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2025 Compare Cities Housing:
Carmel, IN vs Troy, AL

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Highlights
- The median age of a home in Carmel is 36.0% younger than the median age of a home in Troy.
 Carmel, INTroy, ALUnited States
 Median Home Age25  Unlock42
 Median Home Cost  Unlock$164,000$338,100
 Home Appr. Last 12 months18.3%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock37.2%57.0%
 Home Appr. Last 10 yrs.93.9%  Unlock101.1%
 Property Tax Rate  Unlock$3.0$11.0
 Homes Owned70.9%  Unlock57.4%
 Housing Vacant  Unlock24.5%11.2%
 Homes Rented23.3%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Carmel, INTroy, ALUnited States
 Average Rent  Unlock$1,130$1,840
 Studio Apartment$1,060  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$720$1,180
 2 Bedroom Home or Apartment$1,460  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,150$1,860
 4 Bedroom Home or Apartment$2,290  Unlock$2,160
 space1
 Vacant Housing
 Carmel, INTroy, ALUnited States
 Vacant For Rent  Unlock12.2%1.9%
 Vacant Rented0.1%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold0.8%  Unlock0.4%
 Vacant Vacation  Unlock0.8%3.6%
 Vacant Other1.3%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Carmel, INTroy, ALUnited States
 Less Than $20,000  Unlock3.5%2.6%
 $20,000 to $39,9990.3%  Unlock2.4%
 $40,000 to $59,999  Unlock1.5%2.8%
 $60,000 to $79,9990.3%  Unlock3.9%
 $80,000 to $99,999  Unlock5.9%4.5%
 $100,000 to $149,9992.4%  Unlock11.3%
 $150,000 to $199,999  Unlock22.9%13.0%
 $200,000 to $299,99920.9%  Unlock20.1%
 $300,000 to $399,999  Unlock5.0%13.6%
 $400,000 to $499,99919.7%  Unlock8.3%
 $500,000 to $749,999  Unlock3.0%9.7%
 $750,000 to $999,9995.4%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.0%2.2%
 $1,500,000 to $1,999,9990.4%  Unlock0.8%
 $2,000,000 and over  Unlock0.6%1.1%
 space3
 Housing Units By Year Built
 Carmel, INTroy, ALUnited States
 2015 and Newer0.5%  Unlock0.2%
 2010 to 2014  Unlock19.8%13.6%
 2000 to 200921.1%  Unlock13.6%
 1990 to 1999  Unlock16.5%13.6%
 1980 to 198912.4%  Unlock13.2%
 1970 to 1979  Unlock18.0%14.8%
 1960 to 196922.9%  Unlock13.6%
 1950 to 1959  Unlock5.4%10.0%
 1940 to 19491.1%  Unlock4.7%
 1939 or Earlier  Unlock5.3%12.2%
Transportation
Reviews for Carmel    26 Reviews
Roxane · Medora, IN
Midwest upper middle class town
Over 6 years ago

I moved to Carmel from France and I lived there for 20 years. I moved to Indianapolis recently (I miss Carmel). I liked Carmel because it is clean, safe, pretty, it has  More

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Randal · Verona, WI
Prosperous EdgeCity Suburb Filled with Roundabouts
Over 7 years ago

This place has just about every corporate chain hotel imaginable. I come for business, and it is a nice place to do business. Carmel seems to sucking the corporate  More

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H · Indianapolis, IN
Carmel is the best
Over 10 years ago

Carmel is hands down the best place to live in  More

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Reviews for Troy    11 Reviews
Fred · Troy, AL
Don’t let 13year old reviews sway you.
Over 4 years ago

I love it here. It’s quiet and you shouldn’t go by 13 year old reviews. Everything has improved for the better and I will continue to live here for many years to come.  More

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John · Madison, AL
Beware: dreams die in yorT (<—-not a typo)
Over 5 years ago

Biggest mistake of my life was moving to yorT (<—-not a typo) to take a high school teaching position there. Revolving door. I got my family out and to greener  More

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Keya · Andrews Air Force Base, MD
Racist little town
Over 13 years ago

Sadly I was born and raised in Troy Al, and I'm happy to report that I moved away 2 weeks after graduating high school. I still visit family there and growing up I knew  More

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Learn More About Carmel, Indiana
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