Carmel, NY is known for its highly desirable housing market. The median value of a house in Carmel is $520,600 which is significantly higher than the US House Median Value of $338,100. In the past year, the US House Appreciation was 8.27%, while the House Appreciation in Carmel was 7.98%. This shows that the housing market in Carmel remains strong and is attractive to potential buyers who want to live in an affluent area with high property values.
The median home cost in Carmel is $520,600. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Carmel is up 10.6%.
Average Age of Homes
- The median age of Carmel real estate is 48 years old
The Rental Market in Carmel
- Renters make up 14.0% of the Carmel population
- 0.7% of houses and apartments in Carmel, 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.