The housing market in 93923 Carmel, CA is quite expensive. The median value of a house in the area is $2,039,200, which is considerably higher than the US median housing value of $338,100. Despite this high cost of living, the area has still seen a robust 1 year appreciation rate of 7.8%, which is slightly below the national 8.27% appreciation rate for homes. Given these figures and trends, it is clear that 93923 Carmel remains a desirable locale for potential home buyers with the necessary means to purchase such expensive properties.
The median home cost in Carmel (zip 93923) is $2,039,200. Home appreciation the last 10 years has been 157.7%. Home Appreciation in Carmel (zip 93923) is up 14.7%.
Average Age of Homes
- The median age of Carmel (zip 93923) real estate is 50 years old
The Rental Market in Carmel (zip 93923)
- Renters make up 21.1% of the Carmel (zip 93923) population
- 1.0% of houses and apartments in Carmel (zip 93923), 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.