Carmel vs South Bend: Housing
| Carmel | South Bend | |
|---|---|---|
| Median Home Value | $486,800 | $140,400 |
| Median Gross Rent | $1,712/mo | $1,033/mo |
| Homeownership Rate | 74.3% | 60.2% |
| Rent as Share of Income | 14.5% | 22.2% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.