Cedar, MI housing market
The typical Cedar home is worth about $524,000, up 1.6% in a year, 97% above the Michigan typical home.
Home values, sales, trends and how Cedar compares with the towns next door — updated as new data is published.
Cedar at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Cedar | Michigan |
|---|---|---|
| 2017 | $262,000 | $144,000 |
| 2018 | $290,000 | $155,000 |
| 2019 | $298,000 | $165,000 |
| 2020 | $323,000 | $175,000 |
| 2021 | $357,000 | $194,000 |
| 2022 | $445,000 | $217,000 |
| 2023 | $480,000 | $230,000 |
| 2024 | $497,000 | $241,000 |
| 2025 | $518,000 | $253,000 |
| 2026 | $523,000 | $262,000 |
| August 2026 | $524,000 | $266,000 |
Cedar and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Cedar | $524K | +1.6% | $980 | $62,045 |
| Lincoln | — | +17.2%† | $970 | $69,896 |
| Rose Lake | — | +12.5%† | $990 | $62,083 |
| Hersey | $201K | +8% | $970 | $61,538 |
| Osceola | — | +3.7%† | $1,010 | $53,869 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Cedar is $980 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $740 · 4 bedrooms $1,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49631, 49639, 49655, 49677; 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 Cedar
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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.