Affordable
Expensive
Expensive
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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 $537,948, higher than the Charlotte average of $392,082.
The average cost of rent is $1,883/mo in Carmel, primarily driven by the current value of real estate in the Carmel area. In Carmel, 35.40% of households rent, and 37.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carmel is $12,090 per month. Households that rent pay about 15.58% of their income on rent here. Carmel’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Seven Eagles, Charlotte, NC: higher priced homes
- Park Crossing, Charlotte, NC: less expensive homes
- Johnston-McAlpine, Charlotte, NC: less expensive homes
- Olde Providence South, Charlotte, NC: higher priced homes
- Beverly Woods, Charlotte, NC: higher priced homes
- Wessex Square, Charlotte, NC: higher priced homes
- Sterling, Charlotte, NC: less expensive homes
- Sharon Woods, Charlotte, NC: equally priced homes
- Rain Tree, Charlotte, NC: higher priced homes
- Quail Hollow, Charlotte, NC: equally priced homes
Neighborhoods with Similar Populations
- Lake Balboa, Van Nuys, CA: higher priced homes
- Nobility Hill Historic District, Stoneham, MA: higher priced homes
- Downtown Annapolis, Annapolis, MD: higher priced homes
- Downtown Newport News, Newport News, VA: less expensive homes
- Midtown District, San Diego, CA: higher priced homes
- East Durham, Durham, NC: less expensive homes
- Meadowlane, Lincoln, NE: less expensive homes
- El Dorado Park, Long Beach, CA: higher priced homes
- Emerald Lake Hills, Redwood City, CA: higher priced homes
- New River Estates, Sunrise, FL: equally priced homes
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