What is the median home value in Cheboygan, MI?

Name: Home values in Cheboygan, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Cheboygan, MI is $123,200 (±$17,655), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Cheboygan, the median home value went from $80,600 in 2015–2019 to $123,200 in 2020–2024 (+52.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $123,200 (±$17,655)
Owner-occupied homes: 1,448 (±141)
Most common range: $50,000 to $99,999

Home values in Cheboygan

Owner-occupied homes by value, 2020–2024
Value	Cheboygan	Cheboygan County	Michigan	United States
Less than $50,000	14.4% (±8.1 points)	7.6%	7.6%	5.3%
$50,000 to $99,999	23.1% (±7.5 points)	12.1%	9.2%	6.1%
$100,000 to $149,999	22.6% (±6.7 points)	15.8%	10.6%	6.8%
$150,000 to $199,999	17.1% (±5.2 points)	15.8%	14.1%	9.0%
$200,000 to $299,999	12.7% (±5.6 points)	19.7%	23.4%	17.8%
$300,000 to $499,999	6.7% (±5.6 points)	16.3%	24.1%	26.9%
$500,000 to $999,999	1.4% (±1.5 points)	10.1%	9.2%	20.9%
$1,000,000 or more	2.0% (±2.4 points)	2.4%	1.6%	7.1%

The most common range is $50,000 to $99,999, 23.1% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Cheboygan against Cheboygan County, its state and the nation

Estimate (90% margin of error)
	Cheboygan	Cheboygan County	Michigan	United States
Median home value	$123,200 (±$17,655)	$192,500 (±$12,553)	$231,600 (±$642)	$332,700
Owner-occupied homes	1,448 (±141)	9,556 (±268)	2,984,190 (±12,886)	84,210,142

In Cheboygan, the median home value is lower than in Cheboygan County ($192,500).

It is also lower than in Michigan ($231,600).

It is lower than the national figure ($332,700).

In Cheboygan County, Cheboygan ranks 20 of 20 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 1367 of 1,518.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Cheboygan have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$80,600 (±$5,752)	$123,200 (±$17,655)	+52.9%	Up after inflation
Median owner cost with a mortgage	$862 (±$151)	$1,061 (±$96)	+23.1%	No measurable change after inflation
Median real estate taxes	$1,340 (±$146)	$1,800 (±$327)	+34.3%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Cheboygan

Nearest places with a published estimate, compared with Cheboygan
Place	Distance	Median home value	Compared with this place
Cheboygan	—	$123,200 (±$17,655)	—
Beaugrand Township	4.6 mi	$206,300 (±$43,220)	Higher
Inverness Township	5.2 mi	$198,600 (±$28,007)	Higher
Benton Township (Cheboygan County)	5.3 mi	$200,900 (±$30,112)	Higher
Bois Blanc Township	8.9 mi	$237,500 (±$70,826)	Higher
Hebron Township	9.5 mi	$241,100 (±$36,993)	Higher
Munro Township	9.8 mi	$302,100 (±$89,135)	Higher
Mullett Township	10 mi	$276,100 (±$58,778)	Higher
Aloha Township	11 mi	$207,400 (±$42,793)	Higher

Nearby places with a measurably higher figure: Beaugrand Township, MI ($206,300), Inverness Township, MI ($198,600), Benton Township (Cheboygan County), MI ($200,900).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Cheboygan County, place by place

Rank	Place	Median home value
14	Mentor Township (Cheboygan County)	$179,600 (±$36,294)
15	Nunda Township	$172,500 (±$31,570)
16	Wilmot Township	$168,200 (±$30,733)
17	Koehler Township	$155,800 (±$13,810)
18	Forest Township (Cheboygan County)	$128,800 (±$22,164)
19	Waverly Township (Cheboygan County)	$125,000 (±$49,525)
20	Cheboygan	$123,200 (±$17,655)

Showing 7 of 20 places in Cheboygan County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Cheboygan

What is the average home value in Cheboygan, MI?

The Census Bureau publishes the median: $123,200 (±$17,655) for owner-occupied homes in Cheboygan (2020–2024 American Community Survey).

Have home values in Cheboygan gone up?

In Cheboygan, the median home value went from $80,600 in 2015–2019 to $123,200 in 2020–2024 (+52.9%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Cheboygan sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Cheboygan city, Michigan (place:15000, in state:26).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.