Carmel-by-the-Sea Housing Information

IndexCarmel-by-the-SeaCaliforniaNational
Median home price$1,226,300$409,300$184,700
Median rent asked$1,961$1,297$949
Avg. people per household2.33.02.6
Owner occupied households59.8%54.1%63.6%
Renter occupied households40.2%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, StatePopulationHome PriceNational Avg.
Boronda, CA1,381$0100%
Castroville, CA6,978$258,40040%
Seaside, CA34,120$366,40098%
Marina, CA20,816$392,500113%
Del Rey Oaks, CA1,683$480,100160%
Carmel-by-the-Sea, CA3,852$1,226,300564%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Sewickley, PA3,852$291,10058%
Ashland, MO3,851$161,40013%
Camdenton, MO3,854$115,80037%
Shenandoah Farms, VA3,855$203,30010%
Valley Grande, AL3,855$120,30035%
Carmel-by-the-Sea, CA3,852$1,226,300564%

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