Carleton, Michigan.
Typical home $333,990 (+7.4% in a year). Monroe, MI metro.
to buy the typical home at today's mortgage rate — +$954 (+119%) since Jan 2020.
- 1 year
- Up $23,137 +7%
- $310,853$333,990 since Sep 2025
- 5 years
- Up $75,178 +29%
- $258,812$333,990 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Carleton$1,753
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Carleton, MI rose 7.4% over the past year — faster than the nation's +1.2%.
Living in Carleton, Monroe County, Michigan
Carleton is a village of 2,326 people in Monroe County. Half its households earn more than $73,365 a year and half less, against $77,335 across Monroe County; 8% of its people live below the poverty line. 79% of its homes are lived in by their owners and 21% are rented. Unemployment in Monroe County was 5.0% in August 2026, and the county had 1.4% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Carleton is a small village in Monroe County, where most homes are lived in by their owners and a typical home is worth a good deal. Incomes run a little below the county's, and relatively few adults hold a four-year degree. Winters are cold, with January the coldest month and plenty of snow, and summers turn warm in July, with a fair amount of rain and melted snow through the year.
Work. Residents work mainly in manufacturing, in schools, hospitals and social care, in shops, and in the building trades. Across Monroe County, some of the largest workplaces are DTE Energy, Monroe Regional Hospital and Monroe Public Schools. Unemployment in the county has eased a little over the past year, though there are slightly fewer jobs than there were, and the typical commute is a fairly long one.
Things to do. Most of what draws people out is a longer drive away, mainly in and around Detroit. The Detroit River is the best known of these, along with Ford Field, a stadium, and the Detroit Institute of Arts, a museum.
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- 970households
- 11%of adults have a degree
- 8%below the poverty line
- 31 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Monroe County had 40,577 jobs in 2025, 1.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 17°; warmest in July, with highs near 84° and lows near 62°. About 35 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Carleton 2W weather station, 2 miles away (NOAA).
Largest workplaces in Monroe County
- DTE EnergyNuclear electric power distibution781
- Monroe Regional HospitalGeneral hospital741FTE
- Monroe Public SchoolsSchool district723FTE
- StellantisManufacturing623
- Ford Motor CompanyWrapping machinery manufacturing591
- Monroe ISDSchool district569FTE
- Gerdau - Monroe MillElectrometallurgical steel manufacturing561
- YanfengMotor vehicle interior systems manufacturing540
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 113 workplaces with 20 or more staff, 14,506 people in all across the county; Carleton has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- TornadoesRelatively high
- Ice stormsRelatively moderate
- HailRelatively moderate
- Cold wavesRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Carleton’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Monroe County and the Monroe, MI metro.
Carleton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Carleton$333,990
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 4 Carleton listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Carleton26.04%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Carleton26
New listings per month
Sellers arriving at the market.
- Carleton12
Zip codes with a Carleton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Carleton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.