48723 Zip Code

April 19, 2024

Zip Code:	48723
City/Town:	Caro
State:	Michigan

Population:	12,479
Per Capita Income:	$21,213
Mean Household Income:	$54,606

Total Housing Units:	4,873
Median Home Value:	$87,300
Median Year Homes Built:	1967

Land Area:	129.1 sq miles 334.4 sq kilometers
Water Area:	3.6 sq miles 9.4 sq kilometers

Population Information (48723 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

12,479

Male:

6,239

50.0%

49.2%

Female:

6,240

50.0%

50.8%

Median Age:

42.6 yrs

37.2 yrs

Under 5 years:

689

5.5%

6.5%

5 to 9 years:

679

6.7%

6.6%

10 to 19 years:

1,645

13.2%

13.8%

20 to 29 years:

1,407

11.3%

13.8%

30 to 39 years:

1,416

11.3%

13.0%

40 to 49 years:

1,780

14.3%

14.2%

50 to 59 years:

1,921

15.4%

13.6%

60 to 69 years:

1,512

12.1%

9.4%

70 to 79 years:

816

6.5%

5.4%

80 years and over:

614

4.9%

3.7%

Housing Information (48723 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$87,300

$119,600

Median year homes build:

1967

1971

Median real estate taxes:

$1,007 / yr.

$1,334 / yr.

Median rent:

$339 / mo.

$519 / mo.

Total households:

4,873

Family households:

3,248

66.7%

66.4%

Nonfamily households:

1,625

33.3%

33.6%

Households with individuals under 18 years:

1,452

29.8%

33.4%

Households with individuals 65 years and over:

1,406

28.9%

24.9%

Average household size:

2.4

Average family size:

2.9

Total housing units:

5,409

Occupied housing units:

4,873

90.1%

88.6%

Vacant housing units:

536

9.9%

11.4%

For rent:

1.8%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

106

2.0%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

1.8%

3.5%

All other vacants:

212

3.9%

2.8%

Homeowner vacancy rate:

2.7%

2.4%

Rental vacancy rate:

8.1%

9.2%

Owner-occupied housing units:

3,757

Population in owner-occupied housing units:

9,292

Average household size of owner-occupied units:

2.5

2.65

Renter-occupied housing units:

1,116

Population in renter-occupied housing units:

2,421

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (48723 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

8,605

Less than 9th grade:

553

6.4%

6.2%

9th to 12th grade, no diploma:

1,121

13.0%

8.7%

High school graduate (includes equivalency):

3,245

37.7%

29.0%

Some college, no degree:

1,955

22.7%

20.6%

Associate degree:

603

7.0%

7.5%

Bachelor's degree:

679

7.9%

17.6%

Graduate or professional degree:

449

5.2%

10.3%

Percent high school graduate or higher:

80.5%

85.0%

Percent bachelor's degree or higher:

13.1%

27.9%

Income Information (48723 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

4,552

36.5%

50.4%

Median income:

$25,741 / yr.

$27,932 / yr.

Full-time, year-round workers:

2,023

16.2%

59.7%

Median income:

$36,444 / yr.

$38,349 / yr.

Females 15 years and over with income:

4,505

36.1%

49.6%

Median income:

$14,142 / yr.

$16,327 / yr.

Full-time, year-round workers:

1,478

11.8%

40.3%

Median income:

$27,441 / yr.

$28,135 / yr.

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