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These days, finding an affordable place to live in the Carmel area can be challenging. Home prices in Carmel are now at a median cost of $1,728,184, higher than the California average of $812,006.
The average cost of rent is $2,305/mo in Carmel, primarily driven by the current value of real estate in the Carmel area. In Carmel, 27.90% of households rent, and 46.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carmel is $12,354 per month. Households that rent pay about 18.66% of their income on rent here. Carmel’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carmel-By-The-Sea, CA: equally priced homes
- Carmel Highlands, CA: less expensive homes
- Monterey, CA: less expensive homes
- Del Rey Oaks, CA: less expensive homes
- Del Monte Forest, CA: less expensive homes
- Sand City, CA: less expensive homes
- Pacific Grove, CA: less expensive homes
- Seaside, CA: less expensive homes
- Robles Del Rio, CA: less expensive homes
- Carmel Valley Village, CA: less expensive homes
Cities with Similar Populations
- Box Elder, SD: less expensive homes
- Scappoose, OR: less expensive homes
- Brookings, OR: less expensive homes
- Hebron, IN: less expensive homes
- Bridgeton, MO: less expensive homes
- Bridgeport, WV: less expensive homes
- Briarcliff Manor, NY: less expensive homes
- Breinigsville, PA: less expensive homes
- Pennsville, NJ: less expensive homes
- Brandenburg, KY: less expensive homes
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