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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 15.60% |
| Two Bedrooms | 23.90% |
| Three Bedrooms | 42.20% |
| Four Bedrooms | 12.50% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.80% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 49.60% |
| Debt Free | 42.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
