48723
Caro, Michigan.
Caro, Tuscola County, MI · population 11,678
to buy the typical home at today's mortgage rate — +$533 (+125%) since Jan 2020.
- 1 year
- Up $7,721 +4%
- $175,092$182,813 since Sep 2025
- 5 years
- Up $35,265 +24%
- $147,548$182,813 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.
- 48723$960
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in zip 48723 rose 4.4% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Caro, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48723
Mid-tier homes, smoothed and seasonally adjusted.
- 48723$182,813
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 9.6 | 48744 | Mayville | 4,460 | — | $189,358 |
| 10.4 | 48729 | Deford | 1,555 | — | $187,322 |
| 10.7 | 48701 | Akron | 1,399 | — | $126,782 |
| 10.8 | 48733 | Fairgrove | 1,648 | — | $161,125 |
| 11.3 | 48767 | Unionville | 2,043 | — | $141,577 |
| 11.7 | 48741 | Kingston | 2,107 | — | $205,406 |
| 12.5 | 48768 | Vassar | 9,109 | — | $197,770 |
| 13.1 | 48760 | Silverwood | 1,204 | — | $87,888 |
| 13.7 | 48726 | Cass City | 5,872 | — | $178,699 |
| 13.8 | 48735 | Gagetown | 933 | — | $165,795 |
| 14.8 | 48757 | Reese | 3,708 | — | $221,740 |
| 16.1 | 48727 | Clifford | 958 | — | $213,281 |
| 16.4 | 48426 | Decker | 1,317 | — | $190,220 |
| 16.5 | 48435 | Fostoria | 2,547 | — | $218,098 |
| 16.6 | 48759 | Sebewaing | 3,452 | — | $149,369 |
| 17.2 | 48746 | Millington | 8,222 | — | $232,577 |
| 18.6 | 48754 | Owendale | 1,044 | — | $168,278 |
| 18.8 | 48464 | Otter Lake | 2,152 | — | $236,663 |
| 19.0 | 48747 | Munger | 1,549 | — | $221,379 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.