The story of this market
The typical home in Cheboygan County, Michigan sells for about $320,000, or $214 per square foot.
Prices are down 20.01% from a year ago, which gives buyers more room to negotiate. Homes take about 85 days to sell, which is slow. Over the long run, values in this county have grown 108% since 2000. Last year 6 of 9 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is riverine flooding, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,104 a month.
HUD sets the fair market rent for a 2-bedroom at $1,104 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+1%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+19.4%). Worst: 2011 (-7.5%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,315
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+1%
2025 change
FHFA repeat-sales index, median of 9 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
74
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $15,259,672.
Mortgage activity
Home lending in this county
76.7%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 863 | 483 | 76.7% | 2.6% | $165,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Cheboygan County, Michigan
The Cheboygan County housing market is experiencing a cooling phase with a significant year-over-year decline in median listing prices. High inventory relative to sales volume and a softening price trend indicate a shift toward a more buyer-friendly environment. Market participants are adopting a cautious stance as price momentum slows.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 4 cities · 6 ZIP reports
Median prices moved up 9.8% year over year.
Homes spend a median of 105 days on market with 0.1 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 97.49% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 12.4% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Cheboygan County, Michigan — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 22
researched Sep 22
researched Sep 22
researched Sep 22
researched Oct 1
researched Sep 22
| 49721 | Cheboygan | $284,500 | $145 | +9.9% | 105 | 98% | — | — | 111 | $732 | researched Sep 22 |
| 49722 | Conway | $429,000 | $226 | -2.4% | 57 | — | — | 9.6 | — | $1,104 | researched Sep 22 |
| 49749 | Indian River | $365,000 | $215 | -12.1% | 62 | 97.5% | 12% | 4.1 | 62 | $950 | researched Sep 22 |
| 49791 | Topinabee | $245,000 | $185 | +2.4% | 92 | 97.2% | 12% | 6.8 | 48 | $1,750 | researched Sep 22 |
| 49797 | Waters | $245,000 | $168 | +4.2% | 84 | 96.5% | 12% | 5.2 | 42 | $1,150 | researched Oct 1 |
| 49799 | Wolverine | $249,900 | $168 | +4.2% | 84 | 96.5% | 12% | 9.4 | 32 | $675 | researched Sep 22 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The economy is largely driven by tourism, seasonal recreation, and local services.
The county is served by major state highways including US-23 and I-75, facilitating regional connectivity.
- Pond Hill Farm4.624.4 mi
- Know Way Out Escape Room4.923.7 mi
- Odawa Casino424.2 mi
- Pond Hill Farm4.624.4 mi
- Mission Point Resort4.521.1 mi
- Audie's Restaurant4.318.3 mi
- Bay Harbor Golf Club4.627.1 mi
- Petoskey State Park4.719.3 mi
- Headlands International Dark Sky Park4.819.3 mi
- Nubs Nob Ski Resort4.817.3 mi
- Cross in the Woods Catholic Shrine of Indian River4.910.9 mi
- Old Mackinac Point Lighthouse4.718.4 mi
- Old Mackinac Point Lighthouse4.718.4 mi
- Fort Mackinac4.721.2 mi
- Mackinac Island State Park4.821.8 mi
- Wawatam Lighthouse4.623.2 mi
- Colonial Michilimackinac4.718.5 mi
- Petoskey State Park4.719.3 mi
- Headlands International Dark Sky Park4.819.3 mi
- Burt Lake State Park4.510.4 mi
- Aloha State Park4.55 mi
- Onaway State Park4.618.1 mi
- Bay Harbor Yacht Club4.626 mi
- Pier M33 On The Cheboygan4.15.5 mi
- Landings Resort & Marina4.67.5 mi
- Petoskey Bayfront Breakwater4.922.6 mi
- Jack's Mullett Lake Marina4.63.1 mi
- The Highlands4.418.5 mi
- Black Lake Golf Club4.617 mi
- Hidden River Golf & Casting Club4.79.8 mi
- Chestnut Valley Golf Course4.615.9 mi
- Arthur Hills Golf Course4.717.8 mi
- Mackinaw Crossings4.518 mi
- Toski Sands Market & Wine Shop4.719.1 mi
- Bill's Farm Market4.919.5 mi
- Krueger's Fish Market4.718.2 mi
- Spies Auto Parts & Tire4.86.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A historic lighthouse serving as a notable maritime landmark in the region.
A series of lakes and rivers providing extensive recreational boating and fishing opportunities.
Data retrieved from US Census Bureau QuickFacts and Census Reporter.
applies when — Real property owned and used as a homestead by a disabled veteran or their surviving spouse.
Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility.
MCL 211.7b
applies when — Delinquency in real property tax payments.
A three-year forfeiture and foreclosure process. Property is forfeited to the county treasurer after two years of delinquency. If taxes remain unpaid by March 31 of the third year, the property is foreclosed upon by the Foreclosing Governmental Unit.
General Property Tax Act, Public Act 206 of 1893; MCL 211.78k
applies when — Transfer of interest in real estate consisting of not less than 1 or more than 4 residential dwelling units.
Sellers must provide a written disclosure statement to prospective buyers regarding the condition of the property, including known defects.
Seller Disclosure Act, Act 92 of 1993
Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs. The tax is calculated by multiplying the taxable value by the local millage rate.
General Property Tax Act, Public Act 206 of 1893
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.