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

27 / 52

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$28,910

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$489,491

Median Home Sale Price

Top Earners

$80,858

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 an unincorporated community and census-designated place in Leelanau County in the U.S. State of Michigan. The CDP had a population of 102 at the 2020 census. Cedar is located within Solon Township, and lies about 10 miles (16 km) northwest of Traverse City. The town is known for its Polish heritage, and is home to an annual polka festival.As an unincorporated community, Cedar has no legal autonomy of its own. However, it does have its own post office with the 49621 ZIP Code.

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