Is Carmel, CA a good place to invest in rental property?

Carmel, CA has a median modeled monthly cash flow of $-9,771 and a median cap rate of 0.4%, on a median sold price of $1,689,500. Prices changed -2.6% year over year.

What is the average cap rate in Carmel, CA?

The median cap rate across recently sold homes in Carmel, CA is 0.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Carmel, CA?

The median sold price in Carmel, CA is $1,689,500 (about $902 per square foot).

Investing in Carmel, CA Real Estate

A data-driven snapshot of the Carmel, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,689,500Median sold price

$902Median $/sqft

0.3%Median cap rate

$-9,771Modeled cash flow / mo

-2.6%Appreciation YoY

11.5Months of supply

179Active listings

186Sold (last 12 mo)

What the Carmel numbers say

In Carmel, CA, the median home sold for $1,689,500 (about $902 per square foot), and the typical deal models out to a 0.3% cap rate with a median $-9,771 of monthly cash flow. Sold prices moved -2.6% over the past year. Inventory sits at about 11.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other California markets to compare

See Carmel cash-flowing listings

CashFlowRE ranks every for-sale home in Carmel, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Carmel deals, or browse the national market data.