The above shows an overview of the real estate market in Cheboygan, MI. Note how the median home price for Cheboygan, MI runs $73,100, which is 43% lower than the average property price for Michigan. So you’re going to get real estate in Cheboygan, MI that is on-average more affordable than what you’ll find in the rest of Michigan. As for rent, the median for Cheboygan, MI runs $527, which is comparatively 34% lower than the average rent for Michigan. For Cheboygan, MI, about 61.6% of the population consist of home owners with about 2.3 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Cheboygan, MI offers a wide variety of real estate. To find your perfect home in Cheboygan, MI, filter your choice by price, location, and number of beds and baths using the search area above.