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IN area data

Carmel, IN

Aggregated across 2 ZIP codes in Carmel.

Population: 92,396 (Census ACS)

The median home value in Carmel, IN is $593,307 — up 5.0% over the past year. Homes sell for a median $526,975 after a median 10 days on market. Typical rent runs $2,094/month. 17 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with lightning, tornado, winterweather the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$593,307

Median home value

+5.0%

1-year change

10

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$593,307
1-year appreciation
+5.0%
3-year appreciation
+11.9%
5-year appreciation
+32.9%
10-year appreciation
+80.1%
All-time peak (2026-07)
$593,307
House Price Index (state)
367.2 (+2.9% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$526,975
Median list price
$553,350
Median price per sqft
$200
1-year sale-price change
-2.2%
Median days on market
10 days
Homes sold (recent period)
101
For-sale inventory
273
Sale-to-list ratio
100.0%
Active listings
24
1-year forecast
+1.8%
Days to pending
23 days
New listings (monthly)
142

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,094/mo
1-year rent change
+8.5%
Studio fair-market rent
$1,560/mo
1BR fair-market rent
$1,765/mo
2BR fair-market rent
$2,055/mo
3BR fair-market rent
$2,660/mo
4BR fair-market rent
$3,265/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
16.2¢/kWh
Natural gas rate (state-level)
$11.50/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
17
Elementary schools
11
Middle schools
3
High schools
3
Charter schools
2
School districts serving the area
Options Charter Schools, Indiana Agriculture and Technology, Carmel Clay Schools
Schools include
Options Westfield, Indiana Agriculture and Technology, Smoky Row Elementary School, Carmel Elementary School, Carmel High School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
lightning, tornado, winterWeather, coldWave, hail
Notable hazard ratings (county)
coldWave: Relatively Moderate · drought: Relatively Low · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively Moderate · iceStorm: Relatively Moderate
FEMA flood zone (varies by location)
includes X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 2% of US counties
Buildings in wildfire direct-exposure zone
20.0%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Northside Sanitary Landfill, Inc. (6.9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
53.5°F
Average high
63.0°F
Average low
44.0°F
Annual precipitation
42.5 in
Annual snowfall
11.7 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
46
Days with Good air quality
220
Days with Moderate air quality
134
Days with Unhealthy air quality
2
Highest AQI recorded (year)
190

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
8.3 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
69,079
Jobs reachable by transit (45 min)
52,166

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
131
Nearest airport
Indianapolis Metropolitan Airport (4 mi)
Nearest major airport
Indianapolis International Airport (IND) (18 mi)
Hospitals nearby (~15 mi)
11
Hospitals include
ASCENSION ST VINCENT CARMEL, INDIANA UNIVERSITY HEALTH NORTH HOSPITAL, FRANCISCAN HEALTH ORTHOPEDIC HOSPITAL CARMEL
Avg hospital rating (CMS)
3.5 / 5
Best hospital rating nearby (CMS)
4.5 / 5
EV charging stations (within 10 mi)
58
Solar radiation rating
Fair (4.0 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+1,696 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,996
Housing built before 1970
6.8%
Housing built 2000 or later
40.3%
Median annual property tax
$4,086
Mean commute to work
18 min
Households with broadband internet
89.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
145,609
Average weekly wage
$1,320
Top industries (by employment)
Health Care, Accommodation & Food, Finance & Insurance
Annual residential building permits (county)
2,887

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

CarmelState medianUS median
Median home value$593,307$237,170$289,727
Median sale price$526,975$238,000$325,000
Median days on market10 days38 days51 days
Typical rent$2,094/mo$1,331/mo$1,808/mo
Median annual property tax$4,086$1,179$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Carmel, IN?
$593,307.
What is the median sale price in Carmel, IN?
$526,975.
How long do homes take to sell in Carmel, IN?
Median days on market: 10 days.
What is typical rent in Carmel, IN?
Typical rent: $2,094/month.
What is the natural-hazard risk in Carmel, IN?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: lightning, tornado, winterWeather, coldWave, hail.
Is Carmel, IN in a flood zone?
Minimal (FEMA NFIP). Parts of the area include FEMA flood zone X; zones vary by location within the city.
What is the wildfire risk in Carmel, IN?
Risk to homes is higher than 2% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Carmel, IN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Carmel, IN?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Carmel, IN?
17 schools (11 elementary, 3 middle, 3 high) (NCES, 2022-23).
Is Carmel, IN walkable?
Walkability index: 8.3/20 (EPA Smart Location Database).
What is the air quality in Carmel, IN?
Good. Median AQI: 46. (EPA AQI).
What is the cost of living in Carmel, IN?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP codes in Carmel

Selling a home in Carmel, IN?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents