House Prices

House Prices & Home Values Cheboygan, MI 2026


Average Data

average house price$59,500
average size per house1177 ft²
average price per ft²51 $ / ft²

04/05/2026 - The value range (VR) for house prices in Cheboygan, MI is $79/ sqft to $79/ sqft. An average home with 1177 sqft costs approximately $92,983 to $92,983. Cheboygan, MI includes 1 ZIP codes and it is located in Cheboygan county. The lowest prices are found in ZIP 49721, while the highest are in ZIP 49721. The average price per sqare feet is $51. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Cheboygan

4972175 $ / ft²




Historical development of home values in Cheboygan

Year Estimated value (USD) Change vs. 2025
2010 $27,633 -53.6%
2011 $26,564 -55.4%
2012 $26,493 -55.5%
2013 $27,483 -53.8%
2014 $28,850 -51.5%
2015 $30,330 -49.0%
2016 $31,913 -46.4%
2017 $33,636 -43.5%
2018 $35,495 -40.3%
2019 $37,141 -37.6%
2020 $39,061 -34.4%
2021 $44,428 -25.3%
2022 $51,793 -13.0%
2023 $54,618 -8.2%
2024 $57,778 -2.9%
2025 $59,500 0.0%

Graph: estimated home values in Cheboygan over time (USD)



Example: 100% financing house in Cheboygan

Loan amount: $59,500

Interest rate: 6.00%

Fixed monthly payment: $356.73

Breakdown in the 1st month:
Interest portion: $297.50  â€“  Principal portion: $59.23

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $3,550.12 $730.67 $58,769.33
2 $3,505.06 $775.73 $57,993.60
3 $3,457.21 $823.58 $57,170.02
4 $3,406.42 $874.37 $56,295.65
5 $3,352.49 $928.30 $55,367.34
6 $3,295.23 $985.56 $54,381.78
7 $3,234.44 $1,046.35 $53,335.43
8 $3,169.91 $1,110.88 $52,224.55
9 $3,101.39 $1,179.40 $51,045.15
10 $3,028.65 $1,252.14 $49,793.01
11 $2,951.42 $1,329.37 $48,463.63
12 $2,869.42 $1,411.37 $47,052.27
13 $2,782.37 $1,498.42 $45,553.85
14 $2,689.96 $1,590.83 $43,963.02
15 $2,591.84 $1,688.95 $42,274.06
16 $2,487.67 $1,793.13 $40,480.94
17 $2,377.07 $1,903.72 $38,577.22
18 $2,259.65 $2,021.14 $36,556.08
19 $2,134.99 $2,145.80 $34,410.28
20 $2,002.64 $2,278.15 $32,132.13
21 $1,862.13 $2,418.66 $29,713.48
22 $1,712.96 $2,567.83 $27,145.64
23 $1,554.58 $2,726.21 $24,419.43
24 $1,386.43 $2,894.36 $21,525.07
25 $1,207.91 $3,072.88 $18,452.19
26 $1,018.38 $3,262.41 $15,189.79
27 $817.17 $3,463.62 $11,726.16
28 $603.54 $3,677.25 $8,048.91
29 $376.73 $3,904.06 $4,144.85
30 $135.94 $4,144.85 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Cheboygan, MI


1500 sqft3900 sqft
Ø selling price$92,566$196,912
Ø fast selling$84,150$177,220
Ø high price sale$100,981$216,603

In 2026, houses in Cheboygan, MI will be offered at an average price of $51 per square foot. A 1,500 sqft home priced at $92,566 is 21.78% more expensive per square foot than a 3,900 sqft home priced at $196,912. Home prices in Cheboygan, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $136,323. Sellers who can wait longer may achieve a higher price of up to $166,617.


Discover Cheboygan, MI

Overview

Located on the shores of Lake Huron, Cheboygan, MI is a welcoming Northern Michigan gateway with small-town charm and big-water adventure.
The city anchors the famed Inland Waterway, offering direct access to rivers and lakes perfect for boating, kayaking, and fishing. Downtown Cheboygan blends historic brick storefronts with modern cafés, boutiques, and seasonal events that celebrate the region?s maritime heritage.

Things to Do

Outdoor lovers explore Cheboygan State Park, miles of trails, sandy beaches, and photo-ready views of the lighthouse and nearby islands. Family-friendly things to do in Cheboygan include the Cheboygan Opera House, waterfront parks, and festivals that fill summer nights with music and local flavor. Winter brings snowmobiling, cross-country skiing, and cozy stays that showcase Cheboygan?s four-season appeal.

Travel and Living

Travelers appreciate the city?s proximity to the Mackinac Bridge, Mackinac Island ferries, and scenic drives along US-23 and M-27. Lodging options range from lakeside cabins and campgrounds to convenient hotels, making it easy to plan a weekend getaway or extended vacation. For those considering a move, Cheboygan offers affordable real estate, quality schools, and access to healthcare within a supportive, close-knit community. Whether you?re chasing sunrise over Lake Huron or fresh-caught whitefish downtown, Cheboygan, Michigan delivers memorable experiences year-round.



FAQ – Home Values in Cheboygan

What is the median home value in Cheboygan in 2026?

In 2026, the typical home value in Cheboygan is about $59,500 for an average home size of 1177 square feet. This corresponds to an average price of roughly $51 per square foot.

What is the average cost per square foot in Cheboygan?

In 2026, homes in Cheboygan sell for an average of around $51 per square foot, with a typical range between $79 and $79 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Cheboygan is about 1177 square feet, with an estimated 2026 value around $59,500.



Locations close to Cheboygan, MI

Conway, MI80 $ / ft²
Dafter, MI113 $ / ft²
De Tour Village, MI129 $ / ft²
Charlevoix, MI137 $ / ft²
Cedarville, MI229 $ / ft²
Carp Lake, MI84 $ / ft²
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