Carmichael, CA has a median house value of $517,700 which is significantly higher than the US median of $338,100. In terms of appreciation, Carmichael's 1 year house appreciation rate is 3.50% compared to the 8.27% of the US average. This suggests that housing in Carmichael is expensive but not appreciating as rapidly as other places around the country. Despite this, Carmichael remains an attractive option for many homeowners due to its access to excellent schools and ample recreation opportunities.
The median home cost in Carmichael is $517,700. Home appreciation the last 10 years has been 150.3%. Home Appreciation in Carmichael is up 9.8%.
Average Age of Homes
- The median age of Carmichael real estate is 46 years old
The Rental Market in Carmichael
- Renters make up 41.2% of the Carmichael population
- 2.3% of houses and apartments in Carmichael, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.