Cheboygan, MI Housing Market
$222,720
3.4% 1-yrThe average Cheboygan, MI home value is $222,720, up 3.4% over the past year, and homes go to pending in around 14 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Cheboygan Key Takeaways
Typical Home Values: $222,720
1-Year Value Change: +3.4%
(Data through August 31, 2026)
Cheboygan Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Tower--
- Greilickville$512,410
- Oak Park$462,770
- Traverse Heights$332,049
- Boardman$649,155
- Downtown$455,960
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Cheboygan Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Cheboygan, MI?
The median home value in Cheboygan, MI is $222,720 as of August 2026. This represents a 0.3% decrease compared to last month and a 3.4% increase year-over-year.
How have home values changed in Cheboygan, MI?
Home values in Cheboygan, MI have decreased by 0.3% month-over-month and 3.4% year-over-year.
How do home values in Cheboygan, MI compare to Cheboygan County, Michigan, and the national average?
The median home value in Cheboygan, MI ($222,720) compares to: Cheboygan County ($245,371), Michigan ($266,292), and the U.S. national median ($368,697).
