48117 — Carleton, MI Home Values
Typical home value $340,048 as of June 2026 · 2nd of 15 in Monroe, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 48117, June 2021 to June 2026. This page shows observed data only; no forecast.
How 48117 compares in the Monroe, MI area
ZIP code 48117 (Carleton, MI) has a typical home value of $340,048 as of June 2026, ranking 2nd of 15 ZIP codes tracked in the Monroe, MI area, more expensive than about 93% of ZIP codes in the metro. Prices here have moved +7.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +28.6%, from $264,346 in June 2021 to $340,048 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Monroe, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Monroe.
Population and demographics
ZIP code 48117 has a population of 10,199, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 92.5% White, 3.3% two or more races, 1.9% Hispanic or Latino, 1.8% Black or African American, and 0.4% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Joseph C Sterling Elementary School | 160 FESSNER RD, CARLETON, MI | 1.8 mi |
| Wagar Junior High School | 11200 GRAFTON RD, CARLETON, MI | 1.8 mi |
| Wagar Middle School | 11200 GRAFTON RD, CARLETON, MI | 1.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 48117?
$340,048 as of June 2026, the latest month Zillow has published observed data for.
Is 48117 an expensive ZIP code in the Monroe, MI area?
48117 ranks 2nd of 15 ZIP codes in the Monroe, MI area by typical home value, more expensive than about 93% of ZIP codes in the metro.
How much have home values in 48117 changed over the past year?
+7.2% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 48117?
10,199, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 48117?
Joseph C Sterling Elementary School (1.8 mi), Wagar Junior High School (1.8 mi), Wagar Middle School (1.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 48117?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Monroe, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.