Performance indicators for the Cheboygan short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Cheboygan.
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Challenging to Investors
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
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.