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Median Home Price in Carmel, IN

The median home value in Carmel, IN is $580,014 as of 2026-07-31, up 4.6% from a year earlier.

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Median Home Value

$580,014

Year-over-Year

+4.6%

Population

103,107

Carmel ranks #2 of 87 Indiana cities tracked here by median home value, and sits 115.3% above the state's city median of $269,376. It sits in Hamilton County, where the county-wide median is $470,542.

Housing affordability in Carmel

Median household income in Carmel is $141,505, so the typical home value is about 4.1× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.

Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).

Crime in Carmel

Carmel police recorded a violent crime rate of 66 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 813 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Carmel

What is the average home price in Carmel, IN?

People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Carmel, that value is $580,014. That's up 4.6% from a year earlier. It is about 115.3% above the typical Indiana city tracked here.

Is Carmel expensive compared to the surrounding area?

Homes in Carmel are more expensive than Hamilton County as a whole, where the median is $470,542 — a difference of about 23.3%.

Is Carmel affordable?

Median household income here is $141,505, so the typical home value is about 4.1× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.

Is Carmel a safe place to live?

Carmel police reported 66 violent crimes per 100,000 residents, covering a population of about 103,107. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.