Home prices
The median home value in Cheboygan is $80,600. Compared to nearby areas it is about $101,460 (55%) lower.It is approximately $136,900 (62%) lower compared to the rest of the nation, and it is roughly $11,900 (12%) lower compared to the city of Sault Ste. Marie.
Rents
The median monthly rent in Cheboygan is $719. It is roughly $59 (8%) higher in comparison to the surrounding areas.Compared to the United States as a whole it is roughly $343 (32%) lower, and it is approximately $21 (3%) higher compared to the city of Sault Ste. Marie.
Nearby places
Carp Lake
Carp Lake is about 12 miles west of Cheboygan. The housing prices there are significantly more expensive. The median home price in Carp Lake is $122,500, which is $41,900 (34%) higher than Cheboygan. Rents there are substantially less expensive. The median rent in Carp Lake is $525 per month, which works out to $194 (36%) lower than Cheboygan.
Pellston
Pellston is approximately 14 miles southwest from Cheboygan. Real estate prices there are a bit more expensive. Pellston's median home value is $86,000, which works out to $5,400 (6%) higher than Cheboygan. Its rents are a little more expensive. In Pellston the median monthly rent is $850, which works out to $131 (15%) higher than Cheboygan.
Mackinaw City
Mackinaw City is about 14 miles northwest of Cheboygan. The real estate prices there are a lot more expensive. The median home in Mackinaw City is valued at $151,600, which works out to $71,000 (46%) higher than Cheboygan. Rent there is pretty similar. The median rent in Mackinaw City is $686 a month, which is $33 (4%) lower than Cheboygan.
Mackinac Island
Mackinac Island is approximately 14 miles northwest of Cheboygan. The housing prices there are significantly more expensive. The median home in Mackinac Island is valued at $373,300, which works out to $292,700 (78%) higher than Cheboygan. The rent there is a little less expensive. The median monthly rent in Mackinac Island is $595, which works out to $124 (20%) lower than Cheboygan.
Indian River
Indian River is about 14 miles southwest from Cheboygan. Real estate prices there are substantially more expensive. The price of the median home in Indian River is $176,900, which is $96,300 (54%) higher than Cheboygan. Its rents are a little less expensive. Indian River's median rent is $646 per month, which comes out to $73 (11%) lower than Cheboygan.
