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Carmel-by-the-Sea—93921

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$4,440,000
N/A
Household Income
$87,500
4.2% YoY Growth
Days on Market
96
23.0% Longer YoY
Home Price Forecast
N/A
Median Rent
$4,250
18.7% YoY Growth
1-Bed Rent
$3,150
10.1% YoY Growth
2-Bed Rent
$4,500
34.7% YoY Growth
3-Bed Rent
$4,250
35.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Carmel-by-the-Sea

Carmel-by-the-Sea lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
N/AN/A
Single Family N/AN/A
Condos N/AN/A

Cost per Home Size

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

    Studio
    6.3%
    1 Bedroom
    16.0%
    2 Bedrooms
    31.1%
    3 Bedrooms
    39.6%
    4 Bedrooms
    6.0%
    5+ Bedrooms
    1.1%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    15.1%
    1 Bedroom
    42.7%
    2 Bedrooms
    19.2%
    3 Bedrooms
    21.0%
    5+ Bedrooms
    2.0%

    Property Listings — Carmel-by-the-Sea

    As of Dec '25, Realtor.com reports that the median days on market for a home in Carmel-by-the-Sea is 73. This is a decrease of -14.0% 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
    		$4,440,0004.0%
    Listing Count
    		12-21.0%
    Listings as % of HomesN/A-21.0%
    Days on Market
    		9623.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income RatioN/A
    Median Home PriceN/A
    Median Household Income$87,500

    Carmel-by-the-Sea — ZIP Code Boundary Map

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    Frequently Asked Questions