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Affordable
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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 $97,251, lower than the Michigan average of $250,415.
The average cost of rent is $739/mo in Caspian, primarily driven by the current value of real estate in the Caspian area. In Caspian, 19.62% of households rent, and 57.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Caspian is $4,438 per month. Households that rent pay about 16.66% of their income on rent here. Caspian’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gaastra, MI: less expensive homes
- Iron River, MI: higher priced homes
- Scott Lake, MI: less expensive 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: less expensive 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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