Carmel, IN Housing

ACS 2020-2024

Median Home Value

$486,800 ± $10,332

Median Gross Rent

$1,712 ± $47/mo

Homeownership Rate

74.3%

Rent as Share of Income

14.5%

Price-to-Income Ratio

3.4×

Vacancy Rate

6.0%

Median Year Built

1998

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized

514

Buildings

346

Single-Family Units

339

Multi-Family Units

175

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.