Located just 23 miles north of Indianapolis, Carmel is a dynamic Indiana community that features real small-town charm with easy access to all of the amenities of a metropolitan city. Of over 3,000 counties in the country, American City Business Journals and Money magazine rated Hamilton County as one of the top ten places to live due to the high quality of life features, family incomes, home values, fast growth and development, as well as the highest rate of college graduates in the state. (more)
Meridian Corridor, home to some of the top corporate names in the United States, including Delta Faucet, Thomson Consumer Electronics and Macmillan Publishing, helps to support Carmel's thriving economy. The city's 86,000 residents enjoy recreational opportunities and a number of community events, including the annual Carmelfest Celebration held at the Civic Grounds, Carmelfest Parade Spectacular and Carmel International Arts Festival. Carmel's park systems have recently expanded to over 500 acres with the addition of Central Park. Straddling the Monon Trail, Central Park features a community center, an aquatic facility, numerous sports fields, a trail system and more.
The Carmel City Center includes a central complex of living, retail, dining and entertainment facilities in the heart of the community. Carmel real estate options consist of single-family detached homes for sale, estate properties, condominiums, townhouses and land lots. Carmel residents enjoy these amenities and the lowest district tax rate of any city or town in Hamilton County.
Price Range of Carmel Houses for Sale
The Carmel real estate market is made up primarily of single-family homes that are priced starting from $150,000. Newly built, large homes with fireplaces and spacious lots can be purchased in the high $200,000s. Beautiful estate homes for sale with community facilities and spacious waterfront properties start in the mid $300,000s to upwards of $3 million for luxury estates with swimming pools, spas, private tennis courts and acreage. (more)
Carmel also features an excellent selection of condominiums and townhouses that are priced from $150,000 to over $1.6 million and are a growing segment of Carmel's lifestyle choices. Land lots are also available for custom real estate development.
Carmel Real Estate Stats and Trends for the week of April 19th, 2020: homes priced around $398,130 compared to $398,130 the previous week, to remain steady with no change in listing price. For Sunday, April 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.