Performance indicators for the Cadillac short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Cadillac.
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Challenging to Investors
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.
Local STR Agent
STR specialist · Cadillac, MI
Cadillac ( KADD-ə-lack) is a city in and county seat of Wexford County in the U.S. state of Michigan. The population was 10,371 at the 2020 census, making it the second most-populated city in the Northern Michigan region, after Traverse City. Cadillac was settled as early as 1871 and formerly known as the village of Clam Lake before incorporating as a city in 1877. The city is located upon the shores of Lake Cadillac, connected by the Clam Lake Canal to Lake Mitchell. The Clam River, which begins Cadillac, is part of the Muskegon River watershed. Cadillac is the junction of three major highways: US Highway 131, M-55, and M-115. The geographic center of Michigan is approximately five miles (8.0 km) north-northwest of Cadillac. Cadillac is the primary city of the Cadillac micropolitan area, which includes all of Wexford County and Missaukee County to the east, and had population of 48,725 at the 2020 census.