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Carmel

Carmel

Located in Hamilton County

$653,016 Average Value
$218 Average Price per Sq Ft
160 Homes For Sale

Carmel is a well-designed city filled with amenities

Carmel is an affluent city north of Indianapolis known for its walkable urban design and wealth of amenities. The cultural, commercial and event-driven center of Carmel consists of Old Town, Midtown and City Center, well-planned neighborhoods developed around access to The Monon Trail, a paved walking and biking path that runs the length of the city. Carmel also boasts some of Indiana’s most sought-after schools and a self-sufficient economy supplemented by a strong corporate presence in healthcare, insurance and financial services.

Main Street in Carmel is filled with lots of shopping and dining options.
Main Street in Carmel is filled with lots of shopping and dining options.
Midtown Plaza features a colorful mural city sign in downtown Carmel near East Carmel.
Midtown Plaza features a colorful mural city sign in downtown Carmel near East Carmel.
The Monon Trail in Downtown Carmel  stretches for many miles into downtown Indianapolis.
The Monon Trail in Downtown Carmel stretches for many miles into downtown Indianapolis.
Many fun statues are sprinkled around downtown Carmel near East Carmel.
Many fun statues are sprinkled around downtown Carmel near East Carmel.
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Multifamily development along The Monon Trail near ame

The Monon Trail is the “spine” around which most of Carmel’s modern infrastructure is built. That includes its ever-expanding multifamily housing options. “The Monon Trail is a huge driver of what happens here. … You have a ton of new development going on right around it,” says Shelly Walters-Cifelli , of the F.C. Tucker Company, a premier Carmel real estate agency. Contemporary condos and townhouses can be found throughout Carmel, but they are concentrated in the heart of the city. Prices vary depending on age, size and amenities. Offerings typically range from under $200,000 to $2 million-plus. Most of the city’s single-family housing is found in quiet, suburban-style environments that offer a mix of midcentury ranch-style homes on spacious lots and contemporary homes in planned subdivision settings. Old Town, which features historic homes such as bungalows, Victorians and Cape Cods, is an obvious exception. “They are redoing and rebuilding a lot houses and beefing up Old Town,” says Ronda Bailey-Cooper of Weichert Realtors, who has sold several homes in Carmel. The city is also home to several golf course communities, which are concentrated on the city’s southwest side. This diversity lends itself to a wide range of prices, from ranch-style homes starting in the low $200,000s to multimillion-dollar estates on sprawling golf course properties. The median price of $575,000 is among the highest in the state, although tax rates are much lower compared to neighboring Illinois.

Downtown Carmel is surrounded by neighborhoods offering different price levels.
Downtown Carmel is surrounded by neighborhoods offering different price levels.
Many of the older homes in East Carmel have been renovated.
Many of the older homes in East Carmel have been renovated.
East Carmel is full of many styles of homes, from giant mansions to smaller ranches.
East Carmel is full of many styles of homes, from giant mansions to smaller ranches.
Here's a more modest two story home found among the larger homes in East Carmel.
Here's a more modest two story home found among the larger homes in East Carmel.
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Art is the featured attraction in Old Town

Old Town is centered around the Arts & Design District, a creative hub that features a collection of galleries, design businesses, antique stores and boutique shops. Its cultural highlights include:

  • J. Seward Johnson’s life-sized bronze statues, which depict scenes from everyday life
  • The Museum of Miniature Horses, an interactive collection of finely detailed art pieces
  • The World’s Smallest Children’s Art Gallery, which hosts rotating exhibits by young artists
Cultural attractions extend beyond Old Town. “Unlike most suburban cities, Carmel has invested millions of dollars in the public arts, including the Palladium concert hall, the centerpiece of the city’s Center for the Performing Arts, which includes two other theaters," says Rebecca Carl, the former director of marketing and communication for the city. “There is also a substantial number of outdoor sculptures and murals that provide a beautiful backdrop … along The Monon [Trail].”

Midtown is Carmel's living room

The city’s former industrial corridor has become a vibrant, mixed-use district tailored to Carmel’s affluent suburban lifestyle. Sun King Carmel is a brewery and restaurant complex that overlooks Midtown Plaza, which has been described as a “civic living room.” It features interactive games and activities for all ages, and it has become the city’s premier gathering place for movies, concerts and special events.

The magnificent Palladium rests in downtown Carmel near East Carmel.
The magnificent Palladium rests in downtown Carmel near East Carmel.
Live music is on tap at Downtown Carmel's Midtown Plaza.
Live music is on tap at Downtown Carmel's Midtown Plaza.
Many of the events at Downtown Carmel's Meet Me on Main take place at Midtown Plaza.
Many of the events at Downtown Carmel's Meet Me on Main take place at Midtown Plaza.
There are many vendors selling fresh produce at Carmel's Winter Farmers Market.
There are many vendors selling fresh produce at Carmel's Winter Farmers Market.
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Restaurants, local boutiques and events in City Center

City Center is an upscale extension of Midtown that serves as the city’s traditional downtown district. City Center is best known for its eclectic culinary offerings, which include SALT, divvy and The Cake Bake Shop.
City Center is also home to the Allied Solutions Center for the Performing Arts, which includes The Palladium. Center Green is an adjacent outdoor space that hosts the seasonal Carmel Farmers Market and the annual Christkindlmarkt, a European-style holiday market with traditional food, gifts, music and outdoor ice skating.
Boutiques and specialty stores are the focus of City Center shopping. More traditional shopping options such as big-box retailers and grocery stores are found along the nearby Meridian Street corridors.

Kroger is one of the many national chain stores in Downtown Carmel.
Kroger is one of the many national chain stores in Downtown Carmel.
Grab a seat at the scenic bar at Cake Bake in Carmel
Grab a seat at the scenic bar at Cake Bake in Carmel
Locals head to Needler's Fresh Market on 126th St in East Carmel.
Locals head to Needler's Fresh Market on 126th St in East Carmel.
Downtown's Main Street is always full of people walking around.
Downtown's Main Street is always full of people walking around.
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Sought-after schools include Powerhouse Carmel High

More than a dozen highly rated elementary and middle schools under the direction of Carmel Clay Schools feed into the highly rated Carmel High School, which is nationally known for its performing arts curriculum and its athletic success. Carmel High School has won more than 180 state championships, the most of any school in Indiana. That includes a national record 40 consecutive titles in girls swimming and diving. “I don’t think they’ll ever split up the high school because it’s such a powerhouse,” Bailey-Cooper says.
Students can apply for in-district and out-of-district transfers.

A popular trail, a large park and golf are recreational highlights

The city manages hundreds of acres of parks and greenways. “There’s tons of ways to stay active,” Bailey-Cooper says. In addition to The Monon Trail, which stretches for nearly 30 miles, Central Park is a featured destination. It is home to the Monon Community Center, Westermeier Commons Playground, a waterpark, a skate park and a dog park.
The city is also known for its golf, highlighted by Crooked Stick Golf Club. The private course was designed by famed architect Pete Dye, who once lived just off the 18th hole. Other options include Plum Creek Golf Club, Brookshire Golf Club and Woodland Country Club, an established anchor of Carmel’s growth as a golf community.

Flowing Well Park is a great place to go for a hike in East Carmel.
Flowing Well Park is a great place to go for a hike in East Carmel.
Practice your swing on the back nine at Woodland Country Club in Carmel.
Practice your swing on the back nine at Woodland Country Club in Carmel.
A more wooded section of the Monon Trail cuts through downtown near East Carmel.
A more wooded section of the Monon Trail cuts through downtown near East Carmel.
East Carmel's River Heritage Park is a small, quiet park that's perfect for walking a dog.
East Carmel's River Heritage Park is a small, quiet park that's perfect for walking a dog.
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Roundabouts are a unique feature of the city's design

Carmel’s streets feature more than 150 roundabouts, the most of any American city. The roundabouts have allowed the city to adjust to rapid growth while lowering traffic-related injuries. Indianapolis is about a 30-minute drive via Interstate 465.

Matt Pallister
Written By
Matt Pallister
Travis Patton
Photography Contributed By
Travis Patton
Maurice Boone
Video By
Maurice Boone

Interested in learning more about homes in this area? Reach out to Heather Hemphill, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Area Facts

Number of Homes
28,950
Number of Homes for Sale
160
Median Year Built
1995
Months of Supply
1.30
Average Single Family Home Size Sq Ft
3,472
Significantly above the national average
1,930
Average Townhouse Size Sq Ft
2,025
Average 2 Bedroom Size Sq Ft
1,580
Average 1 Bedroom Size Sq Ft
833
Median Lot Size Sq Ft
15,681

Open Houses

  • Sunday, Mar 22
    Open Sun 2PM - 4PM

    12555 Timber Creek Dr Unit 8, Carmel, IN 46032

    $232,500

    • 2 Beds
    • 2 Baths
    • 1,071 Sq Ft
    • 12555 Timber Creek Dr
    • Unit 8

    Nestled near the Carmel City-Center, this 2 Bedroom, 2 Full Bath Upper Level, Corner Flat offers an attractive property in excellent condition within a vibrant community. Imagine evenings spent in the Great Room where a Vaulted Ceiling accentuates the sense of spaciousness, while a Wood Burning Fireplace casts a warm glow and the Custom Built-in Multi-Shelf/Cabinet offers a place for cherished

    Agent Photo
    Charlie Brown
    MyHomeIndy.com
    (317) 649-8533
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  • Saturday, Mar 21
    Open Sat 1PM - 3PM

    720 S Rangeline Rd Unit 703, Carmel, IN 46032

    $989,000

    • 2 Beds
    • 2 Baths
    • 2,156 Sq Ft
    • 720 S Rangeline Rd
    • Unit 703

    This exclusive 7th floor penthouse is positioned right in the heart of Carmel, located in the beautiful City Center Square. A dramatic skylight welcomes you upon entry, flooding the space with natural light and highlighting hardwood floors that flow into a refined kitchen featuring quartz countertops, Bosch appliances, and a walk-in pantry. The private owner's suite is a true retreat, featuring

    Braxton Myers Carpenter, REALTORS®

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  • Sunday, Mar 22
    Open Sun 12PM - 2PM

    2525 Colony Ct, Indianapolis, IN 46280

    $315,000

    • 3 Beds
    • 1.5 Baths
    • 1,430 Sq Ft
    • 2525 Colony Ct

    Located at 2525 Colony Court in Carmel, this well-maintained single-family home offers a practical layout and recent updates that make settling in easy. With three bedrooms, one full bath, and one half bath, the home provides 1,430 square feet of functional living space. Major updates completed in 2023 include a new furnace, air conditioner, water heater, water softener, and washer and

    Cecily Davis CENTURY 21 Scheetz

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Carmel

Property Mix - Square Feet

Carmel Has More Owners

Demographics

Total Population
108,425
Median Age
41
Population Density
3 ppl/acre
Population under 18
24.5%
On par with the national average
23.8%
Population over 65
17.3%
On par with the national average
19.1%

Finances

Median Household Income
$121,313
Significantly above the national average
$79,601
Average Household Income
$153,097

Education and Workforce

High School Graduates
98.3%
College Graduates
73.5%
Significantly above the national average
34.1%
Advanced Degrees
32.7%
Above the national average
13.3%
% Population in Labor Force
74.8%

Weather

Annual Precipitation
43''
Average Winter Low Temperature
20°F
Average Summer High Temperature
85°F
Annual Snowfall
18''

Area Factors

Moderately friendly

Bike Score®®

60 / 100

Moderately friendly

Walk Score®®

60 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Carmel
Heather Hemphill
Key Realty Indiana
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