condos	$376,000	3.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Carmel, NY

As of July '25, Rentcast reports the average rent in Carmel, NY is $3,820, with a year-over-year rent change of 25.2%. Per bedroom, the median rent as of July '25 in Carmel, NY is studios: $2,000, 1-bedrooms: $2,380, 2-bedrooms: $2,820, 3-bedrooms: $4,170, 4-bedrooms: $10,000. The most common rental property sizes in Carmel, NY are 1-bedroom and 2-bedroom, accounting for 41.2% and 36.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,100	$3,820
Studio Rent	$2,000	$2,000
1 Bed Rent	$2,350	$2,380
2 Bed Rent	$2,500	$2,820
3 Bed Rent	$3,800	$4,170
4 Bed Rent	$10,000	$10,000

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% of Rental Stock

Studio

9.5%

1 Bedroom

41.2%

2 Bedrooms

36.1%

3 Bedrooms

9.0%

4 Bedrooms

3.0%

5+ Bedrooms

1.2%

Property Listings — Carmel, NY

As of Dec '25, Realtor.com reports that the median days on market for a home in Carmel, NY is 45. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$557,000	23.0%
Listing Count	56	80.0%
Listings as % of Homes	0.7%	80.0%
Days on Market	46	-7.0%

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Demographics — Carmel, NY

As of the latest ACS Survey released in 2023, Carmel, NY has a population of 24,200, which has decreased by -1.9% over the past 5 years. Carmel, NY is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 42.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,200	-1.9%
% Under 18	19.3%	-0.5%
% Seniors	20.5%	9.0%
% WFH	11.0%	139.1%
% w/ College Degree	42.3%	12.2%

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As of the latest ACS Survey released in 2023, Carmel, NY is a predominantly white area, with 72.9% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Carmel, NY is hispanic, making up 17.8% of the population. Foreign-born residents account for 13.5% of the population in Carmel, NY, and this percentage has increased by 5.5% 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	72.9%	-6.8%
% Black	4.5%	25.0%
% Hispanic	17.8%	10.6%
% Asian	1.8%	5.9%
% Foreign Born	13.5%	5.5%

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Mortgage and Risk — Carmel, NY

According to HUD data as of 2023, there were 366 mortgage originations in Carmel, NY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Carmel, NY. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	366
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Carmel, NY

As of 2024, the percent of homes in Carmel, NY under the Section 8 program is 16.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Carmel, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	293
Total Units Section 8	270
% Rentals under Section 8	16.3%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$140	$2,350	$2,210
2 Bedroom	-$20	$2,500	$2,480
3 Bedroom	-$700	$3,800	$3,100
4 Bedroom	-$6,670	$10,000	$3,330

Carmel, NY—10512

Key Metrics at a Glance

Home Price Trends — Carmel, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carmel, NY

% of Rental Stock

Property Listings — Carmel, NY

Demographics — Carmel, NY

Race and Ethnicity

Mortgage and Risk — Carmel, NY

Mortgages

Rentals and Section 8 — Carmel, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Carmel, NY

Home Price to Income Ratio

Carmel, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Mahopac, NY

Holmes, NY

Stormville, NY

Croton Falls

Baldwin Place, NY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$484,000
Median Household Income	$125,000

Carmel, NY—10512

Key Metrics at a Glance

Home Price Trends — Carmel, NY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carmel, NY

% of Rental Stock

Property Listings — Carmel, NY

Demographics — Carmel, NY

Race and Ethnicity

Mortgage and Risk — Carmel, NY

Mortgages

Rentals and Section 8 — Carmel, NY

Section 8 Market Size

Section 8 Opportunity

Affordability — Carmel, NY

Home Price to Income Ratio

Carmel, NY — ZIP Code Boundary Map

Nearby ZIP Codes

Mahopac, NY

Holmes, NY

Stormville, NY

Croton Falls

Baldwin Place, NY

Frequently Asked Questions

What is the average home price in Carmel, NY 10512?

How have home prices in Carmel, NY 10512 changed over the past year?

What is the home price projection for Carmel, NY 10512?

What are the demographics of Carmel, NY 10512?

How long does it take homes to sell in Carmel, NY 10512?

What is the average rent price in Carmel, NY 10512?