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These days, finding an affordable place to live in the Carmichael area can be challenging. Home prices in Carmichael are now at a median cost of $595,357, lower than the California average of $812,006.
The average cost of rent is $1,741/mo in Carmichael, primarily driven by the current value of real estate in the Carmichael area. In Carmichael, 46.13% of households rent, and 41.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Carmichael is $7,858 per month. Households that rent pay about 22.16% of their income on rent here. Carmichael’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Highlands, CA: less expensive homes
- Arden-Arcade, CA: equally priced homes
- Fair Oaks, CA: higher priced homes
- Foothill Farms, CA: less expensive homes
- Rancho Cordova, CA: less expensive homes
- Gold River, CA: higher priced homes
- Citrus Heights, CA: less expensive homes
- La Riviera, CA: less expensive homes
- McClellan Park, CA: less expensive homes
- Rosemont, CA: less expensive homes
Cities with Similar Populations
- Miami Beach, FL: higher priced homes
- Aloha, OR: less expensive homes
- Fairfield, CT: higher priced homes
- Diamond Bar, CA: higher priced homes
- Covington, LA: less expensive homes
- Chambersburg, PA: less expensive homes
- Tinley Park, IL: less expensive homes
- Webster, NY: less expensive homes
- Redford, MI: less expensive homes
- Potomac, MD: higher priced homes
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