Area Insights of 93921, Carmel by the Sea, CA

Stay ahead with market trends and local insights that matter.

Demand Insights

The market maintains its steady pace indicating a consistent buyer interest. A total of 8 homes were sold with 6 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

93921, Carmel by the Sea, CA

Date

05-01-2023

Price Ratio

99%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

No schools available

Middle School

No schools available

High School

No schools available

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population decrease of 21% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (620)
280 Male
340 Female
Education
3% High School
3% Associate
54% Bachelor
30% Graduate
Age

Average Age is 65 Years

Household Details

The area's household landscape is diverse, with 55% owner-occupied homes and 45% renter-occupied properties. Family households represent 43% of the population, indicating a strong community focus on family living. The average home value stands at $990,725, which suggests ample demand for multi-bedroom properties.

Total Households
372
Average home value
$990,725
Owned
55%
Rented
45%
Vacant
41%
Families
43%
Married
42%
With children
11%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 3% Asian, 0% Black, and 0% Native residents, alongside 90% White and 6% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 37% of households earning over $100,000 annually, while 31% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
5%
Healthcare
10%
Professional
12%
Education
17%
Services
10%
Labor
5%
Retail
24%
Other
18%
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