Housing data for Caspian, MI
Caspian, MI has an estimated 600 residents and 404 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Iron County.
24.7% of households rent.
The median gross rent is $665 a month.
Figures last updated on .
- Residents
- 600 (±147)
- Housing units
- 404 (±98)
- Households that rent
- 24.7%
- Median gross rent
- $665
- Residents since 2015–2019
- +25.8%
What stands out in Caspian
Households that rent: 24.7% (±7.5 points) in Caspian, higher than in Iron County (15.5%).
Median household income: $32,794 (±$7,711) in Caspian, lower than in Iron County ($55,940).
Median home value: $79,100 (±$16,183) in Caspian, lower than in Iron County ($109,100).
Median real estate taxes: $1,125 (±$133) in Caspian, lower than in Iron County ($1,467).
- Renters and owners in Caspian
- Income and affordability in Caspian
- Home values in Caspian
- Property taxes in Caspian
Housing in Caspian at a glance
- Median rent: $665 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $675 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 59.1% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 24.7% of households rent
- Income and affordability: $32,794 median household income
- Home values: $79,100 median home value
- Homeowner costs: $698 median monthly cost with a mortgage
- Property taxes: $1,125 median real estate taxes a year
- Types of homes: 13.9% of homes are in buildings of 5 or more units
- Bedrooms: 59.4% of homes have 3 or more bedrooms
- Age of homes: 77.5% of homes were built before 1980
- Vacancy rate: 24.5% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 86.4% heat with utility gas
- Commute and cars: 24.2 minutes average trip to work
- Crime reported to police: 88 violent crimes per 100,000 residents
- Growth: +25.8% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 16.7% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Caspian against Iron County, its state and the nation
| Caspian | Iron County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 600 (±147) | 11,667 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 404 (±98) | 9,156 (±51) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 24.7% (±7.5 points) | 15.5% (±2.0 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $665 (±$383) | $716 (±$114) | $1,129 (±$4) | $1,413 |
| Median household income | $32,794 (±$7,711) | $55,940 (±$3,026) | $72,875 (±$293) | $80,734 |
| Median home value | $79,100 (±$16,183) | $109,100 (±$6,805) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $1,125 (±$133) | $1,467 (±$73) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 77.5% (±16.4 points) | 65.7% (±3.7 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 24.2 minutes (±7.0) | 20.0 minutes (±1.2) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 82.4% (±6.2 points) | 83.1% (±2.2 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 49.0 years (±9.9) | 53.1 years (±0.5) | 40.2 years (±0.1) | 38.9 years |
Caspian covers 1.4 square miles of land, about 420 residents per square mile (Census Bureau Gazetteer).
How Caspian has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 477 (±100) | 600 (±147) | +25.8% | Not a measurable change |
| Housing units | 379 (±67) | 404 (±98) | +6.6% | Not a measurable change |
| Median gross rent | $513 (±$107) | $665 (±$383) | +29.6% | No measurable change after inflation |
| Median home value | $43,100 (±$6,233) | $79,100 (±$16,183) | +83.5% | Up after inflation |
| Median household income | $29,063 (±$16,812) | $32,794 (±$7,711) | +12.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $660 (±$51) | $698 (±$262) | +5.8% | No measurable change after inflation |
| Median real estate taxes | $866 (±$180) | $1,125 (±$133) | +29.9% | No measurable change after inflation |
| Households that rent | 32.9% (±9.1 points) | 24.7% (±7.5 points) | −8.2 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±21.9 points) | 24.5% (±22.5 points) | +24.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Caspian
In 2025, the Caspian-Gaastra Police Department reported 88 violent and 0 property crimes per 100,000 residents to the FBI.
Across Iron County, the departments that report recorded 239 violent and 393 property crimes per 100,000 residents that year.
ZIP codes in Caspian
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 49915 | 100% | 570 | $780 | $79,100 | $35,000 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Caspian
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Gaastra | 1.2 mi | $685 | $49,200 | 9.1% |
| Iron River | 2.2 mi | $486 | $85,000 | 30.0% |
| Town of Tipler | 8.2 mi | — | $111,800 | 13.4% |
| Town of Alvin | 12 mi | — | $182,500 | 19.3% |
| Alpha | 12 mi | — | $34,100 | 12.2% |
| Bates Township | 12 mi | $775 | $163,200 | 7.3% |
| Town of Long Lake (Florence County) | 14 mi | — | $118,300 | 5.5% |
| Iron River Township | 15 mi | $500 | $153,600 | 9.6% |
Places in Michigan most like Caspian
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Stephenson | $688 | $101,800 | $44,600 | 26.6% |
| Gobles | $630 | $104,200 | $44,250 | 30.4% |
| Rosebush | $591 | $104,500 | $44,750 | 30.3% |
| Cheboygan | $683 | $123,200 | $42,290 | 33.1% |
| Marion | $667 | $110,900 | $40,833 | 29.3% |
| Buena Vista | $906 | $62,000 | $41,999 | 27.7% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Caspian, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $808 | $865 | $1,132 | $1,349 | $1,488 |
HUD income limits for Caspian, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $17,600 | $29,300 | $46,850 |
| 2 people | $21,640 | $33,450 | $53,550 |
| 3 people | $27,320 | $37,650 | $60,250 |
| 4 people | $33,000 | $41,800 | $66,900 |
| 5 people | $38,680 | $45,150 | $72,300 |
| 6 people | $44,360 | $48,500 | $77,650 |
| 7 people | $50,040 | $51,850 | $83,000 |
| 8 people | $55,200 | $55,200 | $88,350 |
These are the limits HUD sets for its housing programs in the Iron County, MI, where HUD’s median family income for fiscal year 2026 is $75,300.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Caspian
How many renters are there in Caspian?
Caspian has an estimated 80 (±35) renting households, 24.7% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Caspian?
The median household income in Caspian is $32,794 (±$7,711) a year (2020–2024 American Community Survey).
What is the average home value in Caspian, MI?
The Census Bureau publishes the median: $79,100 (±$16,183) for owner-occupied homes in Caspian (2020–2024 American Community Survey).
What is the average mortgage payment in Caspian?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Caspian, MI is $698 (±$262) a month, including taxes, insurance and utilities.
How much are property taxes in Caspian?
The median real estate tax paid by homeowners in Caspian, MI is $1,125 (±$133) a year (2020–2024 American Community Survey).
How many homes are in Caspian?
Caspian, MI has an estimated 404 (±98) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Caspian growing?
In Caspian, the number of residents went from 477 in 2015–2019 to 600 in 2020–2024 (+25.8%), not a measurable change.
What ZIP codes are in Caspian?
The ZIP code that covers Caspian is 49915.
What is the median rent in ZIP code 49915?
The median gross rent in ZIP Code Tabulation Area 49915 is $780 (±$25) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Caspian city, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Caspian city, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Caspian city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Caspian city, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Caspian city, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Caspian city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Caspian city, Michigan
- HUD Fair Market Rents, fiscal year 2027: Iron County, MI
- HUD Income Limits, fiscal year 2026: Iron County, MI
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Caspian-Gaastra Police Department (ORI MI3629500)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Caspian city, Michigan (place:13860, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .