Zip 49721 (Cheboygan, MI) Housing

Housing in 49721 Cheboygan, MI is very affordable compared to the national average. The median value of houses in this area is $143,100, significantly lower than the US median value of $338,100. Furthermore, housing appreciation rates have been particularly high in this area over the past year—at 16.52% compared with 8.27% for the US as a whole—providing a great opportunity for potential buyers or investors.

The median home cost in Cheboygan (zip 49721) is $143,100. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Cheboygan (zip 49721) is up 21.4%.

Average Age of Homes

- The median age of Cheboygan (zip 49721) real estate is 41 years old

The Rental Market in Cheboygan (zip 49721)

- Renters make up 15.1% of the Cheboygan (zip 49721) population
- 0.8% of houses and apartments in Cheboygan (zip 49721), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cheboygan, Michigan	United States
	8,563.0	139,647,020.0
	43	42
	$143,100	$338,100
	21.4%	16.6%
	68.6%	57.0%
	98.7%	101.1%
	$10.83	$10.98
	$1,528	$2,690
	55.4%	57.4%
	33.9%	11.2%
	10.7%	31.4%
Vacant Housing
	0.8%	1.9%
	0.1%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	26.8%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	3.4%	2.4%
	7.7%	2.8%
	9.8%	3.9%
	8.9%	4.5%
	20.7%	11.3%
	16.7%	13.0%
	14.5%	20.1%
	7.6%	13.6%
	2.7%	8.3%
	3.1%	9.7%
	0.6%	3.9%
	1.0%	2.2%
	0.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.5%	13.6%
	12.5%	13.6%
	18.9%	13.6%
	12.8%	13.2%
	15.5%	14.8%
	18.9%	13.6%
	8.7%	10.0%
	5.2%	4.7%
	11.9%	12.2%

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