Cheboygan County, Michigan home prices
Typical home $253,004 · +4.8% in a year · property tax 0.89%
The typical home in Cheboygan County is worth $253,004, 4% less than the Michigan typical home ($263,760). Values changed +4.8% in the past year and +19.0% over five years. Homeowners here pay a median 0.89% of their home's value in property tax each year ($2,240 on the typical home), versus 1.17% statewide.
Mortgage on the typical Cheboygan County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,601 | $202,403 | $1,362 | $0 | $313 | $1,675 | $71,800 |
| 10% down | $25,300 | $227,704 | $1,532 | $95 | $313 | $1,940 | $83,100 |
| 5% down | $12,650 | $240,354 | $1,617 | $100 | $313 | $2,030 | $87,000 |
| 3.5% down (FHA) | $8,855 | $248,422 | $1,671 | $112 | $313 | $2,096 | $89,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.89% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Michigan.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Newaygo County | $253,533 | +8.7% | 1.1% |
| Oceana County | $253,550 | +6.7% | 1.01% |
| Muskegon County | $255,234 | +4.3% | 1.18% |
| Otsego County | $257,304 | +4.0% | 0.8% |
| Eaton County | $259,014 | +3.5% | 1.41% |
| Saint Clair County | $259,356 | +4.2% | 1.14% |
| Manistee County | $260,685 | +10.0% | 1.04% |
| Midland County | $245,098 | +9.1% | 1.47% |
| Marquette County | $262,677 | +8.8% | 0.97% |
| Lenawee County | $242,871 | +5.6% | 1.27% |
Frequently asked questions
What is the average home price in Cheboygan County, MI?
The typical home value in Cheboygan County is $253,004 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Cheboygan County?
About $71,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Cheboygan County?
The median effective rate is 0.89% of home value a year (Census ACS 2024 5-year estimates).