Sales Info

Carmichael Real Estate Market – Homes For Sale

MICHAEL D. REHM – (916) 469-7041

Here is some current information related to the real estate market in Carmichael:

Home Values

Carmichael’s median home value is $553,478. Its average rent is $2039 a month. Here is a breakdown of its home prices.

  • 6% of homes are under $70,000
  • 8% of homes are between 70,001 and $140,000
  • 3% of homes are between $14,001 and $281,000
  • 17% of homes are between $281,001 and $421,000
  • 2% of homes are between $421,001 and $562,000
  • 2% of homes are between $562,001 and $702,000
  • 2% of homes are between $702,001 and $1,054,000
  • 9% of homes are between $1,054,001 and 1,405,000
  • 8% of homes are over $1,405,000

Housing Market Details

Here is an idea of what you can expect to find when shopping the Carmichael housing market:

Age of Homes

  • 1939 or older: 2%
  • 1940 – 1969: 45.3%
  • 1970 – 1999: 48.3%
  • 2000 or newer: 4.3%

Types of Homes:

  • Single Family: 56.9%
  • Townhomes: 9.9%
  • Small Apartment Buildings: 10.1%
  • Apartment Complexes: 22.1%
  • Mobile Homes: .9%
  • Other: .1%

Home Size:

  • No Bedroom: 2.4%
  • 1 Bedroom: 11.3%
  • 2 Bedrooms: 28.9%
  • 3 Bedrooms: 37.2%
  • 4 Bedrooms: 16.7%
  • 5 or More Bedrooms: 3.4%

There are currently around 26,097 homes and apartments in the city. 53.1% of residents are homeowners, 46.9% are renters and 5.8% of properties are vacant.

Appreciation Rates

Home prices in Carmichael are relatively affordable, but how much of a profit can you stand to make when it’s time to sell?

Appreciation rates in the city have gone up by 151.80% between the first quarter of 2000 and the third quarter of 2021. This makes for an average annual rate of 4.34%. It ranks as 5 as compared to the rest of California and 9 as compared to the rest of the country in appreciation rates on a scale of 1-10.

The neighborhoods with the highest appreciation rates since 2000 are as follows:

  1. Tami Way/ Lincoln Ave.
  2. Mcclaren Dr./ Kingsford Dr.
  3. Arden Way/ Eastern Ave.
  4. Clark Ave./ Garfield Ave
  5. Manzanita Ave./ Winding Way
  6. Town Center
  7. Templeton Dr./ Hesper Way
  8. Winding Way/ Dewey Dr.
  9. Sutter Ave./ Marshall Ave.
  10. El Camino Ave./ Mission Ave.

 

For more an honest assessment on when is the right time to buy or sell in Carmichael, call Real Estate Agent Michael D. Rehm at (916) 469-7041.