Cadillac, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Cadillac short-term rental market based on reliable data.

Listings

59 / 108

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$28,466

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$237,843

Median Home Sale Price

Top Earners

$74,121

Top-Earners Revenue

Cadillac

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Cadillac.

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C

Challenging to Investors

Cadillac Regulations

Cadillac allows STRs in select commercial zones (B‑2 and B‑3, the latter via special use), plus several C‑districts with site‑plan approval, but requires multi‑step permitting, biennial inspections, and tight operational rules (max 89‑day stays, strict occupancy/parking, management availability). The process is clearly defined but relatively burdensome, and permits can be revoked for code or operational lapses—creating moderate investor risk and thus a Challenging grade.

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About Cadillac

Cadillac, Michigan sits in the northwestern Lower Peninsula as the county seat of Wexford County, with a population of approximately 10,000 residents. The community carries the easy pace of a classic northern Michigan small town, shaped by its 19th-century lumber and iron heritage and ringed by lakes, rivers, and state and national forestland. Today it functions as a natural gateway to the Manistee National Forest and the surrounding inland lake country, drawing visitors in every season for boating, fishing, hiking, skiing, and snowmobiling. From Cadillac, Grand Rapids — the nearest large metropolitan area — lies roughly 100 miles to the south, a drive of about two hours via US-131, while Traverse City is about an hour to the north.

Just minutes from the city center, the Manistee National Forest sprawls across nearly a million acres of northern Michigan and offers a year-round playground of rivers, hiking trails, campgrounds, and groomed snowmobile routes. The forest's southern edge effectively wraps around Cadillac, making it the closest major public-land destination for visitors who want to step from a downtown rental directly into pine and hardwood wilderness within a short drive.

Within the city limits, Lake Cadillac and Lake Mitchell — two adjoining lakes connected by the Clam River — anchor the community's recreation scene. Their public parks, boat launches, swimming beaches, and shoreline trails make them accessible for paddling, sailing, and ice fishing in winter, and they form the centerpiece of the city's identity as a lake town.

To the north, Caberfae Peaks rises roughly 20 miles from Cadillac, providing downhill skiing and snowboarding in winter and a championship golf course in summer. The resort has long been a draw for families and outdoor enthusiasts from across the Lower Peninsula, giving short-term rental owners a built-in winter audience when the lakes quiet down. Several other inland lakes and smaller ski hills dot the surrounding countryside as well, reinforcing the area's reputation for uncrowded, nature-focused getaways.

With its central position in the Lower Peninsula, four-season appeal, and proximity to both Traverse City and the Lake Michigan shoreline, Cadillac pairs small-town affordability with a remarkably diverse range of nearby draws. For short-term rental investors, it offers a base that serves summer lake-goers, fall color-seekers, winter skiers, and spring hikers alike, all without the higher entry costs of Michigan's more famous resort towns.

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