Preforeclosure Homes in Cheboygan, MI

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1 View this home at Greenmans Point Rd Cheboygan MI 49721
$541,056 EMV
4 View this home at N Straits Hwy Cheboygan MI 49721
$165,869 EMV
View this home at Greenmans Point Rd Cheboygan MI 49721
$541,056 EMV
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Home Value Estimator For Cheboygan, MI

There are currently 550 real estate properties in Cheboygan, MI, with a median automated valuation model (AVM) price of $160,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cheboygan, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cheboygan, MI, is $240,325.00, with the most expensive house in Cheboygan, MI, topping out at $6,173,600.00 and the cheapest home in Cheboygan, MI, clocking in at $13,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Cheboygan, MI!

Rent Prices In Cheboygan, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cheboygan, MI, is on a rollercoaster ride. The average rent price in Cheboygan, MI, is $1,398.00. Indeed, when looking to rent in Cheboygan, MI, you can expect to pay as little as $880.00 or as much as $2,240.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Cheboygan, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Cheboygan, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cheboygan, MI area at Get information on foreclosure homes for rent, how to buy foreclosures in Cheboygan, MI and much more. Save thousands at closing with home foreclosure listings in Cheboygan, MI — up to 75% off market value!

Top Reasons To Live In Cheboygan, MI In 2023

Cheboygan is located in Cheboygan, Michigan, with an estimated municipal population of 4,686 residents. All of the best foreclosed homes for sale in Cheboygan are located in the following zip code areas on 49721. The estimated population per square kilometer (.62 miles) in Cheboygan is 266.

Cost Of Living In Cheboygan, MI

So, about how much do homes cost in Cheboygan? The most recent median value of resident-owned homes in Cheboygan is 80,648. An estimated 61.3 percent of households in Cheboygan own their homes, with an average family size of 3.02. The median household income in Cheboygan is 34,892, with9.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cheboygan, the median commute time of resident workers (in minutes) is 22. And last, but certainly not least, are you looking for homes to rent in Cheboygan? If so, the average rent price paid by renters in Cheboygan is 719, according to recent statistics.

Diversity And Demographics In Cheboygan, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cheboygan, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Cheboygan is 39.9, split between 47.4 percent male versus 52.6 female. The percentage of residents who report being married in Cheboygan is 47.9, with an average family size of 3.02.

The percentage of residents who report their race in Cheboygan is as follows:

White 91.5%
Black / African American 2.9%
Asian 0.5%
American Indian / Alaskan Native 1.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.2%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Cheboygan? Or maybe you are searching for 55+ active adult communities in and/or near Cheboygan?

The percentage of residents who report their age in Cheboygan is as follows:

Under 10 9.9%
Aged 10-19 13%
20s 10.6%
30s 16.7%
40s 6.2%
50s 14.9%
60s 12%
70s 7.4%
80+ 9.5%

Best Schools In Cheboygan, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cheboygan with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cheboygan.

Pros And Cons Of Living In Cheboygan, Michigan

How do you know that living in -- or moving to -- Cheboygan is right where you need to be? Perhaps you grew up in Cheboygan or already live nearby; therefore, the decision to buy a home in Cheboygan is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cheboygan for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cheboygan:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cheboygan.

Reasons To Move To Cheboygan, Michigan, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cheboygan can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cheboygan, meanwhile, can field multiple offers from more qualified buyers.

Cheboygan, MI Preforeclosure Homes


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