| Carmel, IN | |
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| State | Indiana |
| Population | 97,464 |
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Compared to nearby areas, Carmel is a little less expensive, and it is substantially more expensive compared to the entire nation.
Carmel's median home cost is $333,200. This is about $24,683 (6%) lower in comparison to other places in this area.Compared to the entire nation it is about $115,700 (53%) higher.
In Carmel the median monthly rent is $1,207. In comparison to its surrounding areas this is approximately $355 (22%) lower.In comparison to the country as a whole it is roughly $145 (13%) higher.
Westfield is Carmel's neighbor to the north. Its housing prices are a little less expensive. The value of the median home in Westfield is $254,800, which is $78,400 (30%) lower than Carmel. Rents there are similar. The median rent in Westfield is $1,207 per month, which is very similar to Carmel.
Zionsville is Carmel's neighbor to the west. Its housing prices are a little more expensive. The median home in Zionsville is valued at $385,700, which comes out to $52,500 (13%) higher than Carmel. Rent there is somewhat more expensive. Zionsville's median monthly rent is $1,305, which comes out to $98 (7%) higher than Carmel.
Fishers is Carmel's neighbor to the east. The real estate prices there are a bit less expensive. The median home value in Fishers is $264,200, which comes out to $69,000 (26%) lower than Carmel. Its rents are pretty similar. Fishers's median rent is $1,250 a month, which comes out to $43 (3%) higher than Carmel.
Williams Creek is approximately 4 miles south of Carmel. The housing prices there are significantly more expensive. The median home in Williams Creek costs $897,700, which comes out to $564,500 (62%) higher than Carmel. Rents there are substantially more expensive. Williams Creek's median monthly rent is $3,501, which is $2,294 (65%) higher than Carmel.
Rocky Ripple is about 8 miles south from Carmel. Housing prices there are substantially less expensive. The median home value in Rocky Ripple is $135,800, which works out to $197,400 (145%) lower than Carmel. Its rents are somewhat less expensive. In Rocky Ripple the median rent is $1,071 per month, which comes out to $136 (12%) lower than Carmel.
Noblesville is about 8 miles northeast of Carmel. Housing prices there are a lot less expensive. The median home in Noblesville is valued at $209,100, which comes out to $124,100 (59%) lower than Carmel. The rent there is somewhat less expensive. The median monthly rent in Noblesville is $1,039, which comes out to $168 (16%) lower than Carmel.