Cheboygan Real Estate
76 active listings · 167 sold in the past 12mo
$344,950
Median List Price
167
Sold (past 12mo)
76
Avg Days on Market
-14.1%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Cheboygan Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Cheboygan and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(76)
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For Sale
1/7
$1,185,000
7250 Artesian Trail, Cheboygan, MI 49721
4 bd4 ba4,200 sqft37.84 ac
Single Family
For Sale
1/56
$1,100,000
4733 E Burt Lake Road, Cheboygan, MI 49721
3 bd2 ba0.52 ac
Single Family
For Sale
1/104
$1,100,000
8585 Swan Pointe Drive, Cheboygan, MI 49721
3 bd2 ba2.83 ac
Single Family
For Sale
1/36
$775,000
7096 W US-23, Cheboygan, MI 49721
2 bd1 ba1.79 ac
Single Family
For Sale
1/62
$775,000
7361 S Extension Road, Cheboygan, MI 49721
4 bd2 ba54.13 ac
Single Family
For Sale
1/51
$750,000
1126 Waters Edge Drive, Cheboygan, MI 49721
3 bd2 ba
Single Family
Under Contract
1/41
$699,900
4482 Norway Trail, Cheboygan, MI 49721
3 bd3 ba5.02 ac
Single Family
For Sale
1/36
$675,000
3332 Edgewater Drive, Cheboygan, MI 49721
3 bd3 ba
Single Family
For Sale
1/42
$639,900
8658 W Black Lane, Cheboygan, MI 49721
4 bd2 ba1.03 ac
Single Family
For Sale
1/37
$625,000
11811 Mackinaw Straits Drive, Cheboygan, MI 49721
2 bd1 ba3.93 ac
Single Family
For Sale
1/44
$599,900
10480 N Straits Highway, Cheboygan, MI 49721
3 bd3 ba0.79 ac
Single Family
Under Contract
1/52
$569,000
1588 McRae Drive, Cheboygan, MI 49721
4 bd2 ba
Single Family
For Sale
1/38
$549,000
1539 Mullett Lake Woods Road, Cheboygan, MI 49721
3 bd2 ba2 ac
Single Family
For Sale
1/48
$529,900
50 W Parkway Drive, Cheboygan, MI 49721
4 bd4 ba
Single Family
For Sale
1/71
$525,000
178 Riverside Drive, Cheboygan, MI 49721
5 bd4 ba
Single Family
Under Contract
1/37
$519,900
10705 Huron Trail, Cheboygan, MI 49721
2 bd1 ba0.74 ac
Single Family
For Sale
1/49
$510,000
2181 E Levering Road, Cheboygan, MI 49721
3 bd2 ba8.50 ac
Single Family
For Sale
1/47
$499,999
5180 Hiawatha Drive, Cheboygan, MI 49721
3 bd2 ba
Single Family
For Sale
1/52
$499,900
996 LaHaie Road, Cheboygan, MI 49721
4 bd3 ba19 ac
Single Family
For Sale
1/44
$499,900
6470 Margaret Lane, Indian River, MI 49749
2 bd1 ba960 sqft0.18 ac
Single Family
For Sale
1/85
$479,000
190 Riverside Drive, Cheboygan, MI 49721
4 bd2 ba
Single Family
For Sale
1/22
$479,000
9748 S Godin Circle, Cheboygan, MI 49721
2 bd2 ba
Single Family
For Sale
1/28
$479,000
1501 Hackmatack Road, Cheboygan, MI 49721
3 bd3 ba2 ac
Single Family
For Sale
1/33
$462,000
5691 Moulder Drive, Cheboygan, MI 49721
2 bd2 ba
Single Family
Recently Sold(167)
Frequently Asked Questions about Cheboygan
Are there homes available in Cheboygan right now?
Cheboygan currently has 76 homes listed for sale. The median asking price is $344,950.
How much do homes cost in Cheboygan?
Homes in Cheboygan sell for a median of $344,950, drawn from 167 transactions over the past year.
How long do homes stay on the market in Cheboygan?
The average days on market in Cheboygan is 76, based on 167 recent transactions.
What schools are in Cheboygan?
Cheboygan is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Cheboygan may be zoned for different districts. Check individual listings for the specific school district assignment.
What are market conditions like in Cheboygan?
With 5.5 months of inventory, Cheboygan is currently a balanced market. This is based on 76 active listings and 167 sales in the past 12 months.
What are property taxes like in Cheboygan?
Michigan property taxes in Cheboygan are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Cheboygan?
Per U.S. Census ACS data, Cheboygan has a -14.1% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 4.5%, outpacing the effect of shrinking household sizes (2.05 to 2.28). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.