49721
Cheboygan, Michigan.
Cheboygan, Cheboygan County, MI · population 13,891
to buy the typical home at today's mortgage rate — +$654 (+121%) since Jan 2020.
- 1 year
- Up $6,943 +3%
- $220,573$227,516 since Sep 2025
- 5 years
- Up $32,330 +17%
- $195,186$227,516 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 49721$1,194
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 23 years.
Typical home values in zip 49721 rose 3.1% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Cheboygan, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 49721
Mid-tier homes, smoothed and seasonally adjusted.
- 49721$227,516
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 9.3 | 49791 | Topinabee | 164 | — | $259,569 |
| 12.3 | 49749 | Indian River | 4,411 | — | $329,603 |
| 14.9 | 49716 | Brutus | 1,006 | — | $449,118 |
| 17.5 | 49755 | Levering | 1,799 | — | $264,934 |
| 18.0 | 49706 | Alanson | 4,920 | — | $303,758 |
| 18.6 | 49701 | Mackinaw City | 882 | — | $326,042 |
| 19.2 | 49765 | Onaway | 4,333 | — | $199,593 |
| 19.3 | 49769 | Pellston | 1,718 | — | $238,724 |
| 19.8 | 49718 | Carp Lake | 619 | — | $253,506 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.