Carp Lake, MI housing market
The typical Carp Lake home is worth about $254,000, up 11.1% in a year, close to the Michigan typical home.
Home values, sales, trends and how Carp Lake compares with the towns next door — updated as new data is published.
Carp Lake at a glance
Typical home value, 2016–2026
Show as a table
| January | Carp Lake | Michigan |
|---|---|---|
| 2017 | $135,000 | $144,000 |
| 2018 | $130,000 | $155,000 |
| 2019 | $139,000 | $165,000 |
| 2020 | $150,000 | $175,000 |
| 2021 | $171,000 | $194,000 |
| 2022 | $214,000 | $217,000 |
| 2023 | $211,000 | $230,000 |
| 2024 | $224,000 | $241,000 |
| 2025 | $230,000 | $253,000 |
| 2026 | $243,000 | $262,000 |
| August 2026 | $254,000 | $266,000 |
Carp Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Carp Lake | $254K | +11.1% | $1,200 | $45,833 |
| Hebron | — | +4.8%† | $1,130 | $72,500 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,200
HUD's Fair Market Rent for a two-bedroom in Carp Lake is $1,200 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Carp Lake pay a median of $570, so moving in tends to cost more than staying put.
Studio $840 · 4 bedrooms $1,590
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49718, 49755; Cheboygan County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.