Carmel, ME is a great place to live due to its attractive housing median value of $275,000. Compared to the US house median value of $338,100, Carmel offers more affordable living for individuals and families alike. This is further evidenced by the house appreciation rates in Carmel that are higher than the national average at 15.28%. With such high appreciation rates, buying a home in Carmel could be a great long-term investment.
The median home cost in Carmel is $275,000. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Carmel is up 19.0%.
Average Age of Homes
- The median age of Carmel real estate is 33 years old
The Rental Market in Carmel
- Renters make up 12.7% of the Carmel population
- 0.0% 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.