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

Carmel, IN has a median modeled monthly cash flow of $-1,757 and a median cap rate of 2.7%, on a median sold price of $583,000. Prices changed +4.3% year over year.

What is the average cap rate in Carmel, IN?

The median cap rate across recently sold homes in Carmel, IN is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Carmel, IN?

The median sold price in Carmel, IN is $583,000 (about $194 per square foot).

Investing in Carmel, IN Real Estate

A data-driven snapshot of the Carmel, IN 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.

$583,000Median sold price

$194Median $/sqft

2.7%Median cap rate

$-1,757Modeled cash flow / mo

+4.3%Appreciation YoY

5.0Months of supply

612Active listings

1,465Sold (last 12 mo)

What the Carmel numbers say

In Carmel, IN, the median home sold for $583,000 (about $194 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,757 of monthly cash flow. Sold prices moved +4.3% over the past year. Inventory sits at about 5.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Indiana markets to compare

See Carmel cash-flowing listings

CashFlowRE ranks every for-sale home in Carmel, IN 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.