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

Carmel, IN has a median modeled monthly cash flow of $-1,708 and a median cap rate of 2.8%, on a median sold price of $589,900. Prices changed +3.4% year over year.

What is the average cap rate in Carmel, IN?

The median cap rate across recently sold homes in Carmel, IN is 2.8%, 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 $589,900 (about $195 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.

$589,900Median sold price

$195Median $/sqft

2.8%Median cap rate

$-1,708Modeled cash flow / mo

+3.4%Appreciation YoY

6.9Months of supply

867Active listings

1,499Sold (last 12 mo)

What the Carmel numbers say

In Carmel, IN, the median home sold for $589,900 (about $195 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-1,708 of monthly cash flow. Sold prices moved +3.4% over the past year. Inventory sits at about 6.9 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 4 fix-and-flip deals in Carmel — listings where the estimated after-repair value beats list price + rehab.

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.