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 Type | 1.70% |
| One Bedroom | 18.80% |
| Two Bedrooms | 30% |
| Three Bedrooms | 34.20% |
| Four Bedrooms | 12.90% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $78,500 |
| Median Price asked for vacant units | $60,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 49% |
| Debt Free | 39.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
