Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,350 people, 995 houses or apartments, and a median cost of homes of $261,275, Carleton real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Carleton, accounting for 59.66% of the village's housing units. Other types of housing that are prevalent in Carleton include mobile homes or trailers ( 33.40%), large apartment complexes or high rise apartments ( 5.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.59%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carleton. Owner-occupied housing accounts for 77.79% of Carleton's homes, and 79.08% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Carleton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Carleton built between 2000 and later ( 20.54%). A lesser amount of the housing stock also hails from before 1939 ( 17.26%). There's also some housing in Carleton built between 1940-1969 ( 16.04%).
Appreciation rates for homes in Carleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.08%, which ranks in the top 50% nationwide. This equates to an annual average Carleton house appreciation rate of 6.80%.
Appreciation rates are so strong in Carleton that despite a nationwide downturn in the housing market, Carleton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carleton appreciation rates continue to be some of the highest in America, at 11.84%, which is higher than appreciation rates in 71.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carleton. Carleton appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.87%.
Relative to Michigan, our data show that Carleton's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.
$261,275
for Michigan
for nation
995
$1,152 / per month