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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 $248,625, lower than the Maine average of $330,167.
The average cost of rent is $1,247/mo in Carmel, primarily driven by the current value of real estate in the Carmel area. In Carmel, 12.64% of households rent, and 33.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carmel is $6,738 per month. Households that rent pay about 18.51% of their income on rent here. Carmel’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hermon, ME: higher priced homes
- South Levant, ME: higher priced homes
- Etna Center, ME: less expensive homes
- Etna, ME: less expensive homes
- Levant, ME: equally priced homes
- Hermon Center, ME: higher priced homes
- Dixmont, ME: less expensive homes
- West Levant, ME: equally priced homes
- Robyville, ME: equally priced homes
- Stetson, ME: less expensive homes
Cities with Similar Populations
- South Padre Island, TX: higher priced homes
- Laurelville, OH: less expensive homes
- Greenfield, IA: less expensive homes
- Shelburn, IN: less expensive homes
- Seligman, MO: less expensive homes
- Riverside, IA: higher priced homes
- Rangely, CO: less expensive homes
- Kasilof, AK: higher priced homes
- Lake Luzerne, NY: less expensive homes
- Fries, VA: less expensive homes
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