Carmel, IN—46280

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$328,000

5.2% YoY Growth

Household Income

$84,600

36.1% YoY Growth

Days on Market

21.0% Longer YoY

Home Price Forecast

2.3%

Median Rent

$2,200

15.9% YoY Growth

1-Bed Rent

$2,500

4.6% YoY Growth

2-Bed Rent

$2,150

45.3% YoY Growth

3-Bed Rent

$2,200

10.3% YoY Growth

Other Zip Codes in Carmel, IN

46032 46033

Home Price Trends — Carmel, IN

As of Dec '25, the median home price in Carmel, IN is $328,000, with a year-over-year change of 5.2%. This indicates that home prices in Carmel, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$328,000	5.2%
Single Family	$338,000	5.6%
Condos	$275,000	2.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,190
Studio Rent	$1,950	$1,950
1 Bed Rent	$2,500	$2,500
2 Bed Rent	$2,150	$2,180
3 Bed Rent	$2,200	$2,140
4 Bed Rent	$2,900	$2,900

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$366,000	-5.0%
Listing Count	23	32.0%
Listings as % of Homes	0.4%	32.0%
Days on Market	47	21.0%

Metric	Latest Census	YoY % Change
Population	7,660	2.2%
% Under 18	15.9%	-29.6%
% Seniors	19.3%	39.9%
% WFH	24.3%	465.1%
% w/ College Degree	60.5%	46.5%

Metric	Latest Census	5-Year % Change
% White	79.5%	-10.1%
% Black	8.1%	118.9%
% Hispanic	6.5%	182.6%
% Asian	2.5%	19.0%
% Foreign Born	5.7%	9.6%

Metric	Zip Code Average
Total Loan Originations	206
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

Carmel, IN—46280

Key Metrics at a Glance

Other Zip Codes in Carmel, IN

Home Price Trends — Carmel, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carmel, IN

% of Rental Stock

Property Listings — Carmel, IN

Demographics — Carmel, IN

Race and Ethnicity

Mortgage and Risk — Carmel, IN

Mortgages

Rentals and Section 8 — Carmel, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Carmel, IN

Home Price to Income Ratio

Carmel, IN — ZIP Code Boundary Map

Nearby ZIP Codes

South Indianapolis, Indianapolis, IN

North Ridge Village, IN

Carmel, IN

Beech Grove, Indianapolis, IN

Carmel, IN

Frequently Asked Questions

Total Units under HUD	7
Total Units Section 8	7
% Rentals under Section 8	0.6%
% Occupied Section 8	N/A

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$1,000	$2,500	$1,500
2 Bedroom	-$400	$2,150	$1,750
3 Bedroom	$80	$2,200	$2,280
4 Bedroom	-$130	$2,900	$2,770

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$328,000
Median Household Income	$84,600

Carmel, IN—46280

Key Metrics at a Glance

Other Zip Codes in Carmel, IN

Home Price Trends — Carmel, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Carmel, IN

% of Rental Stock

Property Listings — Carmel, IN

Demographics — Carmel, IN

Race and Ethnicity

Mortgage and Risk — Carmel, IN

Mortgages

Rentals and Section 8 — Carmel, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Carmel, IN

Home Price to Income Ratio

Carmel, IN — ZIP Code Boundary Map

Nearby ZIP Codes

South Indianapolis, Indianapolis, IN

North Ridge Village, IN

Carmel, IN

Beech Grove, Indianapolis, IN

Carmel, IN

Frequently Asked Questions

What is the average home price in Carmel, IN 46280?

How have home prices in Carmel, IN 46280 changed over the past year?

What is the home price projection for Carmel, IN 46280?

What are the demographics of Carmel, IN 46280?

How long does it take homes to sell in Carmel, IN 46280?

What is the average rent price in Carmel, IN 46280?