Cadillac Metro Area, MI Housing

The housing market in Cadillac, MI Metro Area is thriving. The median value of a house there is $166,400, which is significantly lower than the US median value of $338,100. Additionally, house appreciation within the past year has been 11.65%, which is 3.38 percentage points higher than the US average of 8.27%. This indicates that home values in Cadillac are rapidly increasing and could be an attractive option for those looking to purchase a home in the near future.

The median home cost in Cadillac Metro Area is $166,400. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Cadillac Metro Area is up 19.8%.

Average Age of Homes

- The median age of Cadillac Metro Area real estate is 41 years old

The Rental Market in Cadillac Metro Area

- Renters make up 16.1% of the Cadillac Metro Area population
- 1.4% of houses and apartments in Cadillac Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cadillac, Michigan	United States
	25,165.0	139,647,020.0
	43	42
	$166,400	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$12.19	$10.98
	$1,496	$2,690
	60.0%	57.4%
	25.1%	11.2%
	14.9%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.2%	0.4%
	20.2%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	5.7%	2.4%
	6.0%	2.8%
	11.2%	3.9%
	10.7%	4.5%
	22.5%	11.3%
	17.0%	13.0%
	14.9%	20.1%
	4.7%	13.6%
	1.9%	8.3%
	1.3%	9.7%
	0.4%	3.9%
	0.1%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.6%	13.6%
	14.6%	13.6%
	16.5%	13.6%
	13.1%	13.2%
	16.9%	14.8%
	16.5%	13.6%
	7.7%	10.0%
	4.9%	4.7%
	14.4%	12.2%

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