Home Values

Carmel Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$311,500

  • -1.7% 1-year change
  • -1.3% 1-year forecast

The median home value in Carmel is $311,500. Carmel home values have declined -1.7% over the past year and Zillow predicts they will fall -1.3% within the next year. The median rent price in Carmel is $1,500, which is lower than the New York Metro median of $2,500.

Foreclosures will be a factor impacting home values in the next several years. In Carmel 4.8 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.9 and also greater than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Carmel is 12.1%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Carmel homeowners underwater on their mortgage is 17.7%, which is higher than New York Metro at 12.4%.

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Relative ZHVI
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Carmel Market Overview

Data through Jun 30, 2015
  • $311,500 ZHVI
  • -1.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Carmel Market Health

Data through Jun 30, 2015
  • 1.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 17.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 12.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5 Carmel
2 New York Metro
4 United States
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Nearby Cities

Name Median ZHVI
Somers Town $577,500
Lincolndale $387,300
Heritage Hills $363,700
Name Median ZHVI
Jefferson Valley-Yorktown $343,700
Shenorock $333,600
Putnam Valley $316,600
Name Median ZHVI
Mahopac $308,700
Kent Lakes $292,200
Carmel Hamlet $289,300

Listings & Sales

  • No data
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Carmel Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $2,217 Carmel
    $2,340 New York Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,500 Rent list price
  • $1.71 Rent list price / sq ft (May 31, 2015)
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