Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Carmel-By-The-Sea area can be challenging. Home prices in Carmel-By-The-Sea are now at a median cost of $1,513,643, higher than the California average of $648,235.
The average cost of rent is $2,417/mo in Carmel-By-The-Sea, primarily driven by the current value of real estate in the Carmel-By-The-Sea area. While nearly 53.29% of residents own their homes outright in Carmel-By-The-Sea, 37.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Carmel-By-The-Sea is $10,021 per month. Households that rent pay about 24.11% of their income on rent here. Carmel-By-The-Sea's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
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