What percentage of people rent in Caspian, MI?

Name: Renters and owners in Caspian, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

24.7% (±7.5 points) of the occupied homes in Caspian, MI are rented (2020–2024 American Community Survey).

That is 80 renting households against 244 that own their home.

In Caspian, the share of households that rent went from 32.9% in 2015–2019 to 24.7% in 2020–2024 (−8.2 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 24.7% (±7.5 points)
Renting households: 80 (±35)
Median renter income: $21,786 (±$7,229)

Who rents and who owns in Caspian

Tenure, estimate (90% margin of error)
	Caspian	Iron County	Michigan	United States
Renter-occupied share	24.7% (±7.5 points)	15.5% (±2.0 points)	26.8% (±0.2 points)	34.8%
Renting households	80 (±35)	860 (±115)	1,092,179 (±7,674)	45,017,354
Owning households	244 (±70)	4,687 (±193)	2,984,190 (±12,886)	84,210,142
Average renter household size	1.5 (±0.2)	2.0 (±0.2)	2.1 (±0.0)	2.3
Average owner household size	2.0 (±0.3)	2.1 (±0.1)	2.5 (±0.0)	2.6
Median renter household income	$21,786 (±$7,229)	$30,714 (±$3,933)	$42,352 (±$376)	$52,966
Median owner household income	$40,000 (±$12,267)	$60,044 (±$3,798)	$87,130 (±$344)	$100,009

In Caspian, the renter share is higher than in Iron County (15.5%).

It is not measurably different from Michigan (26.8%).

It is lower than the national figure (34.8%).

In Iron County, Caspian ranks 2 of 11 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 290 of 1,520.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Caspian has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	32.9% (±9.1 points)	24.7% (±7.5 points)	−8.2 percentage points	Not a measurable change
Median gross rent	$513 (±$107)	$665 (±$383)	+29.6%	No measurable change after inflation
Median household income	$29,063 (±$16,812)	$32,794 (±$7,711)	+12.8%	No measurable change after inflation

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.

Households that rent in places near Caspian

Nearest places with a published estimate, compared with Caspian
Place	Distance	Households that rent	Compared with this place
Caspian	—	24.7% (±7.5 points)	—
Gaastra	1.2 mi	9.1% (±7.4 points)	Lower
Iron River	2.2 mi	30.0% (±7.0 points)	Not measurably different
Town of Tipler	8.2 mi	13.4% (±12.4 points)	Not measurably different
Town of Alvin	12 mi	19.3% (±14.3 points)	Not measurably different
Alpha	12 mi	12.2% (±8.6 points)	Lower
Bates Township	12 mi	7.3% (±3.8 points)	Lower
Town of Long Lake (Florence County)	14 mi	5.5% (±8.2 points)	Lower
Iron River Township	15 mi	9.6% (±5.3 points)	Lower

Nearby places with a measurably lower figure: Gaastra, MI (9.1%), Alpha, MI (12.2%), Bates Township, MI (7.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Iron County, place by place

Rank	Place	Households that rent
1	Iron River	30.0% (±7.0 points)
2	Caspian	24.7% (±7.5 points)
3	Crystal Falls	19.3% (±5.5 points)
4	Hematite Township	10.0% (±6.7 points)
5 (tie)	Iron River Township	9.6% (±5.3 points)
5 (tie)	Mansfield Township	9.6% (±9.2 points)
7	Gaastra	9.1% (±7.4 points)
8	Crystal Falls Township	7.7% (±3.1 points)

Showing 8 of 11 places in Iron County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Caspian

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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).

Is renting growing in Caspian?

In Caspian, the share of households that rent went from 32.9% in 2015–2019 to 24.7% in 2020–2024 (−8.2 percentage points), not a measurable change.

How big are renting households in Caspian?

A renting household in Caspian has 1.5 people on average, against 2.0 in an owned home.

How much do renters earn in Caspian?

The median renting household in Caspian, MI has an income of $21,786 (±$7,229) a year, against $40,000 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.