Careywood is an unincorporated community in Bonner County, Idaho, United States. Careywood is located on U.S. Route 95 6.5 miles (10.5 km) north-northeast of Athol. Careywood has a post office with ZIP code 83809.
Originally known as Severance, the town was renamed Careywood after a man named Carey from Spokane who bought land in the area. At the time, Careywood was involved in the logging industry.