Carnelian Bay—96140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carnelian Bay
As of Oct '25, the median home price in Carnelian Bay is $1,076,000, with a year-over-year change of 0.3%. This indicates that home prices in Carnelian Bay are flat. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,076,000 | 0.3% |
| Single Family | $1,073,000 | -1.1% |
| Condos | $1,187,000 | 0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $595,000 | -8.6% |
2 Bed | $780,000 | -2.0% |
3 Bed | $1,020,000 | -2.3% |
4 Bed | $1,361,000 | 1.3% |
| 5 Bed | $2,403,000 | 2.3% |
% of Housing Stock
Rental Trends — Carnelian Bay
As of July '25, Rentcast reports the average rent in Carnelian Bay is $4,210, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in Carnelian Bay is 3-bedrooms: $3,720. The most common rental property sizes in Carnelian Bay are 2-bedroom and 3-bedroom, accounting for 49.0% and 41.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,980 | $4,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,480 | $3,720 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Carnelian Bay
As of Oct '25, Realtor.com reports that the median days on market for a home in Carnelian Bay is 127. This is a increase of 26.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,200,000 | -38.0% |
Listing Count | 37 | 23.0% |
| Listings as % of Homes | 0.3% | 23.0% |
Days on Market | 127 | 26.0% |
Demographics — Carnelian Bay
As of the latest ACS Survey released in 2023, Carnelian Bay has a population of 1,100, which has increased by 7.9% over the past 5 years. Carnelian Bay is a moderately popular place for families, as children make up 19.9% of the population. The area has a highly educated workforce, with 65.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 61.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,100 | 7.9% |
% Under 18 | 19.9% | 172.6% |
% Seniors | 25.4% | 10.0% |
% WFH | 61.2% | 446.4% |
% w/ College Degree | 65.9% | 52.9% |
As of the latest ACS Survey released in 2023, Carnelian Bay is a predominantly white area, with 76.0% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Carnelian Bay is hispanic, making up 10.6% of the population. Foreign-born residents account for 13.8% of the population in Carnelian Bay, and this percentage has increased by 56.8% 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 | 76.0% | -10.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 10.6% | 53.6% |
% Asian | 5.7% | ∞% |
% Foreign Born | 13.8% | 56.8% |
Mortgage and Risk — Carnelian Bay
According to HUD data as of 2023, there were 38 mortgage originations in Carnelian Bay, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Carnelian Bay. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 38 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 53.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Carnelian Bay
Carnelian Bay lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,850 |
| 2 Bedroom | N/A | N/A | $2,300 |
| 3 Bedroom | -$360 | $3,480 | $3,120 |
| 4 Bedroom | N/A | N/A | $3,600 |
Affordability — Carnelian Bay
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $1,076,000 |
| Median Household Income | $185,000 |