Carmel (City), Indiana - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in Carmel (City), Indiana in February 2026 was $555,487.084. The month over month percentage change (MoM) was 0.25%, and the year over year percentage change (YoY) was 4.09%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for Carmel (City), IN. The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for Carmel (City), IN.

You can see similar information for other Indiana cities, and for Indiana.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Related Topics: Carmel, Indiana - Zillow House Inventory Topic List

Data Source: Zillow.

Carmel (City), IN - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)

Carmel (City), IN - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted

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Month	ZHVI ($)	MoM Perc. Change (%)	YoY Perc. Change (%)
Jan 2015	299094.03186451463	0.15	2.70
Feb 2015	299989.1163227625	0.30	2.94
Mar 2015	301123.9557251378	0.38	3.27
Apr 2015	302352.85039618483	0.41	3.42
May 2015	303339.0238534203	0.33	3.27
Jun 2015	304078.3600037519	0.24	3.02
Jul 2015	304642.67827617907	0.19	2.83
Aug 2015	305272.2125822063	0.21	2.81
Sep 2015	305836.8148008022	0.19	2.75
Oct 2015	306536.9267734561	0.23	2.83
Nov 2015	307157.9374028744	0.20	2.92
Dec 2015	307912.94937057735	0.25	3.10
Jan 2016	308442.9431829365	0.17	3.13
Feb 2016	308685.2651962922	0.08	2.90
Mar 2016	308668.298287923	0.00	2.51
Apr 2016	309182.78287282534	0.17	2.26
May 2016	310025.3305800092	0.27	2.20
Jun 2016	311011.9584768701	0.32	2.28
Jul 2016	311757.0667426441	0.24	2.34
Aug 2016	312401.93130771635	0.21	2.34
Sep 2016	313001.12593331956	0.19	2.34
Oct 2016	313765.77278642467	0.24	2.36
Nov 2016	314899.9161715285	0.36	2.52
Dec 2016	316445.81938283937	0.49	2.77
Jan 2017	317569.8666148211	0.36	2.96
Feb 2017	318513.9482592316	0.30	3.18
Mar 2017	319284.06049075996	0.24	3.44
Apr 2017	320734.5869683414	0.45	3.74
May 2017	322160.1473102876	0.44	3.91
Jun 2017	323461.47328869527	0.40	4.00
Jul 2017	324052.06206496066	0.18	3.94
Aug 2017	324396.2225046502	0.11	3.84
Sep 2017	324651.5471241249	0.08	3.72
Oct 2017	324993.0937278711	0.11	3.58
Nov 2017	325272.49365600245	0.09	3.29
Dec 2017	325678.17863107903	0.13	2.92
Jan 2018	326502.7686996351	0.25	2.81
Feb 2018	327734.56824163854	0.38	2.90
Mar 2018	329442.5881042854	0.52	3.18
Apr 2018	331031.63673629117	0.48	3.21
May 2018	332664.71640770533	0.49	3.26
Jun 2018	334014.0713363381	0.41	3.26
Jul 2018	335489.5425291672	0.44	3.53
Aug 2018	336706.5473800723	0.36	3.80
Sep 2018	337546.96141698916	0.25	3.97
Oct 2018	338079.3839256402	0.16	4.03
Nov 2018	338703.9477275814	0.19	4.13
Dec 2018	339394.7853745599	0.20	4.21
Jan 2019	340303.2176455315	0.27	4.23
Feb 2019	341439.64100266184	0.33	4.18
Mar 2019	342702.1888806214	0.37	4.03
Apr 2019	343797.3251678287	0.32	3.86
May 2019	344372.7336678075	0.17	3.52
Jun 2019	344954.004530932	0.17	3.28
Jul 2019	345389.06377006375	0.13	2.95
Aug 2019	346074.55423992046	0.20	2.78
Sep 2019	346932.30107768107	0.25	2.78
Oct 2019	348148.9219978086	0.35	2.98
Nov 2019	349693.3797164431	0.44	3.25
Dec 2019	351526.9174538567	0.52	3.58
Jan 2020	353775.51810286194	0.64	3.96
Feb 2020	355925.9380444582	0.61	4.24
Mar 2020	358121.42524413555	0.62	4.50
Apr 2020	360165.486515177	0.57	4.76
May 2020	361412.45463270514	0.35	4.95
Jun 2020	361958.4071515654	0.15	4.93
Jul 2020	362203.07112184336	0.07	4.87
Aug 2020	363613.45815766364	0.39	5.07
Sep 2020	366453.0408316767	0.78	5.63
Oct 2020	370460.11296427157	1.09	6.41
Nov 2020	375355.0701502632	1.32	7.34
Dec 2020	380351.7118200459	1.33	8.20
Jan 2021	385221.3862790412	1.28	8.89
Feb 2021	390273.39171204827	1.31	9.65
Mar 2021	396222.7347009421	1.52	10.64
Apr 2021	402791.01827352896	1.66	11.84
May 2021	410162.3706393814	1.83	13.49
Jun 2021	416783.20721723646	1.61	15.15
Jul 2021	421836.67579823796	1.21	16.46
Aug 2021	424415.1852255128	0.61	16.72
Sep 2021	425848.53663479653	0.34	16.21
Oct 2021	429004.0771816031	0.74	15.80
Nov 2021	434095.74750045943	1.19	15.65
Dec 2021	440584.35405683424	1.50	15.84
Jan 2022	447508.94487127545	1.57	16.17
Feb 2022	455666.0249354215	1.82	16.76
Mar 2022	464898.6699588418	2.03	17.33
Apr 2022	474538.0823315859	2.07	17.81
May 2022	483126.22095195454	1.81	17.79
Jun 2022	489916.75303028926	1.41	17.55
Jul 2022	493101.57743758446	0.65	16.89
Aug 2022	493052.7537875117	-0.01	16.17
Sep 2022	490828.4458000702	-0.45	15.26
Oct 2022	489309.8226051351	-0.31	14.06
Nov 2022	488747.66212615784	-0.11	12.59
Dec 2022	489417.37726227613	0.14	11.08
Jan 2023	489724.07851586724	0.06	9.43
Feb 2023	490457.4068879457	0.15	7.64
Mar 2023	491097.89109683875	0.13	5.64
Apr 2023	493058.76969437517	0.40	3.90
May 2023	496105.411414394	0.62	2.69
Jun 2023	500194.52163837483	0.82	2.10
Jul 2023	504296.6459469802	0.82	2.27
Aug 2023	507325.33549853583	0.60	2.90
Sep 2023	509323.0524352079	0.39	3.77
Oct 2023	509818.8358551732	0.10	4.19
Nov 2023	509670.1839121562	-0.03	4.28
Dec 2023	509742.1386818299	0.01	4.15
Jan 2024	510750.80166775367	0.20	4.29
Feb 2024	512988.8927313459	0.44	4.59
Mar 2024	516454.7410328023	0.68	5.16
Apr 2024	520271.42895012646	0.74	5.52
May 2024	523087.3460097855	0.54	5.44
Jun 2024	524394.4617623858	0.25	4.84
Jul 2024	524607.2494338906	0.04	4.03
Aug 2024	525007.9133212811	0.08	3.49
Sep 2024	525399.9665552694	0.08	3.16
Oct 2024	526589.9506787236	0.23	3.29
Nov 2024	527980.8977999532	0.26	3.59
Dec 2024	529954.5040089559	0.37	3.97
Jan 2025	531873.9875508059	0.36	4.14
Feb 2025	533660.2125942005	0.34	4.03
Mar 2025	534590.9317989239	0.17	3.51
Apr 2025	534973.8928392021	0.07	2.83
May 2025	534758.0265742025	-0.04	2.23
Jun 2025	535203.5512951914	0.08	2.06
Jul 2025	537324.4501371313	0.40	2.42
Aug 2025	540481.5259001408	0.59	2.95
Sep 2025	544269.5703874315	0.70	3.59
Oct 2025	547511.749172409	0.60	3.97
Nov 2025	550337.3933311278	0.52	4.23
Dec 2025	552572.5788675903	0.41	4.27
Jan 2026	554118.2268249564	0.28	4.18
Feb 2026	555487.08369908	0.25	4.09