As California’s #1 Retail Mortgage Lender, our Carmichael mortgage brokers work together to make your home financing feel like a win. From fast mortgage pre-approvals to finding the perfect home loan program, we’re dedicated to one thing: You.
Carmichael: Economic Profile & Market Outlook
Located in Sacramento County, Carmichael presents a compelling case for residents and investors alike. This profile highlights the essential economic, real estate, and lifestyle metrics defining the local market.
📉 Economic Landscape & Business Vibe
- Maj Employers: State of California, UC Davis Health, Intel, Kaiser
- Clusters: Government, Health-Tech, Cleantech, Education
- Unempl Rate (2025): 4.9%
- Pop: Sized locally (Varies)
- Med Age: 36.8
- Household Income Trend: $82,000 (H1 2024-2025 avg)
🏠 Real Estate Market & Cost of Living
For prospective homeowners and investors, here is the current market snapshot:
- Median Home Price (2025): $540,000
- Inventory Trends: Stable (Balanced)
- Prop Tax Environment: 1.25% (Average Effective). Avg Cost of Living: ~5-10% below state average (Moderate, favorable relative to coastal hubs).
🎓 Education & Family Suitability
Families prioritizing education will find Carmichael to be a strategic choice:
- Local Public High | 9-12 | 7/10 | Public
- Community School | K-8 | 7/10 | Public
- Saint Marys | K-12 | 8/10 | Private
Family Appeal: High. Offers stable school districts and a family-centric suburban environment.
🌟 Lifestyle, Culture & Safety
Points of Interest: Local Nature Park (N), Community Commercial District (C)
Vibe & Safety: Scenic, low-density foothills offering high safety and established, stable vibes. Concentration of safety found in established residential pockets.
- Healthcare: UC Davis Health, Sutter Health
- Public Transit: SacRT
- Utility Providers: SMUD (Electric), PG&E (Gas)
Data sources: California Association of Realtors, US Census Bureau, GreatSchools, and local municipal reports (2024-2026).
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Current Mortgage Rates
Feb 24, 2026
| Program | Rate | APR |
|---|---|---|
| 30-Yr Purchase | 5.375% | 5.397% |
| 30-Yr Refinance | 5.625% | 5.641% |
| 30-Yr FHA Purchase | 5.125% | 5.675% |
| 30-Yr VA Purchase | 5.250% | 5.368% |
| 15-Yr Purchase | 5.000% | 5.038% |
| 15-Yr Refinance | 5.250% | 5.296% |
| 10/6 ARM Purchase | 5.875% | 5.883% |
| 7/6 ARM Purchase | 5.750% | 5.753% |
Rates subject to change. Get Quote