Carmel, IN 46032 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Carmel, IN — 46032
Market Hotness
71
Hotness Rank
#3,150
Hotness Score
71
Supply Score
53
Demand Score
90
DOM vs US
-3.8%
Faster
Price vs US
151%
Above avg
Median Listing Price
$650K
Population
51,515
Households
144,746
Median Days on Market
49
Active Listings
113
New Listings
80
Housing Market
Pricing
Median Listing Price
$650K
-2.3% YoY
Average Listing Price
$1.02M
+10.0% YoY
Price per Sq Ft
$254
+13.8% YoY
Median Sq Ft
2,353
-12.1% YoY
Inventory
Active Listings
113
+6.6% YoY
New Listings
80
-16.7% YoY
Total Listings
211
+13.2% YoY
Buyer Competition
Pending Listings
99
+23.0% YoY
Pending Ratio
0.88
+11.7% YoY
Median Days on Market
49
+35.9% YoY
Price Reduced
14.0%
-2.0% YoY
FY2026 Fair Market Rent — Hamilton County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,118
/month
1 BR
$1,267
/month
2 BR
$1,473
/month
3 BR
$1,907
/month
4 BR
$2,338
/month
FMR Trends — Hamilton County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
38.4
2024
Population
ZIP Population
51,515
+0.7% YoY
Hamilton County Population
379,704
+1.9% YoY
Households
Total Housing Units
144,746
+3.1% YoY
Age
2024 Age Mix
365K
residents
Under 18
92,736
25.4%
Adults 18–64
221,647
60.7%
65 & Over
50,673
13.9%
Age Composition Over Time
2017–2024
Population Under 18
92,736
+0.3% YoY
Population 65 & Over
50,673
+5.6% YoY
Median Age
38.40
+1.1% YoY
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