Explore Carmel, IN - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
4.35%
Investor Friendly Score
4.35%
Median Price
$502,500

Market Insights

Carmel's real estate market is experiencing a price correction, with values down 14.4% from last year. Home prices have increased 4.8% in the past month alone. At the current pace, all available homes in Carmel would sell out in just 1.0 months, indicating a continued supply shortage. Homes are taking about 16 days to sell, which is -16 days longer than this time last year. A significant 23.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 23.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Carmel market with the affordability index at 26.9. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.

Demographics market for - Carmel, IN

Total Population -

98,008

White Population

82.74%

Black Population

3.25%

Mexican49.75% (1.55% of total population)
Puerto Rican4.76% (0.15% of total population)
Cuban12.24% (0.38% of total population)
Dominican0%
Salvadoran0%
Costa Rican0%
Gautemalan6.27% (0.19% of total population)
Honduran0.53% (0.02% of total population)
Nicaraguan3.61% (0.11% of total population)
Panamanian1.61% (0.05% of total population)
Argentinean0.95% (0.03% of total population)
Bolivian0.46% (0.01% of total population)
Chilean0%
Colombian4.14% (0.13% of total population)
Ecuadorian0.85% (0.03% of total population)
Peruvian3.05% (0.09% of total population)
Uruguyan0%
Venezuelan11.78% (0.37% of total population)

Indian 136.49% (4.24% of total population)
Bangladeshi 1.08% (0.03% of total population)
Chinese 122.38% (3.80% of total population)
Bhutanese 0%
Burmese 0%
Filipino 9.52% (0.30% of total population)
Hmong 0.59% (0.02% of total population)
Indonesian 0.30% (0.01% of total population)
Japanese 11.09% (0.34% of total population)
Korean 23.50% (0.73% of total population)
Laotian 0%
Malaysian 2.07% (0.06% of total population)
Mongolian 0%
Nepalese 6.96% (0.22% of total population)
Pakistani 5.32% (0.17% of total population)
Srilankan 0%
Taiwanese 2.89% (0.09% of total population)
Pakistani 5.32% (0.17% of total population)
Srilankan 0%
Taiwanese 2.89% (0.09% of total population)
Thai 0.82% (0.03% of total population)
Vietnamese 17.62% (0.55% of total population)

Hawaiian0.16% (0.01% of total population)
Samoan0%
Chamorro0%
Fijian0%
Marshallese1.71% (0.05% of total population)

Crime for - Carmel, IN

Motor Vehicle Theft4.64%
Larceny/Theft Offenses56.29%
Stolen Property Offenses21.19%
Burglary/Breaking & Entering5.96%
Destruction/Damage/Vandalism of Property11.92%

Assault Offenses100.00%

Embezzlement2.86%
Fraud Offenses80.00%
Counterfeiting/Forgery17.14%

Sex Offenses, Non-forcible16.67%
Sex Offenses33.33%
Kidnapping/Abduction50.00%

Robbery100.00%

Real Estate Market Prediction for - Carmel, IN

City Hotspots

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