Michigan

Cheboygan County

25,778 residents74 permits TTM$61,619 median HHI6 ZIP codesUpdated April 28, 2026
Investor first look

Median home value

$175,200

ACS 5-Year

Cap rate proxy

5.6%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.0%

HUD FMR ÷ ACS HHI

Net migration

+1.48%

IRS SOI

Permits (TTM)

74

Census BPS

Climate risk

59.5

FEMA NRI (0–100)

ZIP code breakdown6 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
49705$175,200county est.$1,0547.2%5.6%22.0%
49717$175,200county est.$1,0547.2%5.6%22.0%
49721$213,129$1,0545.9%4.6%22.0%
49749$298,005$1,0544.2%3.3%22.0%
49791$175,200county est.$1,0547.2%5.6%22.0%

Ranked by composite score

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Demographics

Owner-occupied

85.0%

Census ACS

Vacancy rate

39.4%

Census ACS

Bachelor's degree +

22.9%

Census ACS

Rent burdened

41.4%

Census ACS (>30% income)

Median age

51.9

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026