Market Overview
Home Prices in Cadillac, MI
The median home value in Cadillac, MI is $241,400 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cadillac are priced41% below average. Cadillac is part of the Cadillac, MI metro area.
Over the past five years, Cadillac home values have risen by approximately35.2%, reflecting strong long-term appreciation in this market.
Price History
Cadillac Home Price Trend
City Comparison
Cadillac vs. National Median
At $241,400, homes in Cadillac cost 41% below the national median of $410,000. This makes Cadillac a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cadillac?
20% Down Payment
$48,280
on $241,400
Monthly P&I
$1,259/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,599/mo
incl. taxes & insurance
Income Needed
$63,960
gross annual (30% rule)
10% Down Option
$24,140
+ PMI applies
Loan Amount (20% dn)
$193,120
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cadillac, MI?
The median home value in Cadillac is $241,400 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Cadillac?
Over the past year, home values in Cadillac have increased by 4.5%. Over five years, prices have risen approximately 35.2%.
How much do I need to earn to buy a home in Cadillac?
To comfortably afford the median home price of $241,400 with a 20% down payment ($48,280) at today's rates (6.8%), you'd need a gross annual income of approximately $63,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Cadillac compare to the national average home price?
The national median home value is approximately $410,000. At $241,400, homes in Cadillac are 41% below the national average.
What metro area is Cadillac part of?
Cadillac is part of the Cadillac, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.