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 2016 was 241 people. By 2021 the population was 239 showing a population decline of 0.8% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Karakin work in a trades occupation.In 2021, 88.30% of the homes in Karakin were owner-occupied compared with 94.20% in 2016.
Karakin has 361 properties. Over the last 5 years, Houses in Karakin have seen a 74.35% increase in median value, while Units have seen a 4.36% increase. As at 31 October 2025:
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