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Caro, MI Real Estate


According to census data in the year 2000 there were 1,887 housing units in Caro. This represents a 5.7% growth from 1,785 in 1990.

Of those housing units, 1,858 were located in either urbanized areas or urban clusters, and 29 were located in what is classified as a rural area.

Homeownership rate in Caro is about 63.3%. Caro's vacancy rate, including seasonal lodging, is about 8.2%. Average household size is 2.28 people.

The majority of houses, apartments or condos in Caro were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom18.80%
Two Bedrooms30%
Three Bedrooms34.20%
Four Bedrooms12.90%
Five Bedrooms or more2.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1946
Median Value of occupied units$78,500
Median Price asked for vacant units$60,000

Rented Homes, Apartments and Condos

Average Household Size1.86
Median year structure was built1966
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.40%
Home Equity Loan6.90%
Simple Mortgage49%
Debt Free39.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%