HomeMichiganIron CountyCaspian city
Caspian city, Michigan: commercial real estate data.
Caspian city is a Census city of 600 people across 1.43 square miles of land, in Iron County. Median household income is $32,794, 75.3 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $148,700.
69 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Caspian
What Caspian is
- Census place typecity
- Land area1.43 sq mi
- Water area0 sq mi
- Population per square mile of land421 plus or minus 103
- County holding the largest share of its areaIron County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caspian
How many people live in Caspian
- Population600 plus or minus 147
- Median age49.0 plus or minus 9.9
- Population under 18100 plus or minus 34
- Share under 1816.7 percent plus or minus 4.0
- Population 65 and over179 plus or minus 38
- Share 65 and over29.8 percent plus or minus 9.7
- Households324 plus or minus 91
- Family households183 plus or minus 64
- Share of households that are families56.5 percent plus or minus 11.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caspian
Income and work in Caspian
- Median household income$32,794 plus or minus $7,711
- Per capita income$26,914 plus or minus $6,002
- Civilian labor force220 plus or minus 56
- Employed209 plus or minus 55
- Unemployed11 plus or minus 11
- Unemployment rate5.0 percent plus or minus 4.8
- Adults 25 and over440 plus or minus 96
- Adults 25 and over with a high school diploma or higher86.8 percent plus or minus 23.8
- Adults 25 and over with a bachelor degree or higher12.7 percent plus or minus 5.2
- Adults 25 and over with a graduate degree4.8 percent plus or minus 3.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caspian
Housing in Caspian
- Housing units404 plus or minus 98
- Occupied units324 plus or minus 91
- Vacant units80 plus or minus 41
- Vacancy rate19.8 percent plus or minus 8.9
- Owner occupied244 plus or minus 70
- Renter occupied80 plus or minus 35
- Ownership rate75.3 percent
- Median owner-occupied home value$79,100 plus or minus $16,183
- Median gross rent, monthly$665 plus or minus $383
- Annual rent as a share of median income24.3 percent plus or minus 15.1
- Single family units332 plus or minus 87
- Share single family82.2 percent
- Units in buildings of two or more61 plus or minus 35
- Share in buildings of two or more15.1 percent plus or minus 8.0
- Mobile homes11 plus or minus 9
- Median year structure built1950
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caspian
How Caspian gets to work
- Workers 16 and over who commute189 plus or minus 51
- Commuting under 15 minutes114 plus or minus 38
- Share commuting under 15 minutes60.3 percent
- Commuting 30 minutes or more59 plus or minus 27
- Share commuting 30 minutes or more31.2 percent plus or minus 11.8
- Drove alone76.7 percent
- Carpooled7.3 percent plus or minus 6.0
- Public transport0.0 percent
- Walked1.9 percent plus or minus 3.4
- Worked from home8.3 percent plus or minus 9.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Caspian
SBA loans in Caspian (7(a))
- Approvals2
- Gross approval$148,700
- Average approval$74,350
- Median approval$123,700
- Ninetieth percentile approval$123,700
- Largest approval$123,700
- Jobs supported10
- Jobs per approval5.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term180 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Caspian
Flood risk in Caspian
- Listed NFIP communities1
- Of those, participating1
- NFIP community number261353
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Iron County, not Caspian
Iron County context, not Caspian figures
These are Iron County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Caspian measurements.
- Establishments in Iron County358
- Employment at those establishments, Iron County2,475
- Covered employment, Iron County3,410
- Average annual pay, Iron County$44,921
- Average weekly wage, Iron County$864
- Housing units permitted, Iron County156
- Of those, single family, Iron County156
- County product, 2024, Iron County$419,523,000
- County product change over the prior year, Iron County4.2 percent
- Average income of an arriving household, Iron County$65,608
Every figure in this section is published for Iron County as a whole and is not a measurement of Caspian. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Caspian questions, answered from the record.
How many people live in Caspian, Michigan?
600, in 324 households. Caspian city covers 1.43 square miles of land, which is 421 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Caspian in?
Iron County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Caspian?
$32,794. The median owner-occupied home is valued at $79,100. Median gross rent is $665 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Caspian businesses?
2 7(a) approvals totalling $148,700, across 1 lenders, median approval $123,700. These count approvals to borrowers whose address is in Caspian, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Caspian borrowers get paid back?
No rate is published for Caspian. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Caspian in the National Flood Insurance Program?
Yes. Caspian appears in the FEMA Community Status Book as community 261353, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Caspian figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Iron County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Caspian.
Is zoning published for Caspian?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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