What percentage of people rent in Carmel, IN?

Name: Renters and owners in Carmel, IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

25.7% (±1.7 points) of the occupied homes in Carmel, IN are rented (2020–2024 American Community Survey).

That is 9,875 renting households against 28,551 that own their home.

In Carmel, the share of households that rent went from 24.4% in 2015–2019 to 25.7% in 2020–2024 (+1.3 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 25.7% (±1.7 points)
Renting households: 9,875 (±725)
Median renter income: $78,529 (±$8,225)

Who rents and who owns in Carmel

Tenure, estimate (90% margin of error)
	Carmel	Hamilton County	Indiana	United States
Renter-occupied share	25.7% (±1.7 points)	23.9% (±0.9 points)	29.4% (±0.3 points)	34.8%
Renting households	9,875 (±725)	32,836 (±1,361)	799,766 (±7,038)	45,017,354
Owning households	28,551 (±730)	104,416 (±1,333)	1,916,243 (±9,865)	84,210,142
Average renter household size	2.0 (±0.1)	2.2 (±0.1)	2.2 (±0.0)	2.3
Average owner household size	2.9 (±0.1)	2.8 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$78,529 (±$8,225)	$71,490 (±$4,051)	$42,811 (±$480)	$52,966
Median owner household income	$176,383 (±$9,352)	$143,304 (±$3,351)	$87,459 (±$395)	$100,009

In Carmel, the renter share is not measurably different from Hamilton County (23.9%).

It is also lower than in Indiana (29.4%).

It is lower than the national figure (34.8%).

In Hamilton County, Carmel ranks 6 of 17 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 475 of 1,600.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Carmel has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	24.4% (±1.1 points)	25.7% (±1.7 points)	+1.3 percentage points	Not a measurable change
Median gross rent	$1,207 (±$22)	$1,712 (±$47)	+41.8%	Up after inflation
Median household income	$112,765 (±$4,243)	$141,505 (±$6,599)	+25.5%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Carmel

Nearest places with a published estimate, compared with Carmel
Place	Distance	Households that rent	Compared with this place
Carmel	—	25.7% (±1.7 points)	—
Clay Township (Hamilton County)	0.0 mi	25.1% (±1.7 points)	Not measurably different
Williams Creek	4.5 mi	8.5% (±7.6 points)	Lower
Westfield	4.9 mi	20.5% (±2.6 points)	Lower
Meridian Hills	5.4 mi	2.8% (±2.5 points)	Lower
Washington Township (Marion County)	6.2 mi	43.2% (±1.6 points)	Higher
Westfield Washington Township	6.2 mi	20.9% (±2.6 points)	Lower
Delaware Township (Hamilton County)	6.5 mi	38.6% (±3.1 points)	Higher
North Crows Nest	6.9 mi	10.3% (±13.6 points)	Lower

Nearby places with a measurably lower figure: Williams Creek, IN (8.5%), Westfield, IN (20.5%), Meridian Hills, IN (2.8%).

Nearby places with a measurably higher figure: Washington Township (Marion County), IN (43.2%), Delaware Township (Hamilton County), IN (38.6%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Hamilton County, place by place

Rank	Place	Households that rent
1	Delaware Township (Hamilton County)	38.6% (±3.1 points)
2	Sheridan	35.0% (±10.7 points)
3	Arcadia	33.9% (±11.1 points)
4	Noblesville	28.8% (±2.5 points)
5	Wayne Township (Hamilton County)	27.1% (±6.5 points)
6	Carmel	25.7% (±1.7 points)
7	Noblesville Township	25.2% (±2.7 points)
8	Clay Township (Hamilton County)	25.1% (±1.7 points)
9	Fishers	23.8% (±2.3 points)
10	Adams Township (Hamilton County)	23.7% (±7.5 points)
11	Westfield Washington Township	20.9% (±2.6 points)
12	Westfield	20.5% (±2.6 points)

Showing 12 of 17 places in Hamilton County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Carmel

How many renters are there in Carmel?

Carmel has an estimated 9,875 (±725) renting households, 25.7% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Carmel?

In Carmel, the share of households that rent went from 24.4% in 2015–2019 to 25.7% in 2020–2024 (+1.3 percentage points), not a measurable change.

How big are renting households in Carmel?

A renting household in Carmel has 2.0 people on average, against 2.9 in an owned home.

How much do renters earn in Carmel?

The median renting household in Carmel, IN has an income of $78,529 (±$8,225) a year, against $176,383 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Carmel city, Indiana (place:10342, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.