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Cheboygan, MI
Full City Profile · Michigan · Cheboygan County County
2.8
/5.0
C+
Fair
4,801
Population
700/sq mi density
$41,338
Median Income
$24,425 per capita
$118,700
Home Value
$214,932 Zillow
$733
Median Rent
33.6% income on rent
44°F
Avg Temperature
270 sunny days/yr
383
Violent Crime/100K
1,874 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$41,338 median income, 5.0% unemployment
A+
Affordability
5.0 / 5.0
$118,700 home value, $733/mo rent
F
Safety
1.0 / 5.0
383 violent crimes/100K (1% above avg)
C
Education
2.4 / 5.0
16.9% bachelor's degree or higher
Housing Overview
Median Home Value
$118,700
58% below
US avg: $281,900
Median Rent
$733/mo
37% below
US avg: $1,163/mo
Homeownership Rate
64.8%
1% below US avg (65.4%)
Total Housing Units
2,412
Median year built: 1963
Home Value by Source
Census Median
$118,700
Zillow (ZHVI)
$214,932
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.8%
Owner-Occupied
35.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$746/mo
1 Bedroom
$803/mo
2 Bedroom
$1,054/mo
3 Bedroom
$1,264/mo
4 Bedroom
$1,403/mo
Census median rent:
$733/mo
Affordability & Housing Stock
Rent Burden
33.6%
of renters spending 30%+ of income on housing
8% above US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
64.8%
Complete Housing Data
Home Values
| Census Median Value | $118,700 |
| Zillow Home Value (ZHVI) | $214,932 |
Rent
| Census Median Rent | $733 |
| FMR Studio | $746 |
| FMR 1-Bedroom | $803 |
| FMR 2-Bedroom | $1,054 |
| FMR 3-Bedroom | $1,264 |
| FMR 4-Bedroom | $1,403 |
Market
Ownership & Stock
| Owner-Occupied | 64.8% |
| Renter-Occupied | 35.2% |
| Homeownership Rate | 64.8% |
| Total Housing Units | 2,412 |
| Median Year Built | 1963 |
| Rent Burden | 33.6% |