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Carmel

Carmel

Located in Hamilton County

$653,627 Average Value
$221 Average Price per Sq Ft
175 Homes For Sale

Carmel is a city filled with amenities

Carmel is a city north of Indianapolis known for its walkable urban design and wealth of amenities. Its cultural, commercial and event-driven center consists of Old Town, Midtown and City Center, neighborhoods developed around access to the Monon Trail, a paved walking and biking path that runs the length of the city. Carmel is also home to some of Indiana’s most sought-after schools and 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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Homebuyers find varied home styles and prices in Carmel

Most of Carmel’s modern infrastructure is built around the Monon Trail. 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. 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, typically ranging from under $200,000 to over $2 million. 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 exception. “They are redoing and rebuilding a lot of 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 southwest side. This housing 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 housing market is competitive. Homes average about 35 days on the market before selling, compared to the national average of around 55. Carmel’s median sales price in the high $500,000s is second among the area’s neighboring suburbs. Zionsville’s median is in the high $600,000s, while the medians in Westfield and Fishers are in the $400,000s.

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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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 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.

Art is the featured attraction in Old Town

Old Town is centered around the Arts & Design District, a creative hub with 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 Houses, 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. 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. The area is best known for its eclectic culinary offerings, which include SALT, divvy and The Cake Bake Shop. It 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 nearby along the 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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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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Easy access to Indianapolis and the city's interstate system

Both U.S. Route 31 and the Keystone Parkway run through Carmel. The parkway provides the most direct route into downtown Indianapolis. The drive typically takes between 30-40 minutes during rush hour. U.S. 31 connects to Interstate 465 on the southern edge of Carmel. The I-465 loop circles Indianapolis and connects commuters to Interstates 65, 69, 70 and 74. Indianapolis International Airport is about a 30-mile drive via I-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 Tom Lazzara, 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
28,968
Number of Homes for Sale
175
Median Year Built
1995
Months of Supply
1.40
Average Single Family Home Size Sq Ft
3,473
Significantly above the national average
1,931
Average Townhouse Size Sq Ft
2,030
Average 2 Bedroom Size Sq Ft
1,589
Average 1 Bedroom Size Sq Ft
836
Median Lot Size Sq Ft
15,681

Open Houses

  • Monday, May 4
    Open Mon 9AM - 7PM

    10209 Broadway St, Indianapolis, IN 46280

    $343,000

    • 3 Beds
    • 1.5 Baths
    • 1,611 Sq Ft
    • 10209 Broadway St

    Welcome to 10209 Broadway St, a home that has been tastefully updated to meet your needs. The fresh interior paint gives the home a clean and modern feel. Partial flooring replacement has been done, adding to the overall appeal of the property. The living room features a cozy fireplace, perfect for those chilly evenings. The kitchen is a chef's dream with an accent backsplash and new appliances,

    Shelby Farrar Opendoor Brokerage LLC

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  • Monday, May 4
    Open Mon 9AM - 7PM

    13167 Roma Bend, Carmel, IN 46074

    $507,000

    • 3 Beds
    • 2 Baths
    • 2,275 Sq Ft
    • 13167 Roma Bend

    Come see 13167 Roma Bnd, a residence arranged for everyday practicality and comfort. This home includes a fireplace, enhancing the living space. The kitchen contains all stainless steel appliances complemented by an accent backsplash. The primary bathroom features double sinks and a separate tub and shower for utility. A walk-in closet provides dedicated storage within the primary bedroom. An

    Shelby Farrar Opendoor Brokerage LLC

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  • Saturday, May 9
    Open Sat 12PM - 4PM

    7243 Selah Ln, Noblesville, IN 46062

    $357,000

    • 3 Beds
    • 4 Baths
    • 1,980 Sq Ft
    • 7243 Selah Ln

    Introducing the stunning 3-story Frankton model in the highly desirable Towns at RiverWest community. The main living level features an open-concept layout, effortlessly connecting the living and dining areas to a sleek, stylish kitchen. Outfitted with 42" White cabinetry, gleaming Aruca White quartz countertops and premium gas appliances, this space is a dream for the home chef and entertainer

    Lisa Kleinke Pulte Realty of Indiana, LLC

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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

Rental Home Trends

Number of Homes for Rent
45
Median Rent
$2,820
Median Single Family Home Rent
$2,850
Median 4 Bedroom Single Family Home Rent
$3,033
Median Townhouse Rent
$2,595
Median 3 Bedroom Townhouse Rent
$2,595
Median Condo Rent
$2,485
Median 2 Bedroom Condo Rent
$2,300

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
$79,597
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
Tom Lazzara
Lazzara Real Estate
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