HomeMichiganTuscola CountyCaro city
Caro city, Michigan: commercial real estate data.
Caro city is a Census city of 4,290 people across 2.94 square miles of land, in Tuscola County. Median household income is $41,595, 64.0 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $2.2 m.
80 sourced place values · tier FULL · 9 sections
Caro
What Caro is
- Census place typecity
- Land area2.94 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,457
- County holding the largest share of its areaTuscola County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caro
How many people live in Caro
- Population4,290
- Median age43.6
- Population under 18890 plus or minus 183
- Share under 1820.7 percent plus or minus 4.3
- Population 65 and over1,039
- Share 65 and over24.2 percent
- Households1,945
- Family households978
- Share of households that are families50.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caro
Income and work in Caro
- Median household income$41,595
- Per capita income$26,058
- Civilian labor force1,576
- Employed1,433
- Unemployed143 plus or minus 125
- Unemployment rate9.1 percent plus or minus 7.9
- Adults 25 and over3,118
- Adults 25 and over with a high school diploma or higher90.7 percent
- Adults 25 and over with a bachelor degree or higher16.4 percent plus or minus 4.5
- Adults 25 and over with a graduate degree6.2 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caro
Housing in Caro
- Housing units2,099
- Occupied units1,945
- Vacant units154 plus or minus 105
- Vacancy rate7.3 percent plus or minus 5.0
- Owner occupied1,245
- Renter occupied700 plus or minus 164
- Ownership rate64.0 percent
- Median owner-occupied home value$102,700
- Median gross rent, monthly$753
- Annual rent as a share of median income21.7 percent
- Single family units1,521
- Share single family72.5 percent
- Units in buildings of two or more472 plus or minus 146
- Share in buildings of two or more22.5 percent plus or minus 6.7
- Mobile homes106 plus or minus 68
- Median year structure built1961
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caro
How Caro gets to work
- Workers 16 and over who commute1,351
- Commuting under 15 minutes775 plus or minus 169
- Share commuting under 15 minutes57.4 percent
- Commuting 30 minutes or more328 plus or minus 121
- Share commuting 30 minutes or more24.3 percent plus or minus 8.4
- Drove alone77.6 percent
- Carpooled8.0 percent plus or minus 5.0
- Public transport2.0 percent plus or minus 2.6
- Walked6.7 percent plus or minus 4.3
- Worked from home3.8 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caro
SBA 7(a) lending to Caro borrowers
- Approvals10
- Gross approval$2,192,700
- Average approval$219,270
- Median approval$66,000
- Ninetieth percentile approval$1,200,000
- Largest approval$1,200,000
- Jobs supported25
- Jobs per approval2.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more10.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS9
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Caro
SBA 504 lending to Caro borrowers
- Approvals1
- Gross approval$220,000
- Average approval$220,000
- Median approval$220,000
- Largest approval$220,000
- Jobs supported7
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Caro
Flood programme status in Caro
- Listed NFIP communities1
- Of those, participating1
- NFIP community number260597
- Currently effective map date04/03/12(M)
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Tuscola County, not Caro
Tuscola County context, not Caro figures
These are Tuscola County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Caro measurements.
- Establishments in Tuscola County842
- Employment at those establishments, Tuscola County9,643
- Covered employment, Tuscola County12,102
- Average annual pay, Tuscola County$50,754
- Average weekly wage, Tuscola County$976
- Housing units permitted, Tuscola County55
- Of those, single family, Tuscola County55
- County product, 2024, Tuscola County$1,768,657,000
- County product change over the prior year, Tuscola County-0.5 percent
- Average income of an arriving household, Tuscola County$49,559
Every figure in this section is published for Tuscola County as a whole and is not a measurement of Caro. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Caro questions, answered from the record.
How many people live in Caro, Michigan?
4,290, in 1,945 households. Caro city covers 2.94 square miles of land, which is 1,457 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Caro in?
Tuscola County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Caro?
$41,595. The median owner-occupied home is valued at $102,700. Median gross rent is $753 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Caro businesses?
10 7(a) approvals totalling $2.2 m, across 3 lenders, median approval $66,000, plus 1 504 approvals worth $220,000. These count approvals to borrowers whose address is in Caro, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Caro borrowers get paid back?
No rate is published for Caro. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Caro in the National Flood Insurance Program?
Yes. Caro appears in the FEMA Community Status Book as community 260597, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Caro figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Tuscola County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Caro.
Is zoning published for Caro?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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