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 Size

Housing Units by Size
Studio Type0.40%
One Bedroom11%
Two Bedrooms27.50%
Three Bedrooms47%
Four Bedrooms11%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1939
Median Value of occupied units$35,100
Median Price asked for vacant units$17,500

Rented Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1946
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0.90%
Home Equity Loan1.50%
Simple Mortgage33.20%
Debt Free64.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs13.6%