The housing market in Caspian, MI (49915) is quite favorable compared to the US median value of $338,100. The median value of housing in Caspian is $56,600 which provides a great opportunity for potential buyers and investors to purchase a property and benefit from higher than average appreciation rates. Over the past year, house appreciation in Caspian has been 12.24% whereas the US average was only 8.27%. This demonstrates that Caspian provides an increased potential for return on investment when it comes to the real estate market. Consequently, this trend may continue as more people look to buy homes in Caspian.
The median home cost in Caspian (zip 49915) is $56,600. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Caspian (zip 49915) is up 18.2%.
Average Age of Homes
- The median age of Caspian (zip 49915) real estate is 78 years old
The Rental Market in Caspian (zip 49915)
- Renters make up 11.6% of the Caspian (zip 49915) population
- 3.3% of houses and apartments in Caspian (zip 49915), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.