Cedar, MI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

24 / 56

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$37,324

Middle-Earners Revenue

Occupancy

58%

Middle-Earners Occupancy

Home Value

$522,464

Median Home Sale Price

Top Earners

$84,904

Top-Earners Revenue

Cedar

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Cedar.

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B

Generally Investor friendly

Cedar Regulations

STRs are clearly permitted in Cedar, Michigan with a manageable $200 annual permit fee and defined application process. However, the 150-permit annual cap and first-come, first-served allocation system create supply constraints and competitive pressure for investors, while annual renewals add operational complexity.

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About Cedar

Cedar is a small unincorporated community in Leelanau County, nestled in the northwestern Lower Peninsula of Michigan along the famously scenic M-22 highway. With only a few hundred residents, Cedar has the quiet, unhurried feel of a rural crossroads, yet its location places it at the heart of one of the Midwest's most popular four-season vacation regions. It is best known as a southern gateway to the Leelanau Peninsula and the Sleeping Bear Dunes National Lakeshore, and sits roughly 20 miles northwest of Traverse City, the nearest major city and the regional hub for air travel, dining, and shopping.

The Sleeping Bear Dunes National Lakeshore is the marquee draw of the area, attracting visitors year-round to its towering sand bluffs, cold-water Lake Michigan beaches, and the celebrated Pierce Stocking Scenic Drive. The park's main visitor areas near Empire are about a 15- to 20-minute drive from Cedar, and several less-crowded trailheads and beach access points lie even closer along M-22. The lakeshore is a favorite for dune climbing, backcountry hiking, and fall color drives, and it consistently ranks among the most visited units of the National Park System in the Midwest.

Just to the north of Cedar, the Leelanau Peninsula unfolds into rolling farmland, cherry orchards, and a celebrated wine trail, with dozens of tasting rooms scattered between Suttons Bay, Leland, and Northport. Travelers come for cool-climate varietals such as Riesling, pinot noir, and Chardonnay, as well as for the sweet-tart cherries that have made the surrounding region famous. Cedar sits at the southern foot of the peninsula, making it a natural home base for visitors who want to spend their days touring wineries and exploring small harbor towns without having to relocate.

A short drive east brings travelers to Traverse City, the largest community in northern Michigan and a lively destination known for its National Cherry Festival, waterfront parks, and a bustling downtown filled with restaurants, breweries, and galleries. Grand Traverse Bay, with its sandy East and West arms, is a draw for boaters, paddlers, and beachgoers, while the surrounding countryside fills with snowmobilers, skiers, and fat-tire bikers once winter sets in.

With its quiet rural character, its central position between Traverse City and the Leelanau Peninsula, and its proximity to one of the country's most beloved national lakeshores, Cedar offers short-term rental owners a setting that pairs small-town calm with easy access to some of Michigan's biggest tourist draws in every season.

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