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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Cadillac, MI Housing Affordability Index

Cadillac, Michigan has an MBR Housing Affordability Index score of 124.2 (Highly Affordable) as of October 30, 2026, ranking 333rd most affordable of 629 scored Michigan cities, compared with 108.6 statewide and 97.4 nationally. On a median-priced $134,300 home with 20% down, the Michigan average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $737, or 17% of the city’s $51,773 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Cadillac is updated every night from live Michigan mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Cadillac MBR-HAI 124.2 Highly Affordable
Rank in Michigan 333 of 629 1 = most affordable
Michigan 108.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Michigan lenders
Median home value $134,300 U.S. Census Bureau

Cadillac is 15.6 points above the Michigan score. Scores as of October 30, 2026. See the Michigan index

View Cadillac Mortgage Rates

What It Takes to Buy in Cadillac

$737/mo
Principal & Interest
Median home, 20% down, 7.31%
$31,600
Income Needed
To keep the payment at 28% of income
$51,773
Median Household Income
Michigan: $72,875
2.6x
Price-to-Income Ratio
Michigan: 3.2x
$867/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,126/yr
Median Property Tax
1.58% of median value
18.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
52.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Cadillac, Michigan. The rate is the Michigan average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Cadillac Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Cadillac, Michigan score: 124.2 (Highly Affordable), ranked 333 of 629 Michigan cities. monitorbankrates.com/housing-affordability-index/michigan/cadillac”