Carmel-by-the-Sea—93921
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carmel-by-the-Sea
Carmel-by-the-Sea lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Carmel-by-the-Sea
As of July '25, Rentcast reports the average rent in Carmel-by-the-Sea is $4,780, with a year-over-year rent change of -18.7%. Per bedroom, the median rent as of July '25 in Carmel-by-the-Sea is studios: $2,960, 1-bedrooms: $3,150, 2-bedrooms: $4,330, 3-bedrooms: $4,630, 4-bedrooms: $8,320. The most common rental property sizes in Carmel-by-the-Sea are 1-bedroom and 3-bedroom, accounting for 42.7% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,250 | $4,780 |
| Studio Rent | $1,820 | $2,960 |
| 1 Bed Rent | $3,150 | $3,150 |
| 2 Bed Rent | $4,500 | $4,330 |
| 3 Bed Rent | $4,250 | $4,630 |
| 4 Bed Rent | $6,700 | $8,320 |
% of Rental Stock
Property Listings — Carmel-by-the-Sea
As of Oct '25, Realtor.com reports that the median days on market for a home in Carmel-by-the-Sea is 53. This is a decrease of -27.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $4,040,000 | 3.0% |
Listing Count | 22 | 0.0% |
| Listings as % of Homes | N/A | 0.0% |
Days on Market | 53 | -27.0% |
Demographics — Carmel-by-the-Sea
As of the latest ACS Survey released in 2023, Carmel-by-the-Sea has a population of 2,460, which has decreased by -27.2% over the past 5 years. Carmel-by-the-Sea is a less popular place for families, as children make up 4.3% of the population. The area has a highly educated workforce, with 75.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,460 | -27.2% |
% Under 18 | 4.3% | -69.1% |
% Seniors | 62.1% | 53.0% |
% WFH | 23.4% | 15.8% |
% w/ College Degree | 75.2% | 12.6% |
As of the latest ACS Survey released in 2023, Carmel-by-the-Sea is a predominantly white area, with 86.1% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Carmel-by-the-Sea is asian, making up 3.1% of the population. Foreign-born residents account for 17.0% of the population in Carmel-by-the-Sea, and this percentage has increased by 150.0% 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 | 86.1% | 1.5% |
% Black | 1.2% | ∞% |
% Hispanic | 2.6% | -71.7% |
% Asian | 3.1% | -11.4% |
% Foreign Born | 17.0% | 150.0% |
Mortgage and Risk — Carmel-by-the-Sea
According to HUD data as of 2023, there were 41 mortgage originations in Carmel-by-the-Sea, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Carmel-by-the-Sea. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 44.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Carmel-by-the-Sea
Carmel-by-the-Sea lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $3,150 | $3,410 |
| 2 Bedroom | -$400 | $4,500 | $4,100 |
| 3 Bedroom | $1,280 | $4,250 | $5,530 |
| 4 Bedroom | -$670 | $6,700 | $6,030 |
Affordability — Carmel-by-the-Sea
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $87,500 |