In Cheboygan, MI the median value for a house is $136,900, which is significantly less than the US median house value of $338,100. However, Cheboygan's housing market has seen a much higher appreciation rate of 16.52% in the past year compared to the US average of 8.27%. This suggests that Cheboygan may have greater potential for property value appreciation in future years compared to other areas in the US.
The median home cost in Cheboygan is $136,900. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Cheboygan is up 21.4%.
Average Age of Homes
- The median age of Cheboygan real estate is 55 years old
The Rental Market in Cheboygan
- Renters make up 31.6% of the Cheboygan population
- 2.3% of houses and apartments in Cheboygan, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.