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Carmel city, IN

ZIP 46033 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46033

Median Home Value
$458,600
Median Rent
$1,402
Affordability Snapshot
$126,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,946/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46033 in Carmel city, IN, a household would need roughly $126,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,946. That sits below the local median household income ($150,529), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
86.9%+33% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
97.7%+12% vs US avg
x
4+ Bedrooms
19.3%+30% vs US avg
x
Built Pre-1939
0.6%-96% vs US avg
x
Built Post-2014
1.5%-79% vs US avg
x
Rent Burden >30%
20.3%-59% vs US avg
x
Mortgage-Free
32.7%-14% vs US avg
x
$458,600
Home Value
$1,402
Rent
1993
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached88.3%
  • 1-unit attached3.1%
  • 2-9 units4.4%
  • 10+ units4.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$458,600
Median rent$1,402
Owner-occupied86.9%
Vacant3.1%
Price-to-income3.0x
Est. income to buy$126,000