Cheboygan

Cheboygan, MI is a charming lakeside community nestled at the tip of Michigan’s Lower Peninsula, offering a tranquil lifestyle rich in natural beauty and small-town warmth. Located along the scenic shores of Lake Huron and the Cheboygan River, this friendly Northern Michigan town is known for its welcoming residents, historic downtown district, and easy access to outdoor adventures.

Homebuyers are drawn to Cheboygan for its diverse real estate offerings—from cozy in-town cottages and historic Victorians to spacious lakefront estates and modern new builds. Whether you're looking for a year-round residence, seasonal getaway, or investment property, Cheboygan’s affordable housing market and strong appreciation potential make it a smart choice.

Cheboygan, MI Homes for Sale

Real Estate Statistics

Average Price $176K
Lowest Price $50K
Highest Price $750K
Total Listings 42
Avg. Price/SQFT $0

Property Types (active listings)


Browse Cheboygan Homes for Sale

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9840 N Straits Highway, Cheboygan

$750,000

9840 N Straits Highway, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201835070
11619 Mackinaw Straits Drive Parcels A & B, Cheboygan

$329,900

11619 Mackinaw Straits Drive Parcels A & B, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833343
N Straits Highway 34.44 Acres, Cheboygan

$295,000

N Straits Highway 34.44 Acres, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201829643
Tbd Hebron Hall Road, Cheboygan

$280,000

Tbd Hebron Hall Road, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 475438
Hebron Town Hall Road 141 Acs +/-, Cheboygan

$280,000

Hebron Town Hall Road 141 Acs +/-, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201832731
10351 N Straits Highway, Cheboygan

$275,000

10351 N Straits Highway, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823392
9613 Ross Road, Cheboygan

$259,900

9613 Ross Road, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201834893
M-33 Highway, Cheboygan

$225,000

M-33 Highway, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 466041
6608 Black River Trail, Cheboygan

$180,000

6608 Black River Trail, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201832508
Xxx Hiawatha Drive, Cheboygan

$180,000

Xxx Hiawatha Drive, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833243
Hayes Lane Parcel 140-003-100-001-05, Cheboygan

$180,000

Hayes Lane Parcel 140-003-100-001-05, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833553
11619a Mackinaw Straits Drive Parcel A, Cheboygan

$174,900

11619a Mackinaw Straits Drive Parcel A, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833344
11619b Mackinaw Straits Drive Parcel B, Cheboygan

$174,900

11619b Mackinaw Straits Drive Parcel B, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833345
New
10948 Partridge Lane, Cheboygan

$170,000

10948 Partridge Lane, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201835337
Off River Edge Drive Parcel #6, Cheboygan

$159,000

Off River Edge Drive Parcel #6, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823809
Off River Edge Drive Parcel #8, Cheboygan

$159,000

Off River Edge Drive Parcel #8, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823807
Off River Edge Drive Parcel #9, Cheboygan

$159,000

Off River Edge Drive Parcel #9, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823806
Off River Edge Drive Parcel #10, Cheboygan

$159,000

Off River Edge Drive Parcel #10, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823805
Off River Edge Drive Parcel #11, Cheboygan

$159,000

Off River Edge Drive Parcel #11, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823804
Off River Edge Drive Parcel #12, Cheboygan

$159,000

Off River Edge Drive Parcel #12, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823794
Off River Edge Drive Parcel #13, Cheboygan

$159,000

Off River Edge Drive Parcel #13, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823792
Off River Edge Drive Parcel # 14, Cheboygan

$159,000

Off River Edge Drive Parcel # 14, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823791
Off River Edge Drive Parcel #15, Cheboygan

$159,000

Off River Edge Drive Parcel #15, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823790
11979 Mackinaw Straits Drive, Cheboygan

$149,900

11979 Mackinaw Straits Drive, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201834289
5196 Mich-a-ke-wa Trail, Cheboygan

$149,500

5196 Mich-a-ke-wa Trail, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 476361
Indian Trail Road 11.9 Acres, Cheboygan

$140,000

Indian Trail Road 11.9 Acres, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833397
Off River Edge Drive Parcel  #2, Cheboygan

$139,000

Off River Edge Drive Parcel #2, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823752
Off River Edge Drive Parcel #3, Cheboygan

$139,000

Off River Edge Drive Parcel #3, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823774
Off River Edge Drive Parcel #4, Cheboygan

$139,000

Off River Edge Drive Parcel #4, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823780
Off River Edge Drive Parcel #5, Cheboygan

$139,000

Off River Edge Drive Parcel #5, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201823785
4860 Michakewa Trail, Cheboygan

$135,000

4860 Michakewa Trail, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201835212
4942 Michakewa Trail Lot 11, Cheboygan

$129,900

4942 Michakewa Trail Lot 11, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833647
000 Douglas Road, Cheboygan

$127,600

000 Douglas Road, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201832657
2940 Wooden Drive, Cheboygan

$120,000

2940 Wooden Drive, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201835092
Off Twin Lakes Road Site 2, Cheboygan

$115,000

Off Twin Lakes Road Site 2, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201832527
Us-23, Cheboygan

$110,000

Us-23, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201834512
0 E Levering Road, Cheboygan

$109,900

0 E Levering Road, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201831112
912 S Huron Street 6.42 Acres, Cheboygan

$99,000

912 S Huron Street 6.42 Acres, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833439
Indian Trail Road 9.77 Acres, Cheboygan

$90,000

Indian Trail Road 9.77 Acres, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201833400
W1/2 Lot 1 Us-23 Highway 041-i09-000-001-01, Cheboygan

$70,000

W1/2 Lot 1 Us-23 Highway 041-i09-000-001-01, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201834429
528 Stempky Street 1.8 Acres, Cheboygan

$67,500

528 Stempky Street 1.8 Acres, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201822930
Townline Road 2.29 Acres, Cheboygan

$50,000

Townline Road 2.29 Acres, Cheboygan

0 Beds 0 Baths 0 SqFt Land MLS® # 201816742

Cheboygan, MI Homes for Sale: Ultimate 2025 Buying Guide for Every Budget

Discover current real estate trends, popular neighborhoods, and tips for buying waterfront and affordable homes in Cheboygan in 2025.


Overview of Cheboygan, Michigan Real Estate Market

Overview of Cheboygan, Michigan Real Estate Market

Nestled along the pristine shores of Lake Huron and the Cheboygan River, Cheboygan, Michigan is a hidden gem in the northern Lower Peninsula. As of 2025, the real estate market in Cheboygan is attracting both full-time residents and vacation home buyers with its affordability, scenic views, and strong community vibe.

Key Market Stats (2025):

  • Median Home Price: $189,000 (up 4.3% year-over-year)

  • Average Days on Market: 47

  • Inventory: Balanced, with a mix of new listings and long-standing properties

With stable pricing and a variety of home types, Cheboygan offers a rare combination of affordability and lifestyle perks that make it appealing in today’s competitive housing landscape. There are many different housing options in Cheboygan including condominiums for sale, downtown homes for sale, land lover homes for saleluxury homes for sale, and waterfront homes for sale.


Why Buy a Home in Cheboygan, MI?

Why Buy a Home in Cheboygan, MI

Cheboygan offers the charm of small-town living without sacrificing essential amenities. Here are just a few reasons buyers are drawn here:

  • Affordable Cost of Living: Housing, utilities, and daily expenses are significantly lower than in southern Michigan or metropolitan areas.

  • Natural Beauty: With three major waterways—Lake Huron, Cheboygan River, and the Inland Waterway—residents enjoy boating, fishing, and hiking all year.

  • Peaceful Pace: Unlike larger tourist towns, Cheboygan keeps its serene atmosphere while still welcoming seasonal visitors.

  • Community Spirit: From summer concerts to winter festivals, Cheboygan maintains a tight-knit and welcoming community.

Whether you’re looking for a peaceful retirement spot, a seasonal retreat, or a place to raise a family, Cheboygan delivers.


Check out this video for a look at the Cheboygan community, or click here to learn more about Cheboygan, Michigan homes for sale



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Popular Neighborhoods in Cheboygan

Popular Neighborhoods in Cheboygan

The city of Cheboygan and surrounding townships offer several appealing neighborhoods:

Downtown Cheboygan

  • Historic homes and walkability to shops and restaurants

  • Great for professionals and small families

Inverness Township

  • Rural charm with larger lots and newer builds

  • A top pick for retirees and privacy seekers

Duncan Bay & Lake Huron Shores

  • Premium waterfront homes with spectacular views

  • Ideal for vacationers or high-end investors

Each neighborhood brings its own vibe and amenities. Your ideal choice depends on your budget and lifestyle needs.


Types of Homes Available in Cheboygan

Types of Homes Available in Cheboygan

Buyers in Cheboygan can find a wide range of property types, including:

  • Single-Family Homes: The most common option, offering everything from cozy two-bedroom bungalows to spacious four-bedroom colonials.

  • Waterfront Properties: Prime homes along Lake Huron or Cheboygan River with boat docks and panoramic views.

  • Condos & Townhomes: Limited but affordable, often found near downtown or lakeside.

  • Fixer-Uppers: Budget-friendly homes that need renovation—perfect for DIYers or investors.

This variety makes Cheboygan an accessible market for buyers of all backgrounds.


Average Home Prices by Property Type

Understanding pricing in Cheboygan helps buyers make informed choices based on their goals and budget. Here's a breakdown of what you can expect:

Property TypeAverage Price (2025)Key Features
Single-Family Homes $189,000 2-4 bedrooms, often with yards
Waterfront Homes $325,000 Lake or river views, private docks
Condos/Townhomes $160,000 Low maintenance, downtown proximity
Fixer-Uppers $95,000 Investment potential, lower upfront cost
New Construction $275,000 Custom features, modern designs

Prices fluctuate based on proximity to the lake, lot size, and home updates. Waterfront homes tend to be on the higher end, while fixer-uppers offer the greatest potential for value appreciation.


New Construction Homes in Cheboygan

New Construction Homes in Cheboygan

New builds are becoming more common in Cheboygan thanks to its expanding appeal. Developers are offering both pre-designed homes and build-to-suit options in areas like Inverness Township and outlying rural zones.

Benefits of Buying New Construction:

  • Energy-efficient appliances and insulation

  • Customizable floor plans

  • Fewer immediate maintenance costs

While inventory is limited compared to larger cities, the quality and craftsmanship in Cheboygan's new homes often exceed expectations.


Waterfront Properties in Cheboygan

Waterfront Properties in Cheboygan

Living on the water is a dream for many, and Cheboygan delivers some of Michigan’s most picturesque waterfront real estate.

Types of Waterfront Homes:

  • Lake Huron Frontage: Stunning sunrise views and private beaches.

  • Cheboygan River Properties: Popular for boating enthusiasts with direct access to the Inland Waterway.

  • Smaller Lakes & Bays: Quiet retreats ideal for kayakers and anglers.

Waterfront homes come at a premium but offer lifestyle perks like fishing, boating, and unparalleled tranquility.


Financing Options for Cheboygan Buyers

Purchasing a home in Cheboygan can be more accessible thanks to a variety of local and federal mortgage programs:

  • Local Lenders: Many banks and credit unions in the region offer favorable rates for primary residences.

  • First-Time Buyer Programs: Down payment assistance and reduced interest rates are available through state-sponsored programs.

  • VA and USDA Loans: Veterans and rural buyers often qualify for zero-down options.

  • Bridge Loans & HELOCs: Useful for buyers moving from one property to another or renovating.

Speak with a local mortgage broker to explore tailored solutions for your financial situation.


How to Find Homes for Sale in Cheboygan, MI

Searching for your dream home starts with the right tools and resources:

Top Platforms:

  • BrookWalsh.com

Tips for Searching Effectively:

  • Set up alerts for new listings in your price range.

  • Tour homes virtually before visiting in person.

  • Work with a local agent who knows the area inside and out.

Local real estate agents often have access to exclusive listings and can give you a heads-up before properties hit the major platforms.


Working with a Cheboygan Real Estate Agent

Working with a Cheboygan Real Estate Agent

A knowledgeable agent is key to navigating Cheboygan’s unique market. Local agents offer:

  • Insight into pricing trends

  • Negotiation strategies

  • Experience with waterfront and rural properties

  • Access to local inspectors, appraisers, and lenders

Choose someone who’s licensed, highly rated, and preferably lives in the area.


Step-by-Step Home Buying Process in Cheboygan

Step-by-Step Home Buying Process in Cheboygan

Here’s how a typical home purchase unfolds in Cheboygan:

  1. Get Pre-Approved for a Mortgage

  2. Hire a Local Realtor

  3. Search & Tour Homes

  4. Submit an Offer

  5. Schedule Inspections

  6. Secure Financing

  7. Close the Deal

  8. Move In

The process typically takes 30 to 45 days from offer acceptance to closing.


Tips for Buying a Vacation or Second Home in Cheboygan

If you’re eyeing Cheboygan for a seasonal getaway, keep these tips in mind:

  • Consider Rental Potential: Many vacation homes here are listed on Airbnb during peak summer months.

  • Think About Winterization: Properties should be prepared for cold, snowy winters.

  • Insurance Needs: Waterfront and secondary homes may require special coverage.

Many owners find their Cheboygan home pays for itself with summer rental income.


Living in Cheboygan: Schools, Services, and Community

Life in Cheboygan is about more than just scenic views:

  • Schools: Cheboygan Area Schools offer K-12 education with strong local support.

  • Healthcare: McLaren Northern Michigan provides quality care close by.

  • Recreation: From hiking and boating to local theater and farmer’s markets, there's always something to do.

  • Community Events: Annual festivals, parades, and music nights build strong community ties.


Pros and Cons of Buying in Cheboygan vs. Nearby Cities

LocationProsCons
Cheboygan Affordable, peaceful, lake access Fewer job opportunities
Petoskey Upscale dining, shopping Higher home prices
Alpena Coastal vibe, medical services Limited inventory
Mackinaw City Tourist-friendly, historic Seasonal traffic, limited winter access

Cheboygan stands out for value and charm, while nearby cities offer more amenities at a premium.


Seasonal Considerations for Buying in Cheboygan

Seasonal Considerations for Buying in Cheboygan

Cheboygan's four distinct seasons can influence both your home buying decision and how you enjoy the property year-round.

Spring & Summer:

  • Prime Buying Season: Inventory increases, and homes show better with lush greenery.

  • Waterfront Advantage: Enjoy boating, fishing, and beach days right after purchase.

  • Tourism Spike: Greater competition from out-of-town buyers during these months.

Fall:

  • Potential Deals: Sellers eager to close before winter may offer discounts.

  • Changing Views: Autumn colors create beautiful property aesthetics.

Winter:

  • Limited Listings: Fewer homes are on the market, but motivated sellers are common.

  • Inspection Insight: Snow can reveal insulation or heating inefficiencies.

Seasonal factors also affect property maintenance. Waterfront homes, for example, need winterization, while rural homes require snow plowing access.


Cheboygan Investment Property Opportunities

Cheboygan Investment Property Opportunities

Cheboygan isn’t just a great place to live—it’s also a smart place to invest.

Short-Term Rentals:

  • Strong summer demand from tourists visiting Mackinac Island or the Inland Waterway.

  • Airbnb and Vrbo properties do well, especially near the river or Lake Huron.

Long-Term Rentals:

  • Growing demand from remote workers and retirees.

  • Low purchase prices make positive cash flow more achievable.

Fix-and-Flip Projects:

  • Older homes with solid bones are available at below-market rates.

  • Renovations can significantly increase resale value.

Appreciation Outlook:

  • While modest, home values in Cheboygan have seen steady appreciation over the last five years, a trend expected to continue.

Real estate investors looking for affordability, steady income, and future growth will find Cheboygan worth a close look.


Future Outlook for Cheboygan Real Estate

The future looks promising for Cheboygan’s housing market due to several factors:

  • Infrastructure Improvements: Ongoing upgrades to roads, public spaces, and utilities are making the area more attractive to newcomers.

  • Tourism Growth: Proximity to Mackinac Island and the Inland Waterway continues to bring seasonal visitors.

  • Remote Work Trend: More people are choosing to live in scenic, affordable places, especially with flexible work-from-home options.

If current trends continue, Cheboygan could emerge as a top-tier destination for buyers seeking lifestyle and value in one package.


Frequently Asked Questions About Cheboygan, MI Homes for Sale

Frequently Asked Questions About Cheboygan, MI Homes for Sale

1. Is Cheboygan a good place to live year-round?

A. Yes! While winters can be cold and snowy, many residents enjoy year-round outdoor activities, strong community ties, and lower living costs.

2. What is the average home price in Cheboygan, MI in 2025?

A. As of 2025, the average home price is around $189,000, with waterfront properties typically priced higher.

3. Are there good schools in Cheboygan?

A. Yes. Cheboygan Area Schools serve the region and are well-regarded for their community involvement and student programs.

4. Can I find fixer-upper homes in Cheboygan?

A. Absolutely. There are many older homes with renovation potential, offering great opportunities for first-time buyers and investors.

5. What types of waterfront homes are available?

A. Buyers can find properties along Lake Huron, the Cheboygan River, and smaller lakes, ranging from cottages to luxury estates.

6. How competitive is the housing market in Cheboygan?

A. It’s moderately competitive. While homes don’t sell as quickly as in larger cities, desirable waterfront properties can move fast, especially in spring and summer.


Conclusion: Is Cheboygan, MI Right for You?

Conclusion: Is Cheboygan, MI Right for You

If you’re searching for a peaceful, affordable, and scenic place to call home—or invest—Cheboygan, MI offers everything you need. With a wide variety of properties, from charming historic homes to modern waterfront builds, and a supportive local community, Cheboygan stands out as a northern Michigan gem.

Before making a move, consider your lifestyle needs, seasonal preferences, and budget. Whether you’re a first-time buyer, investor, or vacation home seeker, Cheboygan’s real estate market has something to offer in 2025 and beyond.

Find Your Dream Home on BrookWalsh.com

Ready to explore Cheboygan, MI homes for sale? Visit BrookWalsh.com for the most up-to-date listings, exclusive waterfront properties, and expert insights from local real estate professionals. Whether you're searching for a permanent residence, investment property, or vacation getaway, BrookWalsh.com is your trusted source for Michigan real estate. Start your home search today with confidence and clarity.

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