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The size of Karakin is approximately 141.1 square kilometres. It has 3 parks covering nearly 4.5% of total area. The population of Karakin in 2011 was 388 people. By 2016 the population was 232 showing a population decline of 40.2% in the area during that time. The predominant age group in Karakin is 60-69 years. Households in Karakin are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Karakin work in a trades occupation. In 2011, 86.8% of the homes in Karakin were owner-occupied compared with 94.2% in 2016.
Karakin has 355 properties. Over the last 5 years, Houses in Karakin have seen a 89.15% increase in median value, while Units have seen a 417.27% increase. As at 31 October 2024:
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