Carmel is a growing town of Indianapolis and is in Hamilton County. At T&H Realty Services, we are highly interested in providing professional property management in the Carmel area.
Carmel provides a wide-range of homes for tenants to rent, including high-end executive homes and more affordable homes located in large subdivisions.
Carmel is positioned just north of Indianapolis and has consistently been regarded as one of the fastest growing communities in Indiana. Carmel has also received multiple awards for “Best Places to Live”, not only in Indiana, but around the nation as well. Carmel is loaded with quality, award-winning schools and has many shopping and other entertainment outlets.
Carmel has recently created the Carmel Arts and Design District, designed to promote and help small businesses succeed.
According to Data USA, the median household income is $112,765 with median home values of $333,200 and average rent amounts of $1,404.
Niche reports 76% of residents own their homes compared to 24% who rent.
Carmel has a population of over 100,000 residents and continues to grow as popularity with the area increases.
Niche also ranks it the #1 place to live in Indiana, the #1 place to raise a family in Indiana, and #1 school district in Indiana.
It’s ranked the best district for Athletes out of 294 districts, #3 out of 290 for best schools districts in Indiana, and #23 out of 289 for districts with the best teachers in the State.
Carmel is a difficult place to invest in from a cash flow perspective. Your tenant quality may be high, but you will also have to invest more than surrounding areas.
Best Places reports property crime in Carmel to be an 18 and violent crime to be a 7.1 based on a scale from 1 (low crime) to 100 ( high crime).
T&H Realty is working with Owner Clients to add Carmel rental properties to their portfolios. If you are interested in finding properties in that area, our brokerage would be more than happy to help you purchase a property.