Julie HoweCertified Residential Appraiser
(231) 929-3930
Market file · Wexford County, Michigan

Cadillac home appraisals

A whole lake inside city limits shapes Cadillac pricing. Lake Cadillac covers 1,150 acres and every foot of it sits within the city. Zillow's typical Cadillac value was $235,422 as of Sept 30, 2026, up 5.4% in a year, while the Census median for owner occupied homes was $134,300 on 2020 to 2024 data.

$235,422Zillow typical home value, Cadillac, as of Sept 30, 2026
5.4%Zillow one year change in Cadillac typical value, Sept 2026
$134,300Median value of owner occupied homes, Census QuickFacts, 2020 to 2024
1,150 acresLake Cadillac, entirely within city limits, Wikipedia

One lake, two very different streets

Lake Cadillac's shoreline and the blocks a few streets back can sit in the same school district and still trade at very different prices. Wikipedia describes the residential areas as mostly single family homes along the north and south stretches of the lake, with downtown on the east shore along Mitchell Street. A sale on the water and a sale inland are rarely a clean match for each other.

Cadillac allows short term rentals only in commercial districts. No residential district permits them.

Lumber money on Courthouse Hill

Cadillac grew out of an 1871 sawmill at Clam Lake and filled with Swedish lumber workers before the timber ran out early in the twentieth century. The Courthouse Hill Historic District, recognized in April 2005, holds the large Victorian homes built by lumber barons and merchants next to downtown. It is also the densest part of the city.

A house from the 1890s and a 1970s ranch can share a block and not much else when comparables are chosen. Haring Charter Township, on the city's north line, and Clam Lake Township, to the south, add newer suburban stock to the search area.

Areas, lakes and neighborhoods in this file
  • Downtown Cadillac
  • Courthouse Hill
  • Cadillac West
  • Lake Cadillac shoreline
  • Haring Charter Township
  • Haring
  • Missaukee Junction
  • Round Lake
  • Clam Lake Township
  • Hobart

Landmarks around Cadillac

Common questions

Can I run a short term rental in a Cadillac neighborhood?
Not under current rules. Cadillac News reported in June 2026 that the city allows short term rentals only in its TS-1, TS-2, B-1, B-2 and B-3 districts, and not in any residential district. TS and B-1 allow them by right, while B-2 and B-3 need a special land use permit. In September 2025 the council approved one on Mitchell Street through that permit.
Is all of Lake Cadillac inside the city?
Yes. Wikipedia lists Lake Cadillac at 1,150 acres, entirely within city limits. Lake Mitchell is different: it covers 2,580 acres on the west side, and only 1,760 feet of its shoreline falls inside the city. The rest of that shoreline belongs to Cherry Grove and Selma townships, so a Lake Mitchell address can carry township taxes and rules.
Appraisal RequestCadillac