Caspian, MI Real Estate
According to census data in the year 2000 there were 509 housing units in Caspian.
This represents a 4.9% decline from 535 in 1990.
Of those housing units, 452 were located in either urbanized areas or urban clusters, and 57 were located in what is classified as a rural area.
Homeownership rate in Caspian is about 76.5%.
Caspian's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.14 people.
The majority of houses, apartments or condos in Caspian were built after 1940.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 11% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 47% |
| Four Bedrooms | 11% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $35,100 |
| Median Price asked for vacant units | $17,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1946 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.90% |
| Home Equity Loan | 1.50% |
| Simple Mortgage | 33.20% |
| Debt Free | 64.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.6% |
