Cheboygan, MI Real Estate
According to census data in the year 2000 there were 2,328 housing units in Cheboygan.
This represents a 5.1% growth from 2,215 in 1990.
Of those housing units, 2,112 were located in either urbanized areas or urban clusters, and 216 were located in what is classified as a rural area.
Homeownership rate in Cheboygan is about 61.5%.
Cheboygan's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Cheboygan were built after 1949.
|Housing Units by Size|
|Five Bedrooms or more||4.10%|
Owned Homes, Apartments and Condos
|Average Household Size||2.29|
|Median year structure was built||1945|
|Median Value of occupied units||$68,800|
|Median Price asked for vacant units||$87,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.5|
|Median year structure was built||1959|
|Median Monthly Rent asked for vacant units||$463|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||5.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.3%|