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Cadillac

Learn about the people, housing, costs and businesses in Cadillac, Michigan

Median Home$150,679
Median Rent$859/month
Population10,768
Leading IndustriesRetail · Professional Services26% retail
Home Value Growth⬆⬆+18.6% over 2 years
Young Adults27% of residentsnear the national average
Homeowners73% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableTransit80/100 · excellent transit access
Cadillac
MI

Frequently Asked Questions

What are today's mortgage rates in Cadillac?

As of today, the 30-year fixed mortgage rate for Cadillac is approximately 6.956% (6.997% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cadillac?

The median home value in Cadillac is $151k. The median monthly rent is $859. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cadillac?

Home values in Cadillac have increased 18.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cadillac?

Based on a typical all-in ownership cost of $886/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cadillac is $57k/year.

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What industries drive the economy in Cadillac?

The largest employment sectors in Cadillac are retail (26%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.