Indian River, MI
Full City Profile · Michigan · Cheboygan County County
4.1
/5.0
A
Great
2,210
Population
171/sq mi density
$60,750
Median Income
$47,330 per capita
$218,000
Home Value
$319,765 Zillow
$844
Median Rent
49.7% income on rent
43°F
Avg Temperature
A
Overall
4.1 / 5.0
Strong
B
Economy
3.4 / 5.0
$60,750 median income, 3.8% unemployment
A+
Affordability
4.7 / 5.0
$218,000 home value, $844/mo rent
A
Education
4.3 / 5.0
40.8% bachelor's degree or higher
Housing Overview
Median Home Value
$218,000
23% below
US avg: $281,900
Median Rent
$844/mo
27% below
US avg: $1,163/mo
Homeownership Rate
80.5%
23% above US avg (65.4%)
Total Housing Units
1,894
Median year built: 1983
Home Value by Source
Census Median
$218,000
Zillow (ZHVI)
$319,765
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.5%
Owner-Occupied
19.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$844/mo
Affordability & Housing Stock
Rent Burden
49.7%
of renters spending 30%+ of income on housing
60% above US avg (31.0%)
Median Year Built
1983
Average age of housing stock: 43 years
Homeownership Rate
80.5%
Complete Housing Data
Home Values
| Census Median Value | $218,000 |
| Zillow Home Value (ZHVI) | $319,765 |
Rent
| Census Median Rent | $844 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 80.5% |
| Renter-Occupied | 19.5% |
| Homeownership Rate | 80.5% |
| Total Housing Units | 1,894 |
| Median Year Built | 1983 |
| Rent Burden | 49.7% |