The median home in Cedar, Michigan is valued at $490,179, up 0.9% year over year. Cedar is part of the Traverse City, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Traverse City, MI stress score, crash risk, and 12-month forecast →

Home Value$490,179

+0.9%

AFFORDABILITY

Enter your income for Cedar.

Income (annual)

Down Payment

$98,036 on $490,179

Out of reach — 51.9% of income

Need $138,900/yr to afford.

PITI$3,241

P/I51.9%

Afford$265K

Gap-$226K

P&I $2,479Tax $629Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Cedar with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Traverse City, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Traverse City, MI metro.

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CEDAR, MI