Foreclosure Homes in Cedar, MI

Current Market Conditions in Cedar, MI

Cedar's real estate market is currently stable, with a moderate increase in home sales and demand for properties. The picturesque setting and community charm continue to attract buyers, especially those searching for vacation homes or tranquil places to retire. Home values have seen a slight appreciation over the past few months, indicating a solid market for sellers. Buyers are drawn to the area's beauty, which has contributed to sustained interest from those moving to or visiting Leelanau County.

In recent years, Cedar has experienced a rise in the number of vacation rentals, which has impacted real estate dynamics. Investment in the area remains strong as more individuals recognize the potential for income-generating properties amid the stunning landscape that Cedar offers.

Rent Prices In Cedar, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cedar, MI, is on a rollercoaster ride. The average rent price in Cedar, MI, is $1,424.00. Indeed, when looking to rent in Cedar, MI, you can expect to pay as little as $900.00 or as much as $2,540.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Cedar, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.