Cedar, MI 49621 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cedar, MI—49621

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$506,000

0.5% YoY Growth

Household Income

$92,800

46.8% YoY Growth

Days on Market

47.0% Shorter YoY

Home Price Forecast

3.8%

Median Rent

$1,500

0.0% YoY Growth

1-Bed Rent

$1,500

0.0% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Cedar, MI

As of Dec '25, the median home price in Cedar, MI is $506,000, with a year-over-year change of 0.5%. This indicates that home prices in Cedar, MI are flat. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$506,000	0.5%
Single Family	$508,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

7.7%

1 Bedroom

7.7%

2 Bedrooms

48.6%

3 Bedrooms

27.5%

4 Bedrooms

8.5%

Property Listings — Cedar, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Cedar, MI is 46. This is a decrease of -32.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$737,000	23.0%
Listing Count	15	-8.0%
Listings as % of Homes	0.2%	-8.0%
Days on Market	59	-47.0%

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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%

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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%

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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%

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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

Cedar, MI—49621

Key Metrics at a Glance

Home Price Trends — Cedar, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cedar, MI

% of Rental Stock

Property Listings — Cedar, MI

Demographics — Cedar, MI

Race and Ethnicity

Mortgage and Risk — Cedar, MI

Mortgages

Rentals and Section 8 — Cedar, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Cedar, MI

Home Price to Income Ratio

Cedar, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Traverse City, MI

Maple City, MI

Lake Leelanau, MI

Lake Ann, MI

Suttons Bay, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$506,000
Median Household Income	$92,800

Cedar, MI—49621

Key Metrics at a Glance

Home Price Trends — Cedar, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cedar, MI

% of Rental Stock

Property Listings — Cedar, MI

Demographics — Cedar, MI

Race and Ethnicity

Mortgage and Risk — Cedar, MI

Mortgages

Rentals and Section 8 — Cedar, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Cedar, MI

Home Price to Income Ratio

Cedar, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Traverse City, MI

Maple City, MI

Lake Leelanau, MI

Lake Ann, MI

Suttons Bay, MI

Frequently Asked Questions

What is the average home price in Cedar, MI 49621?

How have home prices in Cedar, MI 49621 changed over the past year?

What is the home price projection for Cedar, MI 49621?

What are the demographics of Cedar, MI 49621?

How long does it take homes to sell in Cedar, MI 49621?

What is the average rent price in Cedar, MI 49621?