Karapiro is a suburb which lies within the Territorial Authority of Waipa, one of 26 residential suburbs which form the wider region. Karapiro is the 9th largest suburb of Waipa in terms of the total number of residential housing stock. Karapiro provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1910 - 1919. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Karapiro is made up of approximately 23% residential housing and 77% lifestyle properties.