Market Overview
Home Prices in Carmel, ME
The median home value in Carmel, ME is $338,761 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carmel are priced17% below average. Carmel is part of the Bangor, ME metro area.
Over the past five years, Carmel home values have risen by approximately33.4%, reflecting strong long-term appreciation in this market.
Price History
Carmel Home Price Trend
City Comparison
Carmel vs. National Median
At $338,761, homes in Carmel cost 17% below the national median of $410,000. This makes Carmel a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Carmel?
20% Down Payment
$67,752
on $338,761
Monthly P&I
$1,767/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,244/mo
incl. taxes & insurance
Income Needed
$89,760
gross annual (30% rule)
10% Down Option
$33,876
+ PMI applies
Loan Amount (20% dn)
$271,009
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Carmel, ME?
The median home value in Carmel is $338,761 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Carmel?
Over the past year, home values in Carmel have increased by 1.4%. Over five years, prices have risen approximately 33.4%.
How much do I need to earn to buy a home in Carmel?
To comfortably afford the median home price of $338,761 with a 20% down payment ($67,752) at today's rates (6.8%), you'd need a gross annual income of approximately $89,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Carmel compare to the national average home price?
The national median home value is approximately $410,000. At $338,761, homes in Carmel are 17% below the national average.
What metro area is Carmel part of?
Carmel is part of the Bangor, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.