Caspian, MI Real Estate
According to census data in the year 2000 there were 509 housing units in Caspian.
This represents a 4.9% decline from 535 in 1990.
Of those housing units, 452 were located in either urbanized areas or urban clusters, and 57 were located in what is classified as a rural area.
Homeownership rate in Caspian is about 76.5%.
Caspian's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.14 people.
The majority of houses, apartments or condos in Caspian were built after 1940.
|Housing Units by Size|
|Five Bedrooms or more||3.10%|
Owned Homes, Apartments and Condos
|Average Household Size||2.09|
|Median year structure was built||1939|
|Median Value of occupied units||$35,100|
|Median Price asked for vacant units||$17,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.29|
|Median year structure was built||1946|
|Median Monthly Rent asked for vacant units||$275|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||1.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||13.6%|