Housing in Carmel, MI is an attractive option for people looking for a place to call home. The median value of homes in Carmel is $243,200, which is significantly lower than the US median house value of $338,100. Furthermore, property values have appreciated 8.98% over the last year, slightly more than the US average of 8.27%. This makes buying a home in Carmel a great investment choice and one with potential value appreciation. With its low median house value and attractive rate of appreciation, Carmel is an ideal community to consider when looking for a new place to call home.
The median home cost in Carmel is $243,200. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Carmel is up 12.2%.
Average Age of Homes
- The median age of Carmel real estate is 38 years old
The Rental Market in Carmel
- Renters make up 5.8% of the Carmel population
- 7.9% 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.