Carmel, IN Real Estate Prices per Square Foot
Buy prices, rent prices, historical development and submitted values for Carmel, IN.
Average buy price
$203.00 / sqft
Typical residential purchase price per square foot.
Average rent
$1.69 / sqft / month
Monthly rent per square foot.
Median home price
$607,636
Estimated median residential sale price.
Median monthly rent
$2,084
Estimated median rent for the city.
Interactive estimate
Property price calculator
1. Property basics
2. Property details
3. Estimated value
Estimated purchase price
$0
This estimate uses the current city-level price per square foot. Property details are collected for future model improvements.
Historical price development
Buy price development
Buy prices have increased by about 11.6% over the last 5 years.
Rent price development
Rent prices have increased by about 43.1% over the last 5 years.
Submitted values in Carmel
This table includes recent submitted values and individual historical comparable values, so the local price development is easier to compare.
| Date | Type | Property | Price / sqft | Size | Total | Area |
|---|---|---|---|---|---|---|
| 2026-07-05 | Rent | townhouse | $1.62 / sqft | 2,100 sqft | $3,402 | Waterstone 46033 |
| 2026-07-02 | Rent | condo | $1.70 / sqft | 1,250 sqft | $2,125 | Gramercy 46032 |
| 2026-07-02 | Rent | luxury apartment | $2.30 / sqft | 1,100 sqft | $2,530 | Clay Terrace 46032 |
| 2026-06-28 | Rent | duplex | $1.42 / sqft | 1,450 sqft | $2,059 | Brookshire 46033 |
| 2026-06-27 | Rent | apartment | $1.96 / sqft | 880 sqft | $1,725 | City Center 46032 |
| 2026-06-25 | Rent | townhouse | $1.58 / sqft | 1,700 sqft | $2,686 | West Carmel 46074 |
| 2026-06-22 | Buy | single-family home | $221.00 / sqft | 3,000 sqft | $663,000 | Smokey Row 46032 |
| 2026-06-20 | Rent | luxury apartment | $2.48 / sqft | 780 sqft | $1,934 | City Center 46032 |
| 2026-06-20 | Buy | condo | $240.00 / sqft | 1,250 sqft | $300,000 | Carmel City Center 46032 |
| 2026-06-19 | Rent | apartment | $2.05 / sqft | 720 sqft | $1,476 | North Meridian 46032 |
| 2026-06-17 | Buy | condo | $206.00 / sqft | 1,350 sqft | $278,100 | Keystone 46033 |
| 2026-06-15 | Rent | luxury apartment | $2.12 / sqft | 1,180 sqft | $2,502 | Arts & Design District 46032 |
| 2026-06-13 | Buy | duplex | $185.00 / sqft | 2,100 sqft | $388,500 | East Carmel 46033 |
| 2026-06-12 | Buy | single-family home | $210.00 / sqft | 3,200 sqft | $672,000 | West Carmel 46074 |
| 2026-06-12 | Buy | townhouse | $218.00 / sqft | 1,600 sqft | $348,800 | Arts & Design District 46032 |
| 2026-06-11 | Buy | condo | $230.00 / sqft | 1,050 sqft | $241,500 | City Center 46032 |
| 2026-06-09 | Rent | apartment | $2.15 / sqft | 530 sqft | $1,140 | Keystone 46033 |
| 2026-05-31 | Rent | townhouse | $1.68 / sqft | 1,550 sqft | $2,604 | Cool Creek 46033 |
| 2026-05-29 | Buy | single-family home | $229.00 / sqft | 3,750 sqft | $858,750 | Waterstone 46033 |
| 2026-05-28 | Buy | loft | $255.00 / sqft | 900 sqft | $229,500 | Downtown Carmel 46032 |
| 2026-05-28 | Buy | single-family home | $265.00 / sqft | 4,500 sqft | $1,192,500 | Village of WestClay 46074 |
| 2026-05-27 | Buy | multi-family home | $178.00 / sqft | 3,600 sqft | $640,800 | Home Place 46280 |
| 2026-05-25 | Rent | single-family home | $1.45 / sqft | 2,200 sqft | $3,190 | East Carmel 46033 |
| 2026-05-24 | Buy | condo | $215.00 / sqft | 720 sqft | $154,800 | Home Place 46280 |
| 2026-05-23 | Rent | townhouse | $1.50 / sqft | 1,900 sqft | $2,850 | Smokey Row 46032 |
| 2026-05-23 | Buy | townhouse | $226.00 / sqft | 1,850 sqft | $418,100 | North Meridian 46032 |
| 2026-05-21 | Rent | single-family home | $1.55 / sqft | 2,400 sqft | $3,720 | Village of WestClay 46074 |
| 2026-05-18 | Buy | condo | $224.00 / sqft | 980 sqft | $219,520 | Clay Terrace 46032 |
| 2026-05-17 | Rent | condo | $1.86 / sqft | 950 sqft | $1,767 | Home Place 46280 |
| 2026-05-12 | Rent | loft | $2.35 / sqft | 600 sqft | $1,410 | Downtown Carmel 46032 |
| 2026-05-03 | Buy | single-family home | $198.00 / sqft | 2,600 sqft | $514,800 | Cool Creek 46033 |
| 2026-05-03 | Buy | single-family home | $250.00 / sqft | 4,100 sqft | $1,025,000 | Village of WestClay 46074 |
| 2026-05-01 | Rent | multi-family home | $1.35 / sqft | 2,000 sqft | $2,700 | Home Place 46280 |
| 2026-05-01 | Buy | single-family home | $205.00 / sqft | 2,400 sqft | $492,000 | Brookshire 46033 |
| 2026-04-17 | Rent | apartment | $2.22 / sqft | 650 sqft | $1,443 | Arts & Design District 46032 |
| 2026-04-17 | Buy | townhouse | $236.00 / sqft | 1,450 sqft | $342,200 | Gramercy 46032 |
| 2026-04-13 | Rent | apartment | $2.40 / sqft | 450 sqft | $1,080 | Downtown Carmel 46032 |
| 2026-04-12 | Rent | condo | $1.74 / sqft | 1,020 sqft | $1,775 | West Carmel 46074 |
| 2026-04-12 | Buy | single-family home | $242.00 / sqft | 2,800 sqft | $677,600 | Williams Creek Farms 46032 |
| 2026-04-08 | Buy | townhouse | $232.00 / sqft | 2,250 sqft | $522,000 | City Center 46032 |
| 2025-06-01 | Rent | luxury apartment | $1.86 / sqft / month | 1,000 sqft | $1,860 | Arts & Design District 46032 |
| 2024-07-26 | Buy | single-family home | $202.00 / sqft | 3,100 sqft | $626,200 | Waterstone 46033 |
| 2024-03-01 | Rent | condo | $1.55 / sqft / month | 1,150 sqft | $1,783 | Home Place 46280 |
| 2023-11-13 | Buy | condo | $184.00 / sqft | 1,450 sqft | $266,800 | North Meridian 46032 |
| 2023-08-01 | Rent | townhouse | $1.48 / sqft / month | 1,800 sqft | $2,664 | Cool Creek 46033 |
| 2022-08-20 | Buy | single-family home | $190.00 / sqft | 3,800 sqft | $722,000 | Village of WestClay 46074 |
| 2022-05-01 | Rent | apartment | $1.62 / sqft / month | 760 sqft | $1,231 | Carmel City Center 46032 |
| 2021-09-01 | Rent | single-family home | $1.30 / sqft / month | 2,200 sqft | $2,860 | Village of WestClay 46074 |
| 2021-06-08 | Buy | townhouse | $181.00 / sqft | 2,100 sqft | $380,100 | Arts & Design District 46032 |
| 2020-09-16 | Buy | single-family home | $165.00 / sqft | 2,600 sqft | $429,000 | Cool Creek 46033 |
| 2020-02-01 | Rent | luxury apartment | $1.46 / sqft / month | 950 sqft | $1,387 | City Center 46032 |
| 2019-03-27 | Buy | condo | $158.00 / sqft | 1,300 sqft | $205,400 | Carmel City Center 46032 |
| 2018-10-01 | Rent | townhouse | $1.22 / sqft / month | 1,700 sqft | $2,074 | West Carmel 46074 |
| 2017-05-05 | Buy | single-family home | $151.00 / sqft | 3,400 sqft | $513,400 | West Carmel 46074 |
| 2017-04-01 | Rent | apartment | $1.27 / sqft / month | 820 sqft | $1,041 | Arts & Design District 46032 |
| 2016-10-18 | Buy | townhouse | $143.00 / sqft | 1,900 sqft | $271,700 | Gramercy 46032 |
| 2015-08-01 | Rent | condo | $1.18 / sqft / month | 1,050 sqft | $1,239 | Gramercy 46032 |
| 2015-07-31 | Buy | single-family home | $139.00 / sqft | 2,800 sqft | $389,200 | Williams Creek Farms 46032 |
| 2014-06-01 | Rent | single-family home | $1.11 / sqft / month | 2,000 sqft | $2,220 | Waterstone 46033 |
| 2013-12-02 | Buy | condo | $128.00 / sqft | 1,050 sqft | $134,400 | Home Place 46280 |
| 2012-11-01 | Rent | apartment | $1.08 / sqft / month | 780 sqft | $842 | Clay Terrace 46032 |
| 2012-04-14 | Buy | single-family home | $121.00 / sqft | 3,000 sqft | $363,000 | Waterstone 46033 |
| 2011-07-01 | Rent | townhouse | $1.04 / sqft / month | 1,600 sqft | $1,664 | Smokey Row 46032 |
| 2010-06-25 | Buy | townhouse | $112.00 / sqft | 1,600 sqft | $179,200 | Smokey Row 46032 |
| 2009-09-09 | Buy | single-family home | $105.00 / sqft | 2,200 sqft | $231,000 | Brookshire 46033 |
| 2009-04-01 | Rent | apartment | $0.96 / sqft / month | 650 sqft | $624 | Keystone 46033 |
| 2008-09-01 | Rent | condo | $1.01 / sqft / month | 1,100 sqft | $1,111 | Home Place 46280 |
| 2008-01-30 | Buy | condo | $119.00 / sqft | 1,200 sqft | $142,800 | Clay Terrace 46032 |
| 2006-12-01 | Rent | single-family home | $0.94 / sqft / month | 2,100 sqft | $1,974 | Cool Creek 46033 |
| 2006-08-15 | Buy | single-family home | $128.00 / sqft | 3,600 sqft | $460,800 | Village of WestClay 46074 |
| 2005-05-21 | Buy | townhouse | $122.00 / sqft | 1,700 sqft | $207,400 | City Center 46032 |
| 2004-11-03 | Buy | single-family home | $116.00 / sqft | 2,600 sqft | $301,600 | East Carmel 46033 |
| 2004-05-01 | Rent | luxury apartment | $1.02 / sqft / month | 900 sqft | $918 | Carmel City Center 46032 |
| 2003-02-12 | Buy | condo | $105.00 / sqft | 980 sqft | $102,900 | Keystone 46033 |
| 2002-10-01 | Rent | townhouse | $0.90 / sqft / month | 1,500 sqft | $1,350 | West Carmel 46074 |
| 2001-07-17 | Buy | single-family home | $98.00 / sqft | 3,200 sqft | $313,600 | North Meridian 46032 |
| 2001-03-01 | Rent | apartment | $0.88 / sqft / month | 760 sqft | $669 | Arts & Design District 46032 |
| 2000-04-28 | Buy | townhouse | $93.00 / sqft | 1,500 sqft | $139,500 | Arts & Design District 46032 |
| 1999-06-01 | Rent | condo | $0.82 / sqft / month | 950 sqft | $779 | City Center 46032 |
| 1998-09-24 | Buy | single-family home | $89.00 / sqft | 2,800 sqft | $249,200 | Cool Creek 46033 |
| 1998-08-01 | Rent | single-family home | $0.78 / sqft / month | 1,800 sqft | $1,404 | East Carmel 46033 |
| 1997-06-11 | Buy | condo | $82.00 / sqft | 1,100 sqft | $90,200 | Home Place 46280 |
| 1996-02-01 | Rent | apartment | $0.74 / sqft / month | 820 sqft | $607 | North Meridian 46032 |
| 1995-10-06 | Buy | single-family home | $81.00 / sqft | 2,400 sqft | $194,400 | West Carmel 46074 |
| 1994-11-01 | Rent | townhouse | $0.70 / sqft / month | 1,350 sqft | $945 | Brookshire 46033 |
| 1994-03-19 | Buy | townhouse | $72.50 / sqft | 1,250 sqft | $90,625 | Downtown Carmel 46032 |
| 1993-04-01 | Rent | duplex | $0.68 / sqft / month | 1,200 sqft | $816 | Home Place 46280 |
| 1992-08-22 | Buy | single-family home | $78.00 / sqft | 1,900 sqft | $148,200 | Brookshire 46033 |
| 1991-09-01 | Rent | apartment | $0.63 / sqft / month | 700 sqft | $441 | Downtown Carmel 46032 |
| 1991-05-14 | Buy | condo | $70.00 / sqft | 950 sqft | $66,500 | Home Place 46032 |
Housing market overview for Carmel, IN
The real estate market in Carmel, IN can be compared more clearly by looking at price per square foot. Current estimates show an average buy price of $203.00 / sqft and an average rent of $1.69 / sqft / month.
Buyers can use the purchase price per square foot to compare homes, condos and apartments of different sizes. Renters can use monthly rent per square foot to compare different rental listings more accurately.
The reported values on this page show how prices can vary by neighborhood, property type, size and condition. Historical values help explain whether the local market has been rising, stable or cooling.
Frequently asked questions
What is the average home price per square foot in Carmel?
The average residential buy price in Carmel, IN is $203.00 / sqft based on the current values available on this page.
How much is rent per square foot in Carmel?
The average rental price in Carmel, IN is $1.69 / sqft / month. Actual rents can vary by neighborhood, property type and building quality.
Are property prices in Carmel increasing?
Buy prices have increased by about 11.6% over the last 5 years. Rent prices have increased by about 43.1% over the last 5 years. These 5-year trends are based on the available individual historical comparable values.