45Alpha

Cheboygan County, MI Housing Market Brief

county · MI · score computed October 2026

Balanced

What is Cheboygan County, MI’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
●81
Inventory Health25%
●51

Population band 3 of 5 (population 20,431–39,126) · comparable within its band

Affordability20%
●44
Economic Strength20%
●15
Rental Yield15%
●30

Where is Cheboygan County, MI in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Cheboygan County, MI is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Cheboygan County, MI?

County-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.

Cheboygan County, MI housing market data

MetricValueYoYSource
Median Sale Price$326K▲ +21.7%Redfin
Median Days on Market58 days▼ -15.9%Redfin
Months of Supply4.6▲ +15%Redfin
Homes for Sale176▲ +30.4%Redfin
Homes Sold38▲ +11.8%Redfin
Median Price / Sq Ft$259▲ +45.7%Redfin

How has Cheboygan County, MI’s Alpha Score moved?

Now: 45
2-period trend
Median sale price · 12 mo

Markets like Cheboygan County, MI

Frequently asked questions

Is Cheboygan County, MI a buyer's or seller's market?

In the scores computed October 2026, Cheboygan County, MI is classified as a Balanced Market, based on its Alpha Score of 45 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Cheboygan County, MI?

The median sale price in Cheboygan County, MI is $326K, having risen 21.7% over the past year, according to Redfin.

How affordable is Cheboygan County, MI?

Cheboygan County, MI scores 44 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other counties.

What's driving Cheboygan County, MI's Alpha Score?

Cheboygan County, MI's strongest dimension is Price Momentum (81/100) and its weakest is Economic Strength (15/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Cheboygan County, MI? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.