Zip 48723 (Caro, MI) Housing

Housing in 48723 Caro, MI is valued at a median of $142,500. This is significantly lower than the US House Median Value of $338,100. However, Caro has seen a higher rate of appreciation year-over-year at 9.81%, compared to the national average of 8.27%. This indicates that housing in Caro is becoming more valuable and desirable over time.

The median home cost in Caro (zip 48723) is $142,500. Home appreciation the last 10 years has been 84.9%. Home Appreciation in Caro (zip 48723) is up 14.8%.

Average Age of Homes

- The median age of Caro (zip 48723) real estate is 45 years old

The Rental Market in Caro (zip 48723)

- Renters make up 21.8% of the Caro (zip 48723) population
- 0.7% of houses and apartments in Caro (zip 48723), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Caro, Michigan	United States
	5,274.0	139,647,020.0
	48	42
	$142,500	$338,100
	14.8%	16.6%
	62.1%	57.0%
	84.9%	101.1%
	$16.85	$10.98
	$1,724	$2,690
	74.0%	57.4%
	5.9%	11.2%
	20.1%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	1.3%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	8.1%	2.6%
	4.9%	2.4%
	10.1%	2.8%
	13.5%	3.9%
	11.8%	4.5%
	22.3%	11.3%
	13.8%	13.0%
	11.5%	20.1%
	2.2%	13.6%
	0.5%	8.3%
	0.6%	9.7%
	0.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.6%	13.6%
	9.6%	13.6%
	13.2%	13.6%
	11.1%	13.2%
	19.3%	14.8%
	13.2%	13.6%
	11.1%	10.0%
	10.0%	4.7%
	14.2%	12.2%

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