What income do you need to buy a house in Carmel-by-the-Sea, CA?
It takes about $625,000/yr to afford the typical Carmel-by-the-Sea, CA home ($2.44M, +5.4% past year) at today's rates. Starter homes run around $1.45M. See if you can afford a house in Carmel-by-the-Sea (2026 data) — free, no signup.
Market snapshot (2026-07)
- Income needed to buy the typical home: about $625,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, CA property tax and insurance)
- Typical home value: $2.44M (Zillow ZHVI, 2026-07)
- 1-year change: +5.4%
- Bottom 35% of homes: $1.45M
- Top 35% of homes start around: $4.17M
- Typical rent: $5,443/mo
- Median household income: $129K
- Price-to-income ratio: 18.8
- Estimated payment on the typical home: $12,649/mo principal & interest (20% down, 6.76% 30-yr fixed)
Nearby housing markets
The most affordable cities to buy a house in California
Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.
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