Median real estate price in the City Center of Carmel is $1,479,546, which is more expensive than 96.7% of the neighborhoods in California and 99.5% of the neighborhoods in the U.S.
The average rental price in Carmel City Center is currently $2,287, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 79.9% of the neighborhoods in California.
Carmel City Center is an urban neighborhood (based on population density) located in Carmel, California.
Real estate in the City Center of Carmel, CA is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Carmel City Center. The current real estate vacancy rate here is 47.2%. This is higher than the rate of vacancies in 98.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (34.3%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.