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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 $466,775, lower than the New York average of $610,895.
The average cost of rent is $1,802/mo in Carmel, primarily driven by the current value of real estate in the Carmel area. In Carmel, 19.12% of households rent, and 40.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carmel is $10,101 per month. Households that rent pay about 17.84% of their income on rent here. Carmel’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake Carmel, NY: less expensive homes
- Brewster, NY: equally priced homes
- Mahopac, NY: higher priced homes
- Croton Falls, NY: higher priced homes
- Heritage Hills, NY: higher priced homes
- Somers, NY: higher priced homes
- Farmers Mills, NY: equally priced homes
- Patterson, NY: equally priced homes
- Baldwin Place, NY: higher priced homes
- Holmes, NY: equally priced homes
Cities with Similar Populations
- Jackson, WY: higher priced homes
- Lewisville, NC: less expensive homes
- Laurel, VA: less expensive homes
- Las Vegas, NM: less expensive homes
- Laconia, NH: less expensive homes
- Labelle, FL: less expensive homes
- Kingston, TN: less expensive homes
- Kaufman, TX: less expensive homes
- Kailua-Kona, HI: higher priced homes
- Jayuya, PR: less expensive homes
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