Cedar, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Cedar short-term rental market based on reliable data.
Listings
23 / 51
Reliable / Active
Cap Rate
5%
Middle-Earners Gross Yield
Revenue
$23,791
Middle-Earners Revenue
Occupancy
53%
Middle-Earners Occupancy
Home Value
$493,088
Median Home Sale Price
Top Earners
$77,442
Top-Earners Revenue
Cedar
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Cedar.
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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.
Local STR Agent
STR specialist · Cedar, MI
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.