Cheboygan, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Cheboygan short-term rental market based on reliable data.
Listings
52 / 264
Reliable / Active
Cap Rate
18%
Middle-Earners Gross Yield
Revenue
$37,444
Middle-Earners Revenue
Occupancy
52%
Middle-Earners Occupancy
Home Value
$207,798
Median Home Sale Price
Top Earners
$79,746
Top-Earners Revenue
Cheboygan
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Cheboygan.
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Challenging to Investors
Cheboygan Regulations
STRs are allowed but heavily restricted with a hard cap of 12 citywide permits and a complete ban in all residential districts, leaving only limited non‑residential zones eligible; obtaining a permit is competitive, requiring inspections, fees, and ongoing compliance, which adds cost and uncertainty.
Local STR Agent
STR specialist · Cheboygan, MI
About Cheboygan
Cheboygan ( shə-BOY-gən) is a city in the U.S. state of Michigan. It is the county seat and largest settlement of Cheboygan County. At the 2020 census, Cheboygan had a population 4,770. Cheboygan is situated upon Lake Huron, located at the mouth of the eponymous Cheboygan River. Cheboygan is the fourth-largest American city on Lake Huron, behind Bay City, Port Huron, and Alpena. Cheboygan is part of Northern Michigan, and is the northernmost city in Michigan's Lower Peninsula. Directly north of Cheboygan is Bois Blanc Island (part of Mackinac County), which can be accessed via ferry from Cheboygan.