HomeIndianaHamilton CountyCarmel
Carmel, Indiana: commercial real estate data.
Carmel is a Census city of 101,651 people across 49.09 square miles of land, in Hamilton County. Median household income is $141,505, 74.3 percent of occupied homes are owned, and the SBA record carries 280 7(a) approvals to borrowers here worth $139.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Carmel
What Carmel is
- Census place typecity
- Land area49.09 sq mi
- Water area1.08 sq mi
- Population per square mile of land2,071
- County holding the largest share of its areaHamilton County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carmel
How many people live in Carmel
- Population101,651
- Median age40.6
- Population under 1824,900
- Share under 1824.5 percent
- Population 65 and over14,993
- Share 65 and over14.7 percent
- Households38,426
- Family households27,945
- Share of households that are families72.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carmel
Income and work in Carmel
- Median household income$141,505
- Per capita income$73,549
- Civilian labor force55,625
- Employed54,101
- Unemployed1,524 plus or minus 423
- Unemployment rate2.7 percent plus or minus 0.8
- Adults 25 and over68,401
- Adults 25 and over with a high school diploma or higher97.8 percent
- Adults 25 and over with a bachelor degree or higher74.4 percent
- Adults 25 and over with a graduate degree31.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carmel
Housing in Carmel
- Housing units40,859
- Occupied units38,426
- Vacant units2,433
- Vacancy rate6.0 percent
- Owner occupied28,551
- Renter occupied9,875
- Ownership rate74.3 percent
- Median owner-occupied home value$486,800
- Median gross rent, monthly$1,712
- Annual rent as a share of median income14.5 percent
- Single family units30,854
- Share single family75.5 percent
- Units in buildings of two or more9,908
- Share in buildings of two or more24.2 percent
- Mobile homes97 plus or minus 81
- Median year structure built1998
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carmel
How Carmel gets to work
- Workers 16 and over who commute38,897
- Commuting under 15 minutes10,398
- Share commuting under 15 minutes26.7 percent
- Commuting 30 minutes or more14,658
- Share commuting 30 minutes or more37.7 percent
- Drove alone66.6 percent
- Carpooled4.0 percent plus or minus 0.8
- Public transport0.0 percent
- Walked1.2 percent plus or minus 0.4
- Worked from home27.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carmel
SBA loans in Carmel (7(a))
- Approvals280
- Gross approval$138,954,000
- Average approval$496,264
- Median approval$199,000
- Ninetieth percentile approval$1,350,150
- Largest approval$5,000,000
- Jobs supported2,870
- Jobs per approval10.3
- Loans with a final outcome55
- Paid in full53
- Charged off2
- Charge-off rate over resolved loans3.6 percent
- Median term120 months
- Share on real estate terms of 20 years or more5.7 percent
- Share to franchises26.4 percent
- Distinct lenders56
- Distinct industries by NAICS112
Counted by borrower city: approvals to borrowers whose address is in Carmel, in any county, FY2020 to FY2026.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Carmel
SBA loans in Carmel (504)
- Approvals45
- Gross approval$31,648,000
- Average approval$703,289
- Median approval$505,000
- Largest approval$2,569,000
- Jobs supported527
- Loans with a final outcome14
- Charged off0
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Carmel, in any county, FY2010 to FY2026. Only 14 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Carmel
Flood risk in Carmel
- NFIP communityCity of Carmel
- NFIP community number180081
- Participating in the NFIPYes
- Community Rating System classClass 8
- Currently effective map date11/19/14
The City of Carmel participates in the National Flood Insurance Program as community 180081 and carries Community Rating System class 8, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Hamilton County, not Carmel
Hamilton County context, not Carmel figures
- Establishments in Hamilton County10,446
- Covered employment, Hamilton County163,937
- Average annual pay, Hamilton County$74,787
- Housing units permitted, Hamilton County4,561
Every figure in this section is published for Hamilton County as a whole and is not a measurement of Carmel.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Carmel questions, answered from the record.
How many people live in Carmel, Indiana?
101,651, in 38,426 households. Carmel city covers 49.09 square miles of land, which is 2,071 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Carmel in?
Hamilton County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Carmel?
$141,505. The median owner-occupied home is valued at $486,800. Median gross rent is $1,712 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Carmel businesses?
280 7(a) approvals totaling $139.0 m since FY2020, across 56 lenders, median approval $199,000, plus 45 504 approvals worth $31.6 m since FY2010. These count approvals to borrowers whose address is in Carmel, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Carmel borrowers get paid back?
Of the 55 loans that have reached a final outcome, 53 were paid in full and 2 charged off, a charge off rate of 3.6 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Carmel in the National Flood Insurance Program?
Yes. Carmel appears in the FEMA Community Status Book as Carmel, city of, community 180081, carrying Community Rating System class 8, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Carmel figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hamilton County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Carmel.
Is zoning published for Carmel?
No. Nothing on this page presents parcel level zoning.
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