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Carmel

Carmel

Located in Hamilton County

$640,224 Average Value
$242 Average Price per Sq Ft
29 Homes For Sale

Midwestern town exudes Old World charm

Carmel, a city of around 102,000 in Hamilton County, Indiana, has a lot going for it. Recognized as one of the safest and best run cities in America, this carefully designed community combines the perks of a big city and the welcoming atmosphere of a smaller town.

Carmel’s downtown area has an old-world look not normally found in a midwestern city. The area, designed with narrow streets, flowerpot-bedecked streetlights and sidewalk cafes creates a streetscape reminiscent of Brussels or Vienna. Even the city’s 125 traffic roundabouts add to Carmel’s continental feel. When designing the community, city planners created a mixed zoning design like European cities where residents work, live, play and relax all in one space.

“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, Carmel’s director of marketing and communication. "There is also a substantial number of outdoor sculptures and murals that provide a beautiful backdrop to a walk or bike ride along the Monon Greenway."

It's not just the beautiful surroundings that appeal to homeowners. Carmel has a lower cost of living than most other Midwestern cities. “Our local taxes are among the lowest of any city our size in Indiana,” Carl says. “Far from a sleepy suburb of Indianapolis, Carmel has more than 130 corporate headquarters and many other corporate employers who make it easy to live and work in Carmel, rather than commuting to another city.”

Carmel sits 16 miles north of Downtown Indianapolis, though the drive is 23 miles via the Interstate 465 loop. The land here is mostly flat, highlighted by gently rolling hills and valleys. Carmel has a warm continental climate, but all four seasons appear. Winters are cold. Carmel sees about 23 inches of snow annually, with daytime highs in January hovering around 35 degrees. Summers are warm and comfortable. The hottest month is July, when daytime highs average 83 degrees and rarely get above 91.

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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Well-connected urban and suburban neighborhoods

In the past 30 years, Carmel has tripled in size, growing from a true bedroom suburb to an edge city with an identity of its own. These newcomers aren't just making the short move north from Indy. This was once considered a fairly homogeneous community, but that is no longer true. "Over 100 languages are spoken in Carmel,” says Carmel city councilman Adam Aasen. “Carmel looked very different in 2002 than today.”

As the city began to grow, city planners worked to connect the growing subdivisions scattered across the area with Carmel’s urban core. The result is a seamless blend of urban and suburban sections connected via roads and plenty of open, green space.

Older neighborhoods feature mid-century ranch homes and split-levels. Newer subdivisions boast contemporary Farmhouse, American Standard and Craftsman style homes. Suburban neighborhoods all feature landscaped yards, plenty of shade trees and well-tended sidewalks. Townhomes and condos are popular closer to the urban core of the city. The median home price in Carmel is about $515,000, which is more than double that of Indianapolis. Prices range from around $170,000 for a 1-bedroom, 868-square-foot condo in the heart of downtown to more than $2 million for a five-bedroom, 6,300-square-foot lakefront home in a gated community.

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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One of Indiana's top-ranked school districts

The Carmel Clay School system is excellent. The district is rated A-plus by Niche and has won 10 National Blue Ribbon Awards for its exemplary teachers and learning programs. Niche ranks it as the top school district in the Indianapolis area, and No. 2 overall in the entire state. The school system serves about 16,000 students across 15 schools. Schools in Carmel are large — the elementary schools all have more than 600 students and the middle schools have more than 1,000.

The city’s one high school, Carmel High, has more than 5,300 students, making it one of the nation’s largest secondary schools. Despite that sizable number, the school has a 97% graduation rate. Its average SAT score is 1300. The school is nationally known for its athletic programs, which have won more state championships than any school in Indiana. “The school also has a very successful media program — radio, TV, newspaper — that has produced nationally known figures such as NPR’s Steve Inskeep and the Food Network’s Ted Allen,” Carl says.

The Monon Trail, a Gold Medal park system, and championship golf courses

The Carmel Clay Parks and Recreation Department is a two-time national Gold Medal winner, managing more than 700 acres of park land spread across 17 parks and greenways.

The Monon Trail is a 27-mile path stretching from Indianapolis to just north of Carmel on what was once the Monon Railroad. Today, the trail crosses through Carmel, providing residents easy access to dozens of shops, parks and restaurants. On a warm summer’s day, the trail usually bustles with activity as cyclists, dogwalkers, runners and families all hit the trail.

Accessibility and variety are emphasized in Carmel's parks. Highlights include River Heritage Park has a wheelchair-compatible playground and pathway overlooking the White River. Founders Park features native prairie, wetlands and a fishing pond near a playground designed to reflect its natural surroundings. Even every dog has its day at the 3-acre Central Dog Park, which is so popular that it has a waiting list for memberships.

Most kids in Carmel will probably say the city’s best summertime park is The Waterpark. The venue, open only during the summer season, includes a lazy river, adventure slides, a wave machine and other watery activities.

Carmel is one of Indiana's top cities for golf. Crooked Stick Golf Club is a private course designed by the world-renowned golf course designer Pete Dye, who once lived just off the 18th hole. The course has hosted prestigious events like the PGA Championship and the BMW Championship, and will host the 2028 U.S. Senior Open. Plum Creek is another Dye-designed private course in Carmel, while Brookshire Golf Club and Prairie View Golf Club are open to the public.

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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CarmelFest, concerts and Christkindlmarkt among city's many popular events

Carmel is known as a city of events. Since the late 1980s, residents have embraced CarmelFest. This annual summer event observes the nation’s birthday with live entertainment, a summer marketplace, local food vendors and fireworks to celebrate American independence. The Fourth of July parade is one of the city's annual highlights.

The annual Art of Wine festival is held in May in the Carmel Arts & Design District. While only the 21-and-older crowd can sample the wine, the event is open to all ages. Enjoy wine tastings from vineyards across the state while listening to street musicians and checking out the many shops and restaurants.

The city sponsors a Family Concert Series on Wednesday evenings from June through September. Held at the Gazebo in Carmel’s Civic Square, the concert series features family-friendly pop, rock, country and jazz musicians. Residents who attend this popular event usually bring a picnic dinner, lawn chains and a blanket to enjoy the music.

In winter, downtown's Carter Green transforms into the Carmel Christkindlmarkt, which offers the quaint feel of an open-air European holiday market.

Carmel Porchfest brings local musicians together to play their music on front porches twice a year. Singers and bands take to porches to perform for the public at no cost. Residents throng the streets of Carmel as they walk from one participating home to the next. Food, wine, beer, and arts-and-crafts vendors are located throughout the city to provide attendees with sustenance and shopping opportunities.

The Palladium provides a much bigger stage for musicians. Known for state-of-the-art acoustics, the venue has drawn artists such as Tony Bennett, John Legend and Sting to its stage since opening in 2011.

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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Carmel shopping centers stand out

Carmel City Center is more than just a shopping center — it’s a destination. This upscale retail hub features trendy boutiques, specialty shops and restaurants. The center is laid out in a charming setting reminiscent of the Georgian architecture in many European cities. Stone sidewalks and brick streets wind through the center, leading shoppers past water fountains and quiet rest areas.

Pet-friendly shopping area Clay Terrace is home to locally owned shops and national chains such as Chico’s, Orvis and American Eagle. The shopping destination features several dining options including Kona Grill and Qdoba. It also has a dog park.

Carmel is home to many nationally and regionally recognized supermarkets, including Aldi, Kroger, The Fresh Market, Meijer, Needler's Fresh Market and Whole Foods. Carmel's Farmers Market, which draws in more than 60,000 shoppers from May through October, is a popular source of locally grown produce. For those who prefer all-in-one shopping convenience in department stores, Carmel is also home to Target and Walmart.

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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The city of roundabouts

Carmel’s roundabout-based street system stands out not only in Indiana but in the United States. With more than 150 roundabouts, Carmel has the most of any American city. The city says the rate of injury-causing accidents has decreased by 80% since roundabouts were implemented. The city has also made an effort to make roundabouts aesthetically pleasing, commissioning sculptures and artwork for traffic circles.

The city is 23 miles from Downtown Indianapolis via I-465 and 31 miles from Indianapolis International Airport along the same route. Range Line Road (US-31) divides the city in half and connects with I-465.

The roads in Carmel also have a reputation for being well maintained, which is no small feat in Midwestern winters notorious for producing potholes. As Realtor with Compton Home Group, Jason Compton, says, “Driving into Carmel is like giving your car a featherbed to flop into after it has just completed the Oregon Trail in a wagon train.”

A lack of public transportation makes Carmel a car-dependent community, but the League of American Bicyclists has named it a Silver Level Bicycle Friendly City.

A sterling reputation for safety

"Carmel is known for public safety," Aasen says. "In a survey of residents, 'safe' and 'clean' were the two most prominent words in the word cloud."

Safewise and SmartAsset have listed Carmel as one of the five safest suburbs in the United States in multiple years, citing low rates of violent crime and property crime. The 2023 violent crime rate of 33 per 100,000 residents was about one-quarter the national average, and and property crime rate of 68.9 per 100,000 residents is about one-third the national average.

Alex Hickey
Written By
Alex Hickey
Travis Patton
Photography Contributed By
Travis Patton
Maurice Boone
Video By
Maurice Boone

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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

Carmel Housing Trends

Housing Trends

Median List Price
$582,450
Median Sale Price
$620,945
Median Single Family Sale Price
$685,000
Median Townhouse Sale Price
$421,790
Median 2 Bedroom Sale Price
$324,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
696
Median Home Sale Price YoY Change
3%
Average Price Per Sq Ft
$242

Neighborhood Facts

Number of Homes in Neighborhood
29,014
Number of Homes for Sale
29
Median Year Built
1995
Months of Supply
0.50
Average Single Family Home Size Sq Ft
3,510
Significantly above the national average
1,924
Average Townhouse Size Sq Ft
2,013
Average 2 Bedroom Size Sq Ft
1,592
Average 1 Bedroom Size Sq Ft
804
Median Lot Size Sq Ft
15,681

Open Houses

  • 10380 High Grove Dr, Carmel, IN 46032

    $1,299,000

    • 5 Beds
    • 6 Baths
    • 8,061 Sq Ft
    • 10380 High Grove Dr
    • New 13 days ago

    Welcome to Windemere, one of Carmel's most prestigious gated communities. This 5-bedroom, 4 full-bath, 2 half-bath home combines timeless design with a functional layout and outstanding indoor-outdoor living. Beautiful hardwood floors, detailed crown molding, and custom built-ins in the main-level den create a warm, elevated feel. The great room features a wall of windows, gas fireplace, and

    Agent Photo
    Troy Durbin
    Coldwell Banker - Kaiser
    (317) 760-3513
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  • 5865 Osage Dr, Carmel, IN 46033

    $750,000

    • 5 Beds
    • 3.5 Baths
    • 4,454 Sq Ft
    • 5865 Osage Dr

    Welcome to your opportunity in sought-after Carmel! This spacious 5-bedroom, 3.5-bath home with a finished basement sits on a beautiful .30-acre lot backing to mature trees-offering both privacy and potential. With over 4,400 sq ft, including a thoughtfully designed basement perfect for entertaining, this home offers generous living space for today's lifestyle. Inside, you'll find a flexible main

    Agent Photo
    Nathaniel VanPelt
    eXp Realty, LLC
    (317) 936-1825
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  • 330 Abbedale Ct, Carmel, IN 46032

    $550,000

    • 4 Beds
    • 2.5 Baths
    • 3,150 Sq Ft
    • 330 Abbedale Ct
    • New 22 days ago

    Welcome to this sprawling well maintained brick rambler. The living room becomes a haven with the fireplace, enhanced by the soaring height of a vaulted ceiling, while built-in shelves provide an elegant space to display your treasured possessions. In the kitchen, culinary endeavors are elevated by the stylish kitchen bar, and the thoughtfully designed kitchen peninsula, and an island range hood,

    Agent Photo
    Lindsay Adams
    Four Points Realty LLC
    (317) 961-8676
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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
$71,702
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

Very Bikeable

Bike Score®®

75 / 100

Somewhat Walkable

Walk Score®®

60 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the 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