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Single-family Foreclosures in Cheboygan, MI

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Cheboygan, MI Foreclosures

How much do homes sell for in Cheboygan, MI?
The average home price is currently $271,467.
In Cheboygan, MI, how many homes are available?
There are currently 11 active home listings available in Cheboygan.
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 is a charming city located in Northern Michigan, known for its beautiful waterfront views along the Cheboygan River and proximity to numerous state parks. It offers a tight-knit community atmosphere with a rich history and various outdoor recreational activities. The area boasts good schools, local shopping, and plenty of opportunities for boating and fishing enthusiast.

Current Market Conditions in Cheboygan, MI

The Cheboygan real estate market is showing signs of steady growth, with prices reflecting the area’s desirability for both retirees and vacation home buyers. The local market remains competitive, with homes typically selling fast due to limited inventory. Buyers are attracted to the natural beauty and recreational opportunities, which heightens demand.

In recent months, there has been a noticeable increase in new construction homes, indicating a positive economic outlook for the region. Developers are responding to the demand for more housing options by constructing more properties, particularly on the waterfront.

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 Single-family Homes


Market Trend for Cheboygan, MI

Total Listings Available: 11

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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