Housing in Cheboygan, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$213,444
Cheboygan vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Cheboygan is highlighted.
Median Home Value
30th%ilemost expensive$118,700show rank
Median Rent
21st%ilemost expensive rent$733show rank
Rent Burden
68th%ilehighest rent burden21.3%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$118,700
Median Rent
$733
Total Housing Units
2,338
Vacancy Rate
14.1%
Owner Occupied
64.8%
Renter Occupied
35.2%
Median Property Tax
$1,843
per year
Monthly Cost (w/ Mortgage)
$654
Housing Types
Single Family69.9%
Multi-Family21.5%
Mobile Home8.6%
The median home value in Cheboygan, MI is $118,700. According to Zillow, the home value index for Cheboygan is $213,444. The median rent is $733 per month (Census ACS). About 64.8% of housing units are owner-occupied. The median year homes were built is 1964. There are 2,338 total housing units.