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Affordable
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These days, finding an affordable place to live in the Caro area can be challenging. Home prices in Caro are now at a median cost of $128,838, lower than the Michigan average of $250,415.
The average cost of rent is $840/mo in Caro, primarily driven by the current value of real estate in the Caro area. In Caro, 21.61% of households rent, and 53.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Caro is $4,438 per month. Households that rent pay about 18.92% of their income on rent here. Caro’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wahjamega, MI: equally priced homes
- East Dayton, MI: higher priced homes
- Watrousville, MI: higher priced homes
- Colling, MI: higher priced homes
- Colwood, MI: higher priced homes
- Wilmot, MI: higher priced homes
- DeFord, MI: higher priced homes
- Mayville, MI: higher priced homes
- Akron, MI: less expensive homes
- Fairgrove, MI: less expensive homes
Cities with Similar Populations
- Socorro, NM: higher priced homes
- Cape Canaveral, FL: higher priced homes
- Cape Elizabeth, ME: higher priced homes
- Cape St. Claire, MD: higher priced homes
- Capitola, CA: higher priced homes
- Carl Junction, MO: higher priced homes
- Live Oak, CA: higher priced homes
- Carthage, NC: higher priced homes
- Winnsboro, LA: less expensive homes
- Lizella, GA: higher priced homes
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