What percentage of people rent in Caro, MI?

Name: Renters and owners in Caro, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

36.0% (±8.0 points) of the occupied homes in Caro, MI are rented (2020–2024 American Community Survey).

That is 700 renting households against 1,245 that own their home.

In Caro, the share of households that rent went from 37.9% in 2015–2019 to 36.0% in 2020–2024 (−1.9 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 36.0% (±8.0 points)
Renting households: 700 (±164)
Median renter income: $30,331 (±$9,242)

Who rents and who owns in Caro

Tenure, estimate (90% margin of error)
	Caro	Tuscola County	Michigan	United States
Renter-occupied share	36.0% (±8.0 points)	13.6% (±1.3 points)	26.8% (±0.2 points)	34.8%
Renting households	700 (±164)	2,921 (±278)	1,092,179 (±7,674)	45,017,354
Owning households	1,245 (±195)	18,577 (±372)	2,984,190 (±12,886)	84,210,142
Average renter household size	1.9 (±0.3)	2.2 (±0.1)	2.1 (±0.0)	2.3
Average owner household size	2.2 (±0.3)	2.5 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$30,331 (±$9,242)	$36,920 (±$4,826)	$42,352 (±$376)	$52,966
Median owner household income	$52,883 (±$14,072)	$68,309 (±$2,583)	$87,130 (±$344)	$100,009

In Caro, the renter share is higher than in Tuscola County (13.6%).

It is also higher than in Michigan (26.8%).

It is not measurably different from the national figure (34.8%).

In Tuscola County, Caro ranks 1 of 25 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 124 of 1,520.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Caro has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	37.9% (±6.5 points)	36.0% (±8.0 points)	−1.9 percentage points	Not a measurable change
Median gross rent	$697 (±$55)	$753 (±$102)	+8.0%	No measurable change after inflation
Median household income	$34,167 (±$8,296)	$41,595 (±$5,320)	+21.7%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Caro

Nearest places with a published estimate, compared with Caro
Place	Distance	Households that rent	Compared with this place
Caro	—	36.0% (±8.0 points)	—
Indianfields Township	2.8 mi	7.8% (±5.0 points)	Lower
Almer Township	3.9 mi	9.5% (±3.9 points)	Lower
Fairgrove Township	6.1 mi	11.2% (±4.0 points)	Lower
Wells Township (Tuscola County)	6.5 mi	5.0% (±2.6 points)	Lower
Ellington Township	6.9 mi	10.2% (±4.5 points)	Lower
Juniata Township	7.0 mi	10.3% (±5.3 points)	Lower
Fairgrove	7.5 mi	8.3% (±5.0 points)	Lower
Akron	7.8 mi	21.9% (±10.3 points)	Lower

Nearby places with a measurably lower figure: Indianfields Township, MI (7.8%), Almer Township, MI (9.5%), Fairgrove Township, MI (11.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Tuscola County, place by place

Rank	Place	Households that rent
1	Caro	36.0% (±8.0 points)
2	Vassar	31.4% (±7.6 points)
3	Denmark Township	20.1% (±5.6 points)
4	Kingston Township	19.4% (±6.4 points)
5	Elkland Township	17.6% (±6.5 points)
6	Elmwood Township	15.2% (±8.2 points)
7	Akron Township	14.7% (±4.5 points)

Showing 7 of 25 places in Tuscola County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Caro

How many renters are there in Caro?

Caro has an estimated 700 (±164) renting households, 36.0% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Caro?

In Caro, the share of households that rent went from 37.9% in 2015–2019 to 36.0% in 2020–2024 (−1.9 percentage points), not a measurable change.

How big are renting households in Caro?

A renting household in Caro has 1.9 people on average, against 2.2 in an owned home.

How much do renters earn in Caro?

The median renting household in Caro, MI has an income of $30,331 (±$9,242) a year, against $52,883 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Caro city, Michigan (place:13420, in state:26).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.