The size of Carranballac is approximately 116.3 square kilometres. It has 1 park covering nearly 0.8% of total area. The population of Carranballac in 2011 was 926 people. By 2016 the population was 20 showing a population decline of 97.8% in the area during that time. The predominant age group in Carranballac is 50-59 years. Households in Carranballac are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Carranballac work in a managers occupation. In 2011, 76.3% of the homes in Carranballac were owner-occupied compared with 80% in 2016..
Carranballac has 34 properties. Over the last 5 years, Houses in Carranballac have seen a 173.09% increase in median value. As at 31 July 2024:
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