Onaway, MI
Full City Profile · Michigan · Cheboygan County County
3.0
/5.0
B
Good
701
Population
430/sq mi density
$40,159
Median Income
$24,597 per capita
$59,100
Home Value
$197,144 Zillow
$600
Median Rent
40.7% income on rent
44°F
Avg Temperature
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C
Economy
2.3 / 5.0
$40,159 median income, 6.7% unemployment
A+
Affordability
5.0 / 5.0
$59,100 home value, $600/mo rent
D
Education
1.7 / 5.0
9.0% bachelor's degree or higher
Housing Overview
Median Home Value
$59,100
79% below
US avg: $281,900
Median Rent
$600/mo
48% below
US avg: $1,163/mo
Homeownership Rate
65.8%
1% above US avg (65.4%)
Total Housing Units
485
Median year built: 1943
Home Value by Source
Census Median
$59,100
Zillow (ZHVI)
$197,144
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
65.8%
Owner-Occupied
34.2%
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:
$600/mo
Affordability & Housing Stock
Rent Burden
40.7%
of renters spending 30%+ of income on housing
31% above US avg (31.0%)
Median Year Built
1943
Average age of housing stock: 83 years
Homeownership Rate
65.8%
Complete Housing Data
Home Values
| Census Median Value | $59,100 |
| Zillow Home Value (ZHVI) | $197,144 |
Rent
| Census Median Rent | $600 |
| 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 | 65.8% |
| Renter-Occupied | 34.2% |
| Homeownership Rate | 65.8% |
| Total Housing Units | 485 |
| Median Year Built | 1943 |
| Rent Burden | 40.7% |