Explore available listings and evaluate market performance.
Carmel, IN Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,844
Monthly Cash Flow
-$1,252
Principal + Equity
$3,088
Annual Total Gain
$22,035
Cash on Cash
-11.12%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$247
Occupancy Rate
58.06%
Monthly Revenue
$2,923
Monthly Cash Flow
-$612
Principal + Equity
$3,088
Annual Total Gain
$29,720
Cash on Cash %
-5.43%
Net ROI %
Market Health & Growth
Median Income
$134,602
Population
100,501
LTR Renter %
25.45%
Forecast (1 yr)
2.3%
Appreciation (1 yr)
3.59%
Appreciation (5 yr)
48.52%
Appreciation (10 yr)
77.96%
Job Growth
0.6%
LTR Rentability
High
STR Demand
62
STR Rentals
67
Top Public Schools
ACarmel High School
AWestfield High School
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A
Overall
Top-level market grade
Best Places to Live in Indiana
#1out of 317 markets
Best Places to Raise a Family in Indiana
#1out of 317 markets
Places with the Best Public Schools in Indiana
#1out of 232 markets
A
Public School
B-
Crime And Safety
A-
Housing
B
Nightlife
A
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Carmel, IN.
As of September 2021, Carmel, IN does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
Investors should also consider the potential impact of STRs on the local community and housing market. Some cities have implemented regulations to address concerns such as noise, parking, and the availability of affordable housing. It is important to consider these factors when evaluating the potential profitability of an STR investment in Carmel.
Additionally, investors should be aware of any homeowners association (HOA) rules or restrictions that may apply to STRs in a particular neighborhood. Some HOAs may have specific rules governing short term rentals, such as limits on the number of guests or the frequency of rentals.
Overall, investors should thoroughly research the local regulations and market conditions before investing in a property for short term rental in Carmel, IN. It is important to stay informed and to consider the potential risks and rewards of this type of investment.
Market Trends Over Time
Explore 25 years of market data for Carmel, IN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Carmel, IN.
The LTR Genie Score of Carmel, IN is 70 and STR Genie Score is 59, indicating a high and moderate rating respectively. The high LTR Rentability and LTR Net ROI of 16.3% contribute to the strong LTR Genie Score, while the slightly lower STR Genie Score may be due to the STR Net ROI of 21.99% and STR Occupancy rate of 58.06. The 1-Year Price Appreciation Forecast of 2.3% suggests a stable market with potential for growth.
Carmel, IN is known for its strong economy, excellent schools, and high quality of life, making it an attractive location for real estate investment. The city's proximity to Indianapolis and amenities such as parks, shopping, and dining make it a desirable place for both long-term and short-term rental properties.
Overall, Carmel, IN appears to be a promising market for both long-term and short-term rental investments. The high LTR Rentability and moderate STR Genie Score indicate potential for solid returns in both rental strategies. Investors may consider diversifying their portfolio by exploring opportunities in both rental markets in Carmel.
LTR Genie Score 93
$319,900
🛏 5 Beds🛁 4.0000 Baths🏙 3,084 sqft.🏠 SINGLE FAMILY
