Cheboygan Real Estate
65 active listings · 79 sold in the past 12mo
$299,995
Median List Price
79
Sold (past 12mo)
81
Avg Days on Market
-14.1%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(65)
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Under Contract
1/76
$1,375,000
4457 E Burt Lake Road, Cheboygan, MI 49721
3 bd2 ba0.55 ac
Single Family
For Sale
1/104
$1,100,000
8585 Swan Pointe Drive, Cheboygan, MI 49721
3 bd2 ba2.83 ac
Single Family
For Sale
1/62
$839,900
7361 S Extension Road, Cheboygan, MI 49721
4 bd2 ba54.13 ac
Single Family
For Sale
1/51
$750,000
1126 Waters Edge Drive, Cheboygan, MI 49721
3 bd2 ba
Single Family
For Sale
1/36
$675,000
3332 Edgewater Drive, Cheboygan, MI 49721
3 bd3 ba
Single Family
For Sale
1/38
$649,900
8658 W Black Lane, Cheboygan, MI 49721
4 bd2 ba1.03 ac
Single Family
Under Contract
1/56
$649,000
9877 High Banks Drive, Cheboygan, MI 49721
3 bd2 ba
Single Family
For Sale
1/44
$599,900
10480 N Straits Highway, Cheboygan, MI 49721
3 bd3 ba0.79 ac
Single Family
For Sale
1/52
$569,000
1588 McRae Drive, Cheboygan, MI 49721
4 bd2 ba
Single Family
Under Contract
1/40
$565,000
4616 Hiawatha Drive, Cheboygan, MI 49721
3 bd3 ba0.76 ac
Single Family
For Sale
1/48
$529,900
50 W Parkway Drive, Cheboygan, MI 49721
4 bd4 ba
Single Family
For Sale
1/71
$525,000
178 Riverside Drive, Cheboygan, MI 49721
5 bd4 ba
Single Family
For Sale
1/49
$510,000
2181 E Levering Road, Cheboygan, MI 49721
3 bd2 ba8.50 ac
Single Family
For Sale
1/43
$499,999
5180 Hiawatha Drive, Cheboygan, MI 49721
3 bd2 ba
Single Family
For Sale
1/52
$499,900
996 LaHaie Road, Cheboygan, MI 49721
4 bd3 ba19 ac
Single Family
For Sale
1/85
$479,000
190 Riverside Drive, Cheboygan, MI 49721
4 bd2 ba
Single Family
For Sale
1/22
$479,000
9748 S Godin Circle, Cheboygan, MI 49721
2 bd2 ba
Single Family
For Sale
1/37
$455,000
216 Riverside Drive, Cheboygan, MI 49721
3 bd2 ba0.56 ac
Single Family
For Sale
1/29
$449,000
219 S Main Street, Cheboygan, MI 49721
2 bd2 ba
Single Family
For Sale
1/41
$419,000
1454 Sand Road, Cheboygan, MI 49721
3 bd2 ba7 ac
Single Family
For Sale
1/12
$399,000
6595 Little Canada Road, Cheboygan, MI 49721
2 bd1 ba768 sqft9.90 ac
Single Family
Under Contract
1/37
$389,000
4097 S River Road, Cheboygan, MI 49721
3 bd2 ba16 ac
Single Family
For Sale
1/44
$379,900
5159 S River Road, Cheboygan, MI 49721
3 bd2 ba9.90 ac
Single Family
For Sale
1/35
$379,000
16294 Morningside Lane, Cheboygan, MI 49721
2 bd2 ba
Single Family
Recently Sold(79)
Frequently Asked Questions about Cheboygan
Are there homes available in Cheboygan right now?
Cheboygan currently has 65 homes listed for sale. The median asking price is $299,995.
How much do homes cost in Cheboygan?
Homes in Cheboygan sell for a median of $299,995, drawn from 79 transactions over the past year.
How long do homes stay on the market in Cheboygan?
The average days on market in Cheboygan is 81, based on 79 recent transactions.
What schools are in Cheboygan?
Cheboygan is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Cheboygan may be zoned for different districts. Check individual listings for the specific school district assignment.
What are market conditions like in Cheboygan?
With 9.9 months of inventory, Cheboygan is currently a buyer's market. This is based on 65 active listings and 79 sales in the past 12 months.
What are property taxes like in Cheboygan?
Michigan property taxes in Cheboygan are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Cheboygan?
Per U.S. Census ACS data, Cheboygan has a -14.1% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 4.5%, outpacing the effect of shrinking household sizes (2.05 to 2.28). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.