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Carp Lake, MI
Full City Profile · Michigan · Emmet County County
2.1
/5.0
C
Fair
407
Population
198/sq mi density
$27,318
Median Income
$21,835 per capita
$170,800
Home Value
$244,655 Zillow
$565
Median Rent
28.8% income on rent
42°F
Avg Temperature
258 sunny days/yr
247
Violent Crime/100K
5,062 property/100K
C
Overall
2.1 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.1 / 5.0
$27,318 median income, 3.5% unemployment
B
Affordability
3.1 / 5.0
$170,800 home value, $565/mo rent
F
Safety
1.0 / 5.0
247 violent crimes/100K
C
Education
2.3 / 5.0
16.3% bachelor's degree or higher
Housing Overview
Median Home Value
$170,800
39% below
US avg: $281,900
Median Rent
$565/mo
51% below
US avg: $1,163/mo
Homeownership Rate
67.7%
4% above US avg (65.4%)
Total Housing Units
459
Median year built: 1977
Home Value by Source
Census Median
$170,800
Zillow (ZHVI)
$244,655
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.7%
Owner-Occupied
32.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$565/mo
Affordability & Housing Stock
Rent Burden
28.8%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
67.7%
Complete Housing Data
Home Values
| Census Median Value | $170,800 |
| Zillow Home Value (ZHVI) | $244,655 |
Rent
| Census Median Rent | $565 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 67.7% |
| Renter-Occupied | 32.3% |
| Homeownership Rate | 67.7% |
| Total Housing Units | 459 |
| Median Year Built | 1977 |
| Rent Burden | 28.8% |