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Condo Foreclosures in Cheboygan, MI 49721

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Cheboygan, MI Foreclosures

How much do homes sell for in Cheboygan, MI?
The average home price is currently $271,467.
What’s the average rental cost in Cheboygan, MI?
The average rental price in Cheboygan is $1,361.
What is the most expensive home in Cheboygan?
The most expensive home sold in Cheboygan had a price of $5,525,300.
What is currently the cheapest priced home in Cheboygan, MI?
The cheapest home for sale in Cheboygan is priced at $5,299.

Living in Cheboygan, MI

Cheboygan, Michigan is a charming waterfront city located along the shores of Lake Huron, renowned for its beautiful natural surroundings and vibrant community. This city offers a mix of outdoor activities including fishing, boating, and hiking along scenic trails. With a rich history and numerous local festivals, Cheboygan is the perfect place to enjoy a relaxed lifestyle while still having access to cultural events and amenities.

Current Market Conditions in Cheboygan, MI

The real estate market in Cheboygan has shown an upward trend over the past year, with an increase in home sales and values. Factors contributing to this surge include the area's appeal for vacation home buyers and those looking to relocate to a quieter environment. The city's proximity to outdoor recreational opportunities has drawn interest from both individuals seeking primary residences and seasonal residents looking to enjoy the natural beauty of Northern Michigan.

As remote work becomes more prevalent, many people are choosing to settle in areas like Cheboygan where they can work from home while enjoying a lakeside lifestyle. This shift has created a more competitive market, especially for homes with waterfront access or close proximity to parks and recreation areas.

Home Value Estimator For Cheboygan, MI

There are currently 9,428 real estate properties in Cheboygan, MI, with a median automated valuation model (AVM) price of $192,008.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cheboygan, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cheboygan, MI, is $271,467.00, with the most expensive house in Cheboygan, MI, topping out at $5,525,300.00 and the cheapest home in Cheboygan, MI, clocking in at $5,299.00. In other words, there’s something for every potential homebuyer or savvy investor in Cheboygan, MI!

Rent Prices In Cheboygan, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cheboygan, MI, is on a rollercoaster ride. The average rent price in Cheboygan, MI, is $1,361.00. Indeed, when looking to rent in Cheboygan, MI, you can expect to pay as little as $750.00 or as much as $2,240.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Cheboygan, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheboygan, MI 49721 Condos


Market Trend for Cheboygan, MI

Total Listings Available: 0

Market Values:

Home Prices from $5,299 to $5,525,300

Average Sales Price: $271,467

Rental Values:

Rental from $750 to $2,240

Average Rent Value: $1,361 / month

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