Cadillac, MI housing market
The typical Cadillac home is worth about $238,000, up 5.2% in a year, 11% below the Michigan typical home. Homes typically sell in 65 days, below asking.
Home values, sales, trends and how Cadillac compares with the towns next door — updated as new data is published.
Cadillac at a glance
A seller's market
Supply is tight — about 3.6 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Cadillac | Michigan |
|---|---|---|
| 2017 | $83,000 | $144,000 |
| 2018 | $91,000 | $155,000 |
| 2019 | $133,000 | $165,000 |
| 2020 | $143,000 | $175,000 |
| 2021 | $157,000 | $194,000 |
| 2022 | $185,000 | $217,000 |
| 2023 | $195,000 | $230,000 |
| 2024 | $207,000 | $241,000 |
| 2025 | $225,000 | $253,000 |
| 2026 | $231,000 | $262,000 |
| August 2026 | $238,000 | $266,000 |
64 new homes permitted in 2025
Builders were permitted 64 new homes in Cadillac in 2025: 14 single-family houses and 50 in buildings with two or more homes, worth about $11.3 million to build. That's 6.1 per 1,000 residents, faster than across Michigan (2.3).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 32 | 6 | 26 | $5.4 million |
| 2025 | 64 | 14 | 50 | $11.3 million |
| 2024 | 1 | 1 | 0 | $321,000 |
| 2023 | 29 | 29 | 0 | $8.8 million |
| 2022 | 10 | 10 | 0 | $1.3 million |
| 2021 | 11 | 11 | 0 | $1.3 million |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $264,000 |
| 2009 | 4 | 4 | 0 | $384,000 |
| 2008 | 7 | 7 | 0 | $971,000 |
| 2007 | 10 | 6 | 4 | $1 million |
| 2006 | 98 | 16 | 82 | $6.3 million |
| 2005 | 139 | 67 | 72 | $9.2 million |
| 2004 | 14 | 10 | 4 | $1.4 million |
| 2003 | 29 | 15 | 14 | $2.8 million |
| 2002 | 40 | 12 | 28 | $4.3 million |
| 2001 | 49 | 7 | 42 | $3.1 million |
| 2000 | 70 | 8 | 62 | $6.1 million |
How Cadillac ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Cadillac and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Cadillac | $238K | +5.2% | $1,050 | 64 | $51,773 |
| Haring | — | +6.5%† | $1,050 | — | $74,563 |
| Clam Lake | — | +6.4%† | $1,050 | — | $86,429 |
| Cherry Grove | — | +6.5%† | $1,060 | — | $97,177 |
† FHFA price index change, where Zillow has no home value for the town.
4.6 years of income
The typical Cadillac home costs about 4.6 years of the town's median household income, more than across Michigan (3.7 years).
How Cadillac ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Cadillac is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cadillac pay a median of $842, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $790 · 4 bedrooms $1,530
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49601; Lake County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Cadillac
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.