Home Price Key
Affordable
Average
Expensive
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 $127,209, lower than the Ohio average of $181,280.
The average cost of rent is $766/mo in Carmel, primarily driven by the current value of real estate in the Carmel area. While nearly 50.87% of residents own their homes outright in Carmel, 11.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Carmel is $3,939 per month. Households that rent pay about 19.43% of their income on rent here. Carmel's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Rainsboro, OH: higher priced homes
- Marshall, OH: equally priced homes
- Barretts Mills, OH: equally priced homes
- Lincolnville, OH: equally priced homes
- Cynthiana, OH: less expensive homes
- Harriett, OH: higher priced homes
- North Uniontown, OH: equally priced homes
- Sinking Spring, OH: equally priced homes
- Boston, OH: equally priced homes
- Fruitdale, OH: equally priced homes
Cities with Similar Populations
- Old Gilroy, CA: higher priced homes
- New Era, GA: higher priced homes
- New Marion, IN: equally priced homes
- New Offenburg, MO: higher priced homes
- New Scotland, NY: higher priced homes
- Newcastle, OH: equally priced homes
- Newport, FL: higher priced homes
- Noonan, ND: higher priced homes
- Northland, WI: higher priced homes
- Oak Hill, NY: higher priced homes
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