| CARMEL HOME VALUES | City | U.S. |
| Median home value | $401,600 | $217,200 |
| % Owner-occupied | 77.0% | 66.2% |
| % Vacant | 3.6% | 9.0% |
| Rental | 19.4% | 24.8% |
In April, 1837 the town of Bethlehem was laid out with a total of fourteen lots. The area, previously inhabited by Miami Indians, soon became inhabited by Quakers. That year, the first General Store was constructed. The town's first school house and post office were raised near the town's crossroads in 1845 and 1846. In 1874, a vote of the town's 45 residents changed the town's name to "Carmel."
Today, Carmel is a very affluent Indianapolis suburb noted for its many roundabouts.
A new water park and mega-fitness center in Carmel's Central Park opened in 2007. The Outdoor Aqua Park consists of two water slides, a drop slide, a diving board, a lazy river, and a kiddie pool. The fitness center consists of an indoor lap pool, a recreation pool with its own set of water slides, gymnasium, 1/8 mile indoor running track, and the Kids Zone childcare.
Carmel offers great shopping and dining experiences, such as those you will find in the Clay Terrace shopping center.
Carmel's newly-established Arts and Design District, designed to promote small business, is located near the center of old town Carmel. Soon to open is the Carmel City Center, which will feature 400,000 square feet of retail space, restaurants and office space. Its centerpiece is the 500-seat performing arts theater, outdoor amphitheater and 1,600-seat performance hall.
The Monon Trail is a bicycle trail that is part of the Rails-to-Trails movement. It runs from 10th near downtown Indianapolis through Broad Ripple and then crosses into Carmel at 96th to 146th Streets.
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