According to statistics, the population in Carmel, IN amounts to 88,595, which shows growth 2% compared to the previous year. The median age of the city’s residents is 40. The average household income is $109,201, shifting growth 2% from the past year, and the average property value in Carmel, IN growth 5% to $320,400 throughout the year.
|Number Of Employees||46,127|
|Median Property Value||$320,400|
The average household income in Carmel, IN grew from $106,546 to $109,201 in the past year. This data is an estimate based upon 33,158 households in Carmel, IN . The chart below presents how household income is distributed in Carmel, IN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Carmel, IN shifted from $306,500 to $320,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Carmel, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Carmel, IN properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Carmel, IN compared to median property taxes around the country. The prevalent amount of property taxes in Carmel, IN equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Carmel, IN increased by 2.8% to $591,519.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $297,400 with no changes this month. Asking price for 2-bed apartment also decreased by 11% and a place of this size will now cost you $324,402. A 3-bed apartment goes for $427,090, it decreased by 6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 6.8% and made it up to $730,579.
Price reports demonstrate that house price increased by 4% this month making it up to $656,576. Condos faced an upward trend these days. The median price for a condo decreased by 9.9%, it’s now available for $374,668. The price dynamics of lofts changed, it increased by 13.8%, the price tag now starts at $629,909. Value of the townhouses didn’t change, the price still starts at $419,000.