The Most Affordable Neighborhoods in Cheboygan County, MI by Home Value

 

Cheboygan County, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cheboygan County area can be challenging. Home prices in Cheboygan County are now at a median cost of $200,885, lower than the Michigan average of $250,415.

The average cost of rent is $823/mo in Cheboygan County, primarily driven by the current value of real estate in the Cheboygan County area. In Cheboygan County, 14.37% of households rent, and 48.86% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cheboygan County is $5,475 per month. Households that rent pay about 15.03% of their income on rent here. Cheboygan County’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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