| ZIP Code | 49915 |
|---|---|
| City | Caspian |
| State | Michigan (MI) |
| County | Iron County |
| Area Code | 906 |
| Elevation | 1,474 ft |
| Latitude | 46.064638 |
|---|---|
| Longitude | -88.627095 |
| Timezone | Detroit (DST) |
| FIPS | 26071 |
| ZIP Type | PO Box |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 53.8 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 1.93 |
| Below Poverty | 23.9% ▲ 139% above avg |
| College Grads | 32.3% ▼ 17% below avg |
| Unemployment | 10.2% ▲ 107% above avg |
| No HS Diploma | 8 (2.1%) |
| HS Graduate | 115 (30.4%) |
| Some College | 65 (17.2%) |
| Associates | 68 (18%) |
| Bachelors | 58 (15.3%) |
| Graduate Degree | 64 (16.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $41,786 ▼ 45% below avg ↓ 2% since 2019 |
|---|---|
| Median Home Value | $69,400 ▼ 75% below avg ↑ 71% since 2019 |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Median Rent | $772/mo ↑ 7% since 2019 |
| Total Units | 335 |
| Vacant Units | 65 |
| Avg HH Size | 1.93 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 335 |
|---|---|
| Vacant | 65 |
| Owner Occupied | 80.4% |
| Renter Occupied | 19.6% |
| Avg HH Size | 1.93 |
ZIP code 49915 is located in Caspian, Michigan, within Iron County. With a population of 520, this is a sparsely populated ZIP code with a mature community — the median age is 53.8 years. Economically, 49915 is a working-class ZIP code: the median household income of $41,786 is below the national average.
Real estate in ZIP code 49915 represents one of the more affordable housing markets in the country. The median home value of $69,400 is well below the national average. Renters can expect to pay around $772 per month in median rent. Homeownership is strong here — 80.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 71% since 2019.
The population of 49915 is primarily White (83.65%). Residents are moderately educated — 32.3% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 23.9%. Household income has declined by 2% since 2019.
The unemployment rate in 49915 stands at 10.2%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 49915 in Caspian, MI is characterized as working-class, moderately educated, a mature community, and predominantly owner-occupied. With 520 residents, a median household income of $41,786, and a median home value of $69,400, it offers a clear picture of life in this part of Michigan.