Craco as a town dates to at least 1060, when the land was the possession of Archbishop Arnaldo, Bishop of Tricarico. A prior Greek settlement existed around 540 AD under the name “Montedoro”.
At its peak in 1561, the population of Craco's Old Town was close to 2600 people; more recently, it had been between 1500-1800. The period from 1892-1922 was one of high emigration due to poor agricultural conditions.
There have been several earthquakes and a series of landslides between 1959 and 1972. The old town was abandoned in 1963 due to landslide damage, thus becoming a ghost town, and the inhabitants moved to the hamlet of "Craco Peschiera". Today Craco is used as a filming location for various feature productions.
By road, Craco is just west of SS103 or SS176.
- Castello tower
- Observant Friars Minor, 17th century church dedicated to St. Peter.
- Santa Maria della Stella, church with a statue of the Virgin Mother Mary and Child said to have been discovered by a shepherd.
- Wander the streets and look into the houses, which were left as they were but are slowly deteriorating.
Craco was abandoned in 1963. The closest populated place is Pisticci.
- Policoro and the Gulf of Taranto