Carmel-by-the-Sea, California Real Estate & Housing Market

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Carmel-by-the-Sea Housing Information

Index	Carmel-by-the-Sea	California	National
Median home price	$1,226,300	$409,300	$184,700
Median rent asked	$1,961	$1,297	$949
Avg. people per household	2.3	3.0	2.6
Owner occupied households	59.8%	54.1%	63.6%
Renter occupied households	40.2%	45.9%	36.4%

Above is a snapshot look at the real estate market in Carmel-by-the-Sea, CA. In Carmel-by-the-Sea, CA, the median house price is $1,226,300, making the price 200% higher than that the average for California. Therefore, the affordability of Carmel-by-the-Sea, CA area real estate is less affordable than the real estate in other areas of California. In addition, Carmel-by-the-Sea, CA has a median rent price of $1,961; this price is 51% higher than that the average rental price for California. 59.8% of residents in Carmel-by-the-Sea, CA are homeowners, and the average amount of people who reside in each home is 2.3. Carmel-by-the-Sea, CA has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Carmel-by-the-Sea, CA real estate for sale.

Carmel-by-the-Sea Home Affordability

When looking for real estate in Carmel-by-the-Sea, CA, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Carmel-by-the-Sea, CA, the median price of a home is $1,226,300 and $81,607 is the median household income. This means that the home price to income ratio is 15.0x, a ratio that is 134% higher than the average in California. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Carmel-by-the-Sea, CA will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Carmel-by-the-Sea, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Boronda, CA	1,381	$0	100%
Castroville, CA	6,978	$258,400	40%
Seaside, CA	34,120	$366,400	98%
Marina, CA	20,816	$392,500	113%
Del Rey Oaks, CA	1,683	$480,100	160%
Carmel-by-the-Sea, CA	3,852	$1,226,300	564%

Cities with similar population

City, State	Population	Home Price	National Avg.
Sewickley, PA	3,852	$291,100	58%
Ashland, MO	3,851	$161,400	13%
Camdenton, MO	3,854	$115,800	37%
Valley Grande, AL	3,855	$120,300	35%
Shenandoah Farms, VA	3,855	$203,300	10%
Carmel-by-the-Sea, CA	3,852	$1,226,300	564%

Source: The Carmel-by-the-Sea, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).