Caro, Michigan.
Typical home $182,228 (+4.7% in a year).
to buy the typical home at today's mortgage rate — +$538 (+128%) since Jan 2020.
- 1 year
- Up $8,187 +5%
- $174,041$182,228 since Sep 2025
- 5 years
- Up $36,064 +25%
- $146,164$182,228 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.
- Caro$956
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Caro, MI rose 4.7% over the past year — faster than the nation's +1.2%.
Living in Caro, Tuscola County, Michigan
Caro is a city of 4,328 people in Tuscola County. Half its households earn more than $41,595 a year and half less, against $63,811 across Tuscola County; 29% of its people live below the poverty line. 64% of its homes are lived in by their owners and 36% are rented. Unemployment in Tuscola County was 5.6% in August 2026, and the county had 0.4% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
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 It can be wrong or out of date.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. Caro is a small city and the seat of Tuscola County, in Michigan's Thumb region. Household incomes here run well below the county's, and more residents live below the poverty line than you might expect for a town this size. Most homes are lived in by their owners, and relatively few adults hold a four-year degree. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest.
Work. Residents work mainly in schools, hospitals and social care, followed by shops, manufacturing, and restaurants, hotels and entertainment. Among the largest workplaces in Caro are Walmart, Caro Community Schools and Caro Community Hospital. Commutes are fairly short, and very few people work from home.
Things to do. For time outdoors, Bay City State Park is a protected area on the shore, a longer drive away, and the Flint River and the Saginaw River are both a longer drive away as well. For something indoors, the USS Edson is a museum ship, also a longer drive away, and the Temple Theatre is a theatre in the same range.
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- 1,945households
- 16%of adults have a degree
- 29%below the poverty line
- 19 mintypical commute
- 4%work from home
What residents work in
Employed residents by industry, from the Census survey. Tuscola County had 12,153 jobs in 2025, 0.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 29° and lows near 15°; warmest in July, with highs near 82° and lows near 60°. About 42 inches of snow and 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Caro Wwtp weather station, under a mile away (NOAA).
Largest workplaces in Caro
- WalmartWarehouse clubs and supercenters318
- Tuscola County Medical Care FacilitySkilled nursing facilities286
- Caro Community SchoolsSchool district275FTE
- Michigan Sugar CompanyGranulated beet sugar manufacturing222
- Caro Community HospitalCritical access hospital71FTE
- CSIG Shared Services GroupResidential property managing35
- CaroMail and parcel delivery22
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 1,001 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); 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 windVery high
- Winter weatherVery high
- Cold wavesVery high
- Inland floodingVery high
- TornadoesRelatively high
- Ice stormsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Caro’s census tracts, against the rest of the country; all of them together, relatively high. 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 Tuscola County.
Caro home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Caro$182,228
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 4 Caro listings — the market is cooling.
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.
- Caro22.41%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Caro47
New listings per month
Sellers arriving at the market.
- Caro17
Zip codes with a Caro address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Caro — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.