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Lake Carmel, NY

Full City Profile · New York · Putnam County County

4.1 /5.0
A Great
8,090 Population 1,547/sq mi density
$121,402 Median Income $48,205 per capita
$357,500 Home Value $512,017 Zillow
$1,479 Median Rent 39.2% income on rent
48°F Avg Temperature 271 sunny days/yr
A
Overall
4.1 / 5.0
Strong
A+
Economy
4.9 / 5.0
$121,402 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$357,500 home value, $1,479/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A
Education
4.1 / 5.0
39.1% bachelor's degree or higher

Housing Overview

Median Home Value
$357,500
27% above
US avg: $281,900
Median Rent
$1,479/mo
27% above
US avg: $1,163/mo
Homeownership Rate
86.8%
33% above US avg (65.4%)
Total Housing Units
3,106
Median year built: 1955

Home Value by Source

Census Median
$357,500
Zillow (ZHVI)
$512,017
Median Sale Price
$420,000
Median List Price
$708,888
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

86.8%
Owner-Occupied
13.2%
Renter-Occupied
87%
13%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Census median rent: $1,479/mo

Market Indicators (Redfin)

Median Days on Market
45 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
22.2%
of listings with price reduction
Price Per Sq Ft
$356
Active Inventory
9
homes for sale

Affordability & Housing Stock

Rent Burden
39.2%
of renters spending 30%+ of income on housing
26% above US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
86.8%

Complete Housing Data

Home Values

Census Median Value$357,500
Zillow Home Value (ZHVI)$512,017
Median Sale Price$420,000
Median List Price$708,888
Price Per Sq Ft$356

Rent

Census Median Rent$1,479
FMR Studio$1,215
FMR 1-Bedroom$1,315
FMR 2-Bedroom$1,579
FMR 3-Bedroom$1,976
FMR 4-Bedroom$2,193

Market

Days on Market45
Sale-to-List Ratio1.0%
Price Drops22.2%
Homes Sold3
Active Inventory9
Price Per Sq Ft$356

Ownership & Stock

Owner-Occupied86.8%
Renter-Occupied13.2%
Homeownership Rate86.8%
Total Housing Units3,106
Median Year Built1955
Rent Burden39.2%