Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cheboygan area can be challenging. Home prices in Cheboygan are now at a median cost of $144,290, lower than the Michigan average of $196,062.
The average cost of rent is $756/mo in Cheboygan, primarily driven by the current value of real estate in the Cheboygan area. While nearly 50.55% of residents own their homes outright in Cheboygan, 17.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cheboygan is $4,571 per month. Households that rent pay about 16.53% of their income on rent here. Cheboygan's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Mullett Lake, MI: equally priced homes
- Point Nipigon, MI: equally priced homes
- Alverno, MI: higher priced homes
- Birchwood, MI: equally priced homes
- Long Point, MI: higher priced homes
- Topinabee, MI: equally priced homes
- Pointe Aux Pins, MI: higher priced homes
- Van, MI: equally priced homes
- Indian River, MI: higher priced homes
- Brutus, MI: higher priced homes
Cities with Similar Populations
- Newcastle, OK: higher priced homes
- Mercer, PA: equally priced homes
- Middle Island, NY: higher priced homes
- Middleboro, MA: higher priced homes
- Middlebury, IN: higher priced homes
- Middlesboro, KY: less expensive homes
- Middletown, MD: higher priced homes
- Middleville, MI: higher priced homes
- New Baltimore, VA: higher priced homes
- Menominee, MI: less expensive homes
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