A typical Caspian home is worth roughly $79,000
What kind of housing town is Caspian?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.4 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Caspian home, with $41K to spare.
A two-bedroom rents for about $1,040 a month here, $530 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Caspian’s typical property tax (1.42% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
2 of Caspian’s houses are on the National Register
Half of Caspian’s homes were built before 1950.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error. Historic houses: National Register of Historic Places.
A two-bedroom rents for about $1,040
Renters already here pay a median of $665, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Iron County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Caspian vs. its neighbors
Caspian is the least expensive of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Caspian | $79K* | — | $1,040 | $32,794 |
| Stambaugh | $188K* | +13.9%† | $1,090 | $70,673 |
| Gaastra | $112K | +8.3% | $1,100 | $47,708 |
| Iron River | $85K* | +14%† | $1,100 | $54,183 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Caspian
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Caspian buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.