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City · 10,445 residents · Wexford County, Michigan

Cadillac , Michigan

In Cadillac, a typical home is worth $134,300 and typical rent is $842 a month. Compared with all of Wexford County, the typical home value is 21% lower, typical household income is 15% lower, and the share of households that own their home is 12 points lower.

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  • Typical home value

    $134,300

    21% below the county

    42% below Michigan

    • Cadillac
    • Wexford
    • Michigan

  • Typical rent

    $842a month

    6% below the county

    25% below Michigan

    • Cadillac
    • Wexford
    • Michigan

  • Typical household income

    $51,773a year

    15% below the county

    29% below Michigan

    • Cadillac
    • Wexford
    • Michigan

  • Households that own their home

    69%

    12 points below the county

    4 points below Michigan

    • Cadillac
    • Wexford
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$235,422
5.4% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Cadillac is in Wexford County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Wexford County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cadillac apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Cadillac is worth $134,300, 21% less than in Wexford County as a whole ($170,400).

  2. 69% of households in Cadillac own their home, against 81% in Wexford County.

  3. The typical household income in Cadillac is $51,773, 15% less than in Wexford County as a whole ($61,085).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Cadillac

What homes there are in Cadillac, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Cadillac, 7 in 10 homes are single-family detached houses; in Wexford County, 8.

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 98% of owner-occupied homes in Cadillac are worth less than $500,000, below the FHA loan limit for Wexford County ($541,287).

Monthly rent with utilities

About 80% of rented homes in Cadillac cost less than HUD's 2-bedroom fair market rent for Wexford County ($1,149).

With a mortgage

$1,137 a month

Wexford County: $1,290 a month

Without a mortgage

$476 a month

Wexford County: $510 a month

Owners with a mortgage

61%

Wexford County: 56%

The typical cost for an owner with a mortgage in Cadillac is $1,137 a month, less than in Wexford County ($1,290); without one, $476.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Cadillac gained value faster than in Wexford County: 74% against 57%.

The typical rent in Cadillac rose 33% over the same time; in Wexford County, it rose 27%.

The typical household income in Cadillac rose 41% over that time; home values changed +74% and rent +33%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCadillacWexford CountyMichiganUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate2.9%1.6%3.4%
People per household 2.252.452.422.53
Drive alone 72%77%74%69%
Carpool 10%12%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 7%3%2%3%
Work from home 9%7%14%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.25 on average, against 2.45 in Wexford County.

More people walk or bike to work in Cadillac: 7%, against 3% in Wexford County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cadillac?

A typical home is within reach of the typical income

We start with a typical home in Cadillac, worth $134,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Cadillac, which is $51,773 a year.

The calculator's FHA and conventional loan limits are those of all of Wexford County.

Your numbers

Local data
$

Starts at the typical home value in Cadillac. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,701 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,181

at 7.18% · 30 years

Loan amount
$131,867
Total interest
$189,726
Paid off in
November 2056

Includes $2,268 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,208 a month

    Your payment · 27%

  • Tight

    $1,208 to $1,553 a month

  • Hard

    more than $1,553 a month

Compared with the typical household income in Cadillac ($51,773 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,181
Principal & interest$893
Property tax$172
Home insurance$56
FHA mortgage insurance (MIP)$59

You need at least $4,701 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cadillac and Wexford County

Cadillac is in Wexford County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cadillac's own numbers

Typical home value
$134,300
Typical monthly rent
$842
Typical yearly household income
$51,773
Households that own their home
69%
Effective property tax rate
1.54%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Wexford County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,149
Price change over 5 years (FHFA)
+69%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wexford County.

Everything about Wexford County

Buying

Buying a home in Cadillac

A typical home in Cadillac is worth $134,300: 21% below the county and 42% below Michigan. With the typical household income in Cadillac ($51,773 a year), a typical home costs 2.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cadillac 2.6 years
  • Wexford 2.8 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Wexford County

According to FHFA’s house price index, home prices in Wexford County rose 128% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Wexford County.

Period County Michigan U.S.
Last year (2025) +4.3% +4.7% +2.9%
5 years (2020–2025) +69% +52% +47%
10 years (2015–2025) +128% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cadillac next to Wexford County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cadillac $134,300
  • Wexford $170,400
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Cadillac $842
  • Wexford $897
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Cadillac $51,773
  • Wexford $61,085
  • Michigan $72,875
  • United States $80,734
See the full table
Cadillac next to Wexford County and Michigan
Measure Cadillac Wexford County Michigan U.S.
Typical home value $134,300 $170,400 $231,600 $332,700
Typical monthly rent $842 $897 $1,129 $1,413
Typical yearly household income $51,773 $61,085 $72,875 $80,734
Households that own their home 69% 81% 73% 65%
Typical yearly property tax $2,062 $1,927 $2,904 $3,119
Effective property tax rate 1.54% 1.13% 1.25% 0.94%
Renters with high rent for their income 54% 52% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wexford County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cadillac

For a typical $134,300 home in Cadillac, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cadillac's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,181a month

    Least cash to close
    Down payment
    $4,701
    Cash to close
    $8,730
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $59

  • Conventional, 5% down $1,156a month

    Down payment
    $6,715
    Cash to close
    $10,744
    Rate
    7.18%
    Mortgage insurance
    PMI · $64

  • Conventional, 20% down, no PMI $956a month

    Down payment
    $26,860
    Cash to close
    $30,889
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,080a month

    Down payment
    $20,145
    Cash to close
    $24,174
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cadillac and for Wexford County.

Property tax

Effective rate in Cadillac

1.54%of the home’s value each year

$2,062 a year for the typical owner in Cadillac.

  • Cadillac 1.54%
  • Wexford 1.13%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Wexford County

FEMA does not publish these numbers by city: they are for all of Wexford County.

FEMA’s maps count no homes in the high-risk zone in Wexford County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cadillac

Typical rent in Cadillac is $842 a month: 6% below the county. In Cadillac, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Wexford County, by unit size. To pay the 2-bedroom one ($1,149 a month) without spending more than 30% of your income, you would need to earn $22.10 an hour working full time.

HUD fair market rent for all of Wexford County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $800 $15.38 $32,000
1 bedroom $878 $16.88 $35,120
2 bedrooms $1,149 $22.10 $45,960
3 bedrooms $1,412 $27.15 $56,480
4 bedrooms $1,707 $32.83 $68,280

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cadillac

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cadillac is in ZIP code 49601.

For 2 bedrooms it is $1,120: $29 less than the fair market rent for Wexford County ($1,149).

  • 49601 $1,120$1,370

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cadillac when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Cadillac

HUD lists 8 buildings with rents for lower incomes in Cadillac. These are the largest.

  • Harbor View Apts 329 South St, Cadillac 49601 131 low-income homes · 1 bd: 120 · 2 bd: 11 · In service since 2006 · For older adults, families (231) 775-0831
  • Kirtland Terrace 111 S Simon St, Cadillac 49601 125 low-income homes · Run by Cadillac Housing Commission · Average payment: $478 a month · Average wait: 43 months (231) 775-9491
  • Cadillac Shores 600 Cadillac Shores Dr, Cadillac 49601 110 low-income homes · 1 bd: 22 · 2 bd: 66 · 3 bd: 22 · In service since 2014 · For families
  • Cadillac Shores 621 Cadillac Shores Dr, Cadillac 49601 110 low-income homes · For families (231) 775-8509
  • Northern Park Apts 301 Pearl St, Cadillac 49601 64 low-income homes · 1 bd: 33 · 2 bd: 31 · In service since 2009 · For older adults, people with disabilities, families, people experiencing homelessness

See all 10 buildings in Wexford County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Cadillac

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Wexford County; none says it serves in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Cadillac

No down payment, repair or rent-help program on our list is for Cadillac or Wexford County. The ones below are statewide in Michigan: they work in Cadillac the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Cadillac

The HUD-approved agencies closest to the center of Cadillac, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Northwest Michigan Communty Action Agency , Inc

    1640 Marty Paul St, Cadillac · 1 miles away

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (231) 947-3780

  • Northwest Michigan Community Action Agency, Inc

    3963 3 Mile Rd N, Traverse City · 35 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 9 more
    (231) 947-3780

  • Michigan State University Extension - Clare C

    225 W. Main St, Harrison · 35 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (989) 539-7805

Every agency in Wexford County All counseling agencies in Michigan

Help in Spanish near Cadillac

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cadillac

HUD’s record names them for Cadillac or Wexford County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Cadillac Housing Commission Public housing and Section 8 vouchers (231) 775-9491

All housing agencies in Michigan Source: HUD

Cities

Nearby cities

The cities closest to Cadillac, with the typical home value.

Everything about Wexford County Housing in Michigan

Neighboring counties

If Wexford County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cadillac.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Cadillac

Short answers with the numbers for Cadillac and all of Wexford County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cadillac?

The typical home value in Cadillac is $134,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wexford County it is $170,400.

How much does it cost to rent in Cadillac?

Typical rent in Cadillac is $842 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wexford County is $1,149.

What is the FHA loan limit in Cadillac?

Cadillac uses the FHA limit for all of Wexford County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cadillac?

The typical homeowner in Cadillac pays $2,062 a year, according to the U.S. Census Bureau. That is 1.54% of the home’s value; in Wexford County, the rate is 1.13%.

Where can I find free help to buy or rent in Cadillac?

There is 1 HUD-approved counseling agency with an office in Wexford County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).