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Caspian city, MI

ZIP 49915 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49915

Median Home Value
$69,400
Median Rent
$613
Affordability Snapshot
$19,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$446/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49915 in Caspian city, MI, a household would need roughly $19,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $446. That sits below the local median household income ($41,786), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
80.4%+23% vs US avg
x
Vacancy Rate
19.4%+88% vs US avg
x
Broadband Access
83.7%-4% vs US avg
x
4+ Bedrooms
7.8%-48% vs US avg
x
Built Pre-1939
11.3%-11% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
35.9%-28% vs US avg
x
Mortgage-Free
55.3%+45% vs US avg
x
$69,400
Home Value
$613
Rent
1945
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached93.1%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units3.3%
  • Mobile home & other3.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$69,400
Median rent$613
Owner-occupied80.4%
Vacant19.4%
Price-to-income1.7x
Est. income to buy$19,000