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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Cedar Springs, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cedar Springs, MI Housing Market Trends

With 3,664 people, 1,537 houses or apartments, and a median cost of homes of $309,540, Cedar Springs real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cedar Springs, accounting for 54.11% of the city's housing units. Other types of housing that are prevalent in Cedar Springs include duplexes, homes converted to apartments or other small apartment buildings ( 17.19%), mobile homes or trailers ( 14.53%), and a few large apartment complexes or high rise apartments ( 11.56%).

The most prevalent building size and type in Cedar Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.78% owning and 44.22% renting.

There is a lot of housing in Cedar Springs built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cedar Springs built between 1940-1969 ( 28.57%). A lesser amount of the housing stock also hails from before 1939 ( 20.72%). There's also some housing in Cedar Springs built between 2000 and later ( 14.22%).

Cedar Springs Home Appreciation Rates

In the last 10 years, Cedar Springs has experienced some of the highest home appreciation rates of any community in the nation. Cedar Springs real estate appreciated 139.98% over the last ten years, which is an average annual home appreciation rate of 9.15%, putting Cedar Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cedar Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Cedar Springs's appreciation rate, at 6.20%, has been at or slightly above the national average. In the latest quarter, Cedar Springs's appreciation rate has been 3.40%, which annualizes to a rate of 14.32%.

Importantly, this makes Cedar Springs one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Cedar Springs's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$309,540

Cedar Springs, MI Home Prices
> $1,495,000
$1,121,001 - $1,495,000
$747,001 - $1,121,000
$598,001 - $747,000
$448,001 - $598,000
$299,001 - $448,000
$150,001 - $299,000
$75,001 - $150,000
$0 - $75,000
1.0%
1.0%
0.0%
0.0%
0.0%
0.0%
0.5%
0.5%
7.7%
7.7%
43.6%
43.6%
35.8%
35.8%
5.0%
5.0%
6.5%
6.5%
0% 100.0%
% of Homes
High

for Michigan

Average

for nation

Number of Homes And Apartments:

1,537

Cedar Springs Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,748 / per month

Homeownership Rate

Owners
Renters
55.8%
55.8%
44.2%
44.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.9%
4.9%
95.1%
95.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.2%
14.2%
36.5%
36.5%
28.6%
28.6%
20.7%
20.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
54.1%
54.1%
2.6%
2.6%
17.2%
17.2%
11.6%
11.6%
14.5%
14.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
8.4%
8.4%
36.3%
36.3%
38.1%
38.1%
17.2%
17.2%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Cedar Springs

Zip Codes in Cedar Springs, MI