Carmel, Indiana is a great place to live for many reasons despite the 14,000 roundabouts and strange statues that some find appealing (I still can’t get there). Money magazine and others have named it as one of the best places to live in the country. It is a highly sought-after suburb of Indianapolis, known for its excellent schools, safe neighborhoods, and abundance of amenities. But one of the most significant draws of this city is its thriving real estate market that has continued an upward trajectory for many years now.
Real estate statistics for Carmel show that the median home sale in January of 2023 is around $460,000, which is significantly higher than the national average. However, the city’s strong job market and overall desirability make it well worth the investment. The city also boasts a low unemployment rate and a diverse economy, with a mix of both small and large businesses.
Carmel’s housing market is diverse, and there’s something for everyone. From historic homes to new constructions, there are a wide variety of properties available. Additionally, the city has a growing number of luxury homes and condos, catering to the high-end market. The city also has a variety of price points, and homes that range from around $200,000 to over $1 million.
Carmel’s real estate market is also known for its low inventory, which means that properties tend to sell quickly. This is particularly true for homes in the most desirable neighborhoods, which can receive multiple offers within a short period of time.
In addition to its strong housing market, Carmel is also known for its excellent schools. Many of the schools in the Carmel Clay Schools district are considered some of the best in the state.
Another great aspect of living in Carmel is its location. The city is situated just north of Indianapolis, which means residents have easy access to all the city has to offer, including the Indianapolis Motor Speedway, the Children’s Museum of Indianapolis, and the Indianapolis Zoo. But residents also have the advantage of living in a more suburban environment, which provides a quieter and more peaceful lifestyle.
Overall, Carmel, Indiana, is a great place to live and raise a family. Its strong real estate market, excellent schools, and many amenities make it a highly desirable city. If you’re considering a move to the area, now is a great time to take advantage of the many opportunities available in this thriving community.
Link to Money Magazine article detailing Carmel as the #2 place to live in the country https://money.com/collection/best-places-to-live-2021/5746480/carmel-indiana-2021/