Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Caspian area can be challenging. Home prices in Caspian are now at a median cost of $75,495, lower than the Michigan average of $196,062.
The average cost of rent is $631/mo in Caspian, primarily driven by the current value of real estate in the Caspian area. While nearly 57.46% of residents own their homes outright in Caspian, 24.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Caspian is $4,067 per month. Households that rent pay about 15.51% of their income on rent here. Caspian's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Gaastra, MI: equally priced homes
- Iron River, MI: higher priced homes
- Scott Lake, MI: equally priced homes
- Stambaugh, MI: equally priced homes
- Mineral Hills, MI: equally priced homes
- Tipler, WI: higher priced homes
- Pentoga, MI: higher priced homes
- Fortune Lake, MI: higher priced homes
- Beechwood, MI: higher priced homes
- Long Lake, WI: higher priced homes
Cities with Similar Populations
- Easton, KS: higher priced homes
- Everly, IA: higher priced homes
- Epps, LA: equally priced homes
- Elmdale, MI: higher priced homes
- Elkville, IL: less expensive homes
- Eldorado, NC: higher priced homes
- Edwardsport, IN: equally priced homes
- Echo, OR: higher priced homes
- Easton, MO: higher priced homes
- Ferguson, KY: higher priced homes
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