Market Overview
Home Prices in Carleton, MI
The median home value in Carleton, MI is $339,489 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carleton are priced17% below average. Carleton is part of the Monroe, MI metro area.
Over the past five years, Carleton home values have risen by approximately28.3%, reflecting strong long-term appreciation in this market.
Price History
Carleton Home Price Trend
City Comparison
Carleton vs. National Median
At $339,489, homes in Carleton cost 17% below the national median of $410,000. This makes Carleton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Carleton?
20% Down Payment
$67,898
on $339,489
Monthly P&I
$1,771/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,249/mo
incl. taxes & insurance
Income Needed
$89,960
gross annual (30% rule)
10% Down Option
$33,949
+ PMI applies
Loan Amount (20% dn)
$271,591
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Carleton, MI?
The median home value in Carleton is $339,489 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Carleton?
Over the past year, home values in Carleton have increased by 7.2%. Over five years, prices have risen approximately 28.3%.
How much do I need to earn to buy a home in Carleton?
To comfortably afford the median home price of $339,489 with a 20% down payment ($67,898) at today's rates (6.8%), you'd need a gross annual income of approximately $89,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Carleton compare to the national average home price?
The national median home value is approximately $410,000. At $339,489, homes in Carleton are 17% below the national average.
What metro area is Carleton part of?
Carleton is part of the Monroe, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.