48723 ZIP Code – Caro, Michigan
Located in Caro, Michigan, ZIP code 48723 is a mid-sized ZIP code within Tuscola County with a population of approximately 12,389 residents. At $56,116, the median household income here runs below the Michigan average and below the U.S. average. At $116,300, median home values run well below the national average, with 80.4% owner-occupied housing (increasing). , and the median rent of $740 is below the national average. Housing consists of 77% single-family (increasing), 8% apartments (increasing).
The area reports an unemployment rate of 7.0%, above the national average. The poverty rate of 19.4% is above the U.S. average. An estimated 18.1% of adults hold a bachelor's degree or higher, below the national average. The median age is 45.0, near the national median. The surrounding area includes ZIP codes 48744, 48729, 48733.
ZIP Code 48723 Data
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ZIP 48723 vs. Michigan vs. U.S.
| Metric | ZIP 48723 | MI Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 12k | 10k | 10k |
| Median Household Income | $56k | $68k | $73k |
| Median Home Value | $116k | $190k | $258k |
| Median Rent | $740 | $949 | $1,088 |
| Median Age | 45.0 | 44.7 | 43.2 |
| Unemployment Rate | 7.0% | 5.6% | 5.0% |
| Poverty Rate | 19.4% | 12.5% | 13.3% |
| Bachelor's Degree or Higher | 18.1% | 25.8% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 48744 – Mayville
- 48729 – Deford
- 48733 – Fairgrove
- 48701 – Akron
- 48741 – Kingston
- 48767 – Unionville
- 48768 – Vassar
- 48760 – Silverwood
- 48726 – Cass City
- 48735 – Gagetown
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 48744 | MAYVILLE | 4,326 | $55,116 |
| 48729 | DEFORD | 1,478 | $57,813 |
| 48733 | FAIRGROVE | 1,573 | $50,000 |
| 48701 | AKRON | 1,268 | $58,239 |
| 48741 | KINGSTON | 2,043 | $59,327 |