Similar to the surrounding areas, it is substantially more expensive compared to the entire country. Compared to the city of Oakland however, it is significantly less expensive.
Home prices
The value of the median home in Carmichael is $380,200. It is roughly $17,500 (4%) higher compared to nearby areas.It is roughly $162,700 (74%) higher compared to the entire nation, and is about $307,200 (44%) lower compared to the city of Oakland.
Rents
Carmichael's median rent is $1,178 a month. In comparison to nearby areas this is approximately $148 (11%) lower.It is approximately $116 (10%) higher in comparison to the nation as a whole, and is about $267 (18%) lower compared to the city of Oakland.
Nearby places
Arden-Arcade
Arden-Arcade is Carmichael's neighbor to the southwest. The real estate prices there are fairly similar. The median home in Arden-Arcade costs $367,700, which works out to $12,500 (3%) lower than Carmichael. Its rents are a bit less expensive. Arden-Arcade's median monthly rent is $1,080, which works out to $98 (9%) lower than Carmichael.
North Highlands
North Highlands is Carmichael's neighbor to the northwest. The housing prices there are significantly less expensive. The median home in North Highlands is valued at $217,500, which comes out to $162,700 (74%) lower than Carmichael. Rent there is somewhat less expensive. In North Highlands the median rent is $1,120 a month, which is $58 (5%) lower than Carmichael.
Fair Oaks
Fair Oaks is Carmichael's neighbor to the east. The housing prices there are somewhat more expensive. Fair Oaks's median home cost is $476,100, which works out to $95,900 (20%) higher than Carmichael. Rent there is a little more expensive. The median rent in Fair Oaks is $1,339 per month, which works out to $161 (12%) higher than Carmichael.
Foothill Farms
Foothill Farms is Carmichael's neighbor to the north. Its housing prices are significantly less expensive. The median home cost in Foothill Farms is $252,900, which comes out to $127,300 (50%) lower than Carmichael. Its rents are similar. The median rent in Foothill Farms is $1,218 per month, which is $40 (3%) higher than Carmichael.
Gold River
Gold River is approximately 3 miles east from Carmichael. Its real estate prices are a little more expensive. The value of the median home in Gold River is $499,300, which comes out to $119,100 (23%) higher than Carmichael. Its rents are significantly more expensive. The median rent in Gold River is $1,874 per month, which comes out to $696 (37%) higher than Carmichael.
