| ZIP Code | 48723 |
|---|---|
| City | Caro |
| State | Michigan (MI) |
| County | Tuscola County |
| Area Code | 989 |
| Elevation | 699 ft |
| Latitude | 43.487517 |
|---|---|
| Longitude | -83.384739 |
| Timezone | Detroit (DST) |
| FIPS | 26157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.0 yrs |
|---|---|
| Avg Household Size | 2.39 |
| Below Poverty | 19.0% ▲ 90% above avg |
| College Grads | 29.7% ▼ 23% below avg |
| Unemployment | 7.0% ▲ 43% above avg |
| No HS Diploma | 64 (0.8%) |
| HS Graduate | 3,768 (46.2%) |
| Some College | 918 (11.3%) |
| Associates | 980 (12%) |
| Bachelors | 895 (11%) |
| Graduate Degree | 1,530 (18.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $56,618 ▼ 26% below avg ↑ 17% since 2019 |
|---|---|
| Median Home Value | $131,300 ▼ 53% below avg ↑ 40% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $737/mo ↑ 5% since 2019 |
| Total Units | 5,175 |
| Vacant Units | 401 |
| Avg HH Size | 2.39 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 5,175 |
|---|---|
| Vacant | 401 |
| Owner Occupied | 79.5% |
| Renter Occupied | 20.5% |
| Avg HH Size | 2.39 |
ZIP code 48723 is located in Caro, Michigan, within Tuscola County. With a population of 11,960, this is a lightly populated ZIP code with a mature community — the median age is 45 years. Economically, 48723 is a solidly middle-class ZIP code: the median household income of $56,618 is below the national average.
Real estate in ZIP code 48723 represents one of the more affordable housing markets in the country. The median home value of $131,300 is well below the national average. Renters can expect to pay around $737 per month in median rent. Homeownership is strong here — 79.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 40% since 2019.
The population of 48723 is primarily White (90.94%). Residents are moderately educated — 29.7% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 19.0%. Household income has grown by 17% since 2019.
The unemployment rate in 48723 stands at 7.0%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 48723 in Caro, MI is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 11,960 residents, a median household income of $56,618, and a median home value of $131,300, it offers a clear picture of life in this part of Michigan.