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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Carmel Valley, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Carmel Valley, CA Housing Market Trends

With a population of 4,524, 1,970 total housing units (homes and apartments), and a median house value of $1,396,755, Carmel Valley house prices are not only among the most expensive in California, Carmel Valley real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Carmel Valley, accounting for 79.67% of the town's housing units. Other types of housing that are prevalent in Carmel Valley include row houses and other attached homes ( 10.08%), mobile homes or trailers ( 4.40%), and a few large apartment complexes or high rise apartments ( 4.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carmel Valley. Owner-occupied housing accounts for 79.50% of Carmel Valley's homes, and 59.33% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Carmel Valley's housing was primarily built during this period, from the '40s through the '60s. A full 51.35% of the town's housing hails from this era. Other housing ages represented in Carmel Valley include homes built between 1970-1999 ( 33.19%) and housing constructed before 1939 ( 8.16%). There's also some housing in Carmel Valley built between 2000 and later ( 7.30%).

Vacant housing appears to be an issue in Carmel Valley. Fully 15.85% of the housing stock is classified as vacant. Left unchecked, vacant Carmel Valley homes and apartments can be a drag on the real estate market, holding Carmel Valley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Carmel Valley Home Appreciation Rates

Real estate appreciation rates in Carmel Valley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.53% during the period.

NeighborhoodScout's data show that during the latest twelve months, Carmel Valley's appreciation rate, at 6.58%, has been at or slightly above the national average. In the latest quarter, Carmel Valley's appreciation rate has been 2.67%, which annualizes to a rate of 11.10%.

Relative to California, our data show that Carmel Valley's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values

Median Home Value

$1,396,755

Carmel Valley, CA Home Prices
> $1,343,000
$1,007,001 - $1,343,000
$671,001 - $1,007,000
$537,001 - $671,000
$403,001 - $537,000
$268,001 - $403,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
49.3%
49.3%
30.1%
30.1%
2.0%
2.0%
1.8%
1.8%
1.4%
1.4%
9.8%
9.8%
2.8%
2.8%
0.5%
0.5%
2.3%
2.3%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

1,970

Carmel Valley Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,857 / per month

Homeownership Rate

Owners
Renters
79.5%
79.5%
20.5%
20.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.8%
15.8%
84.2%
84.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.3%
7.3%
33.2%
33.2%
51.3%
51.3%
8.2%
8.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.7%
79.7%
10.1%
10.1%
1.0%
1.0%
4.2%
4.2%
4.4%
4.4%
0.7%
0.7%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
6.9%
6.9%
28.1%
28.1%
35.2%
35.2%
24.1%
24.1%
3.3%
3.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Carmel Valley

Popular Communities Near Carmel Valley, CA

Zip Codes in Carmel Valley, CA