Cadillac, MI home prices
Typical home $230,045 · +5.5% in a year · income needed $67,300
The Cadillac, MI metro area ranks 520 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +5.5% in a year and +23.0% over five years. With 20% down at 7.11%, the typical home costs about $1,570 a month including 1.13% property tax (Wexford County rate).
Mortgage on the typical Cadillac home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $46,009 | $184,036 | $1,238 | $0 | $332 | $1,570 | $67,300 |
| 10% down | $23,005 | $207,041 | $1,393 | $86 | $332 | $1,811 | $77,600 |
| 5% down | $11,502 | $218,543 | $1,470 | $91 | $332 | $1,893 | $81,100 |
| 3.5% down (FHA) | $8,052 | $225,878 | $1,519 | $102 | $332 | $1,953 | $83,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.13% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Cadillac area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wexford County, MI | $232,555 | +4.4% | 1.13% |
| Missaukee County, MI | $225,043 | +7.4% | 0.98% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Cadillac?
The typical home in the Cadillac, MI metro area is worth $230,045 (Zillow, September 2026).
What salary do you need to buy a house in Cadillac?
About $67,300 a year for the typical home with 20% down at 7.11%.