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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 Type1.60%
One Bedroom15.60%
Two Bedrooms23.90%
Three Bedrooms42.20%
Four Bedrooms12.50%
Five Bedrooms or more4.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1945
Median Value of occupied units$68,800
Median Price asked for vacant units$87,000

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1959
Median Monthly Rent asked for vacant units$463

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.80%
Home Equity Loan5.50%
Simple Mortgage49.60%
Debt Free42.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%