The story of this market
The typical home in ZIP 49721 sells for about $284,500, or $145 per square foot.
Prices are up +9.85% from a year ago, so sellers still have some momentum. Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $732 a month.
ZIP 49721 — Cheboygan
The 49721 housing market is currently stable with a median listing price of $284,500. Market activity is driven by local demand and seasonal interest in northern Michigan properties, with limited inventory keeping prices relatively firm.
This area is well-suited for retirees, outdoor enthusiasts, and those seeking a lower cost of living in a rural, water-adjacent setting.
Median prices moved up 9.8% year over year.
Homes spend a median of 105 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 10.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 49721, Cheboygan County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools in the Cheboygan area are primarily served by Cheboygan Area Schools, which provides public education for the region.
The area is subject to standard northern Michigan climate risks, including heavy winter snowfall and potential lake-effect weather patterns.
Economic momentum is driven by tourism, local government services, and small-scale manufacturing in the Cheboygan area.
Property taxes are assessed at the local township or city level within Cheboygan County, subject to Michigan's Proposal A limitations on taxable value increases.
Commuting is primarily car-dependent, with US-23 and I-75 serving as the main regional transit corridors.
The area offers extensive access to Lake Huron, the Cheboygan River, and nearby inland lakes, providing significant opportunities for boating, fishing, and outdoor recreation.
The rental market is characterized by limited inventory and seasonal demand fluctuations typical of northern Michigan resort-adjacent communities.
The local economy is anchored by tourism, healthcare, and public sector employment within Cheboygan County.
Transportation is dominated by private vehicle use, with US-23 providing the primary north-south connection.
Development is focused on maintaining existing infrastructure and supporting small-scale residential growth.
Cheboygan County utilizes a standard assessment regime based on state-mandated property tax laws.
Parcels are subject to local school district taxes and county-wide millages for services.
Property insurance rates are influenced by regional weather risks, including winter storm exposure.
Michigan is a judicial foreclosure state with specific redemption periods for homeowners.
Michigan law requires sellers to provide a written disclosure statement regarding the condition of the property.
Data retrieved from Data Commons and Census Bureau profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Onaway Speedway4.718.7 mi
- Bière de Mac Brew Works - Restaurant, Brewery & Beer Garden4.619.2 mi
- Jack Pine Lumberjack Shows4.918.1 mi
- Aloha State Park4.54.1 mi
- Cheboygan State Park4.54.7 mi
- Spare Time Lanes & Recreation4.54.1 mi
- Kingston Theatre4.45.2 mi
- Duncan Bay Nature Preserve4.85 mi
- Dousman's Mill4.616.5 mi
- Icebreaker Mackinaw Maritime Museum4.819.8 mi
- Cheboygan Crib Rear Light4.65.7 mi
- Aloha State Park4.54.1 mi
- Cheboygan State Park4.54.7 mi
- Gordon Turner Park, Cheboygan, MI4.65.7 mi
- Duncan Bay Nature Preserve4.85 mi
- Huron Shores Roadside Park4.810.6 mi
- Pier M33 On The Cheboygan4.12.5 mi
- Landings Resort & Marina4.612.1 mi
- Jack's Mullett Lake Marina4.64 mi
- Indian River Marina4.714 mi
- Howe Marine4.814.2 mi
- Cheboygan Golf & Country Club4.57.1 mi
- Rippling Rapids4.55.1 mi
- Spies Auto Parts & Tire4.83.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major waterway connecting inland lakes to Lake Huron.
Public park located on the waterfront.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.