House Prices

House Prices & Home Values Caspian, MI 2026


Average Data

average house price$45,342
average size per house1296 ft²
average price per ft²35 $ / ft²

04/21/2026 - The value range (VR) for house prices in Caspian, MI is $35/ sqft to $35/ sqft. An average home with 1296 sqft costs approximately $45,360 to $45,360. Caspian, MI includes 1 ZIP codes and it is located in Iron county. The lowest prices are found in ZIP 49915, while the highest are in ZIP 49915. The average price per sqare feet is $35. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Caspian

4991537 $ / ft²




Historical development of home values in Caspian

Year Estimated value (USD) Change vs. 2025
2010 $21,058 -53.6%
2011 $20,243 -55.4%
2012 $20,189 -55.5%
2013 $20,943 -53.8%
2014 $21,985 -51.5%
2015 $23,113 -49.0%
2016 $24,319 -46.4%
2017 $25,632 -43.5%
2018 $27,049 -40.3%
2019 $28,303 -37.6%
2020 $29,766 -34.4%
2021 $33,856 -25.3%
2022 $39,469 -13.0%
2023 $41,622 -8.2%
2024 $44,029 -2.9%
2025 $45,342 0.0%

Graph: estimated home values in Caspian over time (USD)



Example: 100% financing house in Caspian

Loan amount: $45,342

Interest rate: 6.00%

Fixed monthly payment: $271.85

Breakdown in the 1st month:
Interest portion: $226.71  –  Principal portion: $45.14

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $2,705.37 $556.81 $44,785.19
2 $2,671.03 $591.15 $44,194.05
3 $2,634.57 $627.61 $43,566.44
4 $2,595.86 $666.32 $42,900.12
5 $2,554.76 $707.41 $42,192.71
6 $2,511.13 $751.05 $41,441.66
7 $2,464.81 $797.37 $40,644.29
8 $2,415.63 $846.55 $39,797.74
9 $2,363.42 $898.76 $38,898.98
10 $2,307.98 $954.20 $37,944.78
11 $2,249.13 $1,013.05 $36,931.73
12 $2,186.65 $1,075.53 $35,856.20
13 $2,120.31 $1,141.87 $34,714.33
14 $2,049.88 $1,212.30 $33,502.04
15 $1,975.11 $1,287.07 $32,214.97
16 $1,895.73 $1,366.45 $30,848.52
17 $1,811.45 $1,450.73 $29,397.78
18 $1,721.97 $1,540.21 $27,857.57
19 $1,626.97 $1,635.21 $26,222.37
20 $1,526.12 $1,736.06 $24,486.31
21 $1,419.04 $1,843.14 $22,643.17
22 $1,305.36 $1,956.82 $20,686.35
23 $1,184.67 $2,077.51 $18,608.84
24 $1,056.53 $2,205.65 $16,403.19
25 $920.49 $2,341.69 $14,061.50
26 $776.06 $2,486.12 $11,575.38
27 $622.72 $2,639.46 $8,935.93
28 $459.93 $2,802.25 $6,133.67
29 $287.09 $2,975.09 $3,158.59
30 $103.59 $3,158.59 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Caspian, MI


1500 sqft3900 sqft
Ø selling price$63,526$135,135
Ø fast selling$57,751$121,622
Ø high price sale$69,300$148,649

In 2026, houses in Caspian, MI will be offered at an average price of $35 per square foot. A 1,500 sqft home priced at $63,526 is 24.20% more expensive per square foot than a 3,900 sqft home priced at $135,135. Home prices in Caspian, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $93,556. Sellers who can wait longer may achieve a higher price of up to $114,346.

FAQ – Home Values in Caspian

What is the median home value in Caspian in 2026?

In 2026, the typical home value in Caspian is about $45,342 for an average home size of 1296 square feet. This corresponds to an average price of roughly $35 per square foot.

What is the average cost per square foot in Caspian?

In 2026, homes in Caspian sell for an average of around $35 per square foot, with a typical range between $35 and $35 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Caspian is about 1296 square feet, with an estimated 2026 value around $45,342.



Locations close to Caspian, MI

Chassell, MI133 $ / ft²
Copper City, MI178 $ / ft²
Copper Harbor, MI223 $ / ft²
Calumet, MI49 $ / ft²
Bruce Crossing, MI55 $ / ft²
Bessemer, MI99 $ / ft²
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