Home values, rents and more in Carp Lake, MI
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Carp Lake in ProMap- Under $240k
- $240k–$250k
- $250k–$260k
- $260k+
- No data
How Carp Lake compares
The typical home in Carp Lake, MI is worth about $242,000, according to the Zillow Home Value Index for September 2026. Home values in Carp Lake are 45% below the typical value in the Petoskey metro area ($438,000) and 34% below the U.S. typical value ($366,000).
Over the past year, home values in Carp Lake rose 9.5%, compared with +8.5% in the Petoskey metro area and +1.2% nationally.
The median household income is $27,474, against $78,112 in the Petoskey metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 380 people live in Carp Lake (American Community Survey 2020–24).
Carp Lake has the 2nd-lowest typical home value of the 8 cities in the Petoskey metro area and the 343rd-lowest of 686 in Michigan with Zillow figures.
Part of: Emmet County, MI · Petoskey metro area · Michigan
More for Carp Lake in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Carp Lake, MI
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.