Cedar, MI—49621
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cedar, MI
As of Oct '25, the median home price in Cedar, MI is $506,000, with a year-over-year change of 0.8%. This indicates that home prices in Cedar, MI are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $506,000 | 0.8% |
| Single Family | $507,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $499,000 | 1.4% |
4 Bed | $608,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cedar, MI
As of July '25, Rentcast reports the average rent in Cedar, MI is $1,500, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Cedar, MI is 1-bedrooms: $1,500. The most common rental property sizes in Cedar, MI are 2-bedroom and 3-bedroom, accounting for 48.6% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cedar, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar, MI is 63. This is a decrease of -24.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $727,000 | 32.0% |
Listing Count | 21 | -14.0% |
| Listings as % of Homes | 0.2% | -14.0% |
Days on Market | 63 | -24.0% |
Demographics — Cedar, MI
As of the latest ACS Survey released in 2023, Cedar, MI has a population of 3,700, which has increased by 6.2% over the past 5 years. Cedar, MI is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,700 | 6.2% |
% Under 18 | 20.8% | 16.2% |
% Seniors | 26.6% | 19.8% |
% WFH | 14.7% | 81.5% |
% w/ College Degree | 42.5% | 11.0% |
As of the latest ACS Survey released in 2023, Cedar, MI is a predominantly white area, with 94.2% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Cedar, MI is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.5% of the population in Cedar, MI, and this percentage has decreased by 28.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.2% | -1.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.8% | -30.8% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 1.5% | -28.6% |
Mortgage and Risk — Cedar, MI
According to HUD data as of 2023, there were 68 mortgage originations in Cedar, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Cedar, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Cedar, MI
Cedar, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,500 | $1,110 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | N/A | N/A | $1,510 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Cedar, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $506,000 |
| Median Household Income | $92,800 |