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Cedar, MI
Full City Profile · Michigan · Grand Traverse County County
3.8
/5.0
B+
Good
26
Population
144/sq mi density
$51,875
Median Income
$41,096 per capita
$793
Median Rent
28.3% income on rent
46°F
Avg Temperature
270 sunny days/yr
305
Violent Crime/100K
1,840 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$51,875 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
F
Safety
1.0 / 5.0
305 violent crimes/100K
A+
Education
5.0 / 5.0
69.2% bachelor's degree or higher
Housing Overview
Median Rent
$793/mo
32% below
US avg: $1,163/mo
Homeownership Rate
47.8%
27% below US avg (65.4%)
Total Housing Units
32
Median year built: 1938
Ownership vs. Renting
47.8%
Owner-Occupied
52.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$793/mo
Affordability & Housing Stock
Rent Burden
28.3%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
47.8%
Complete Housing Data
Home Values
| Zillow Home Value (ZHVI) | $489,491 |
Rent
| Census Median Rent | $793 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 47.8% |
| Renter-Occupied | 52.2% |
| Homeownership Rate | 47.8% |
| Total Housing Units | 32 |
| Median Year Built | 1938 |
| Rent Burden | 28.3% |