HomeInsuranceQts

Home Insurance in Cheboygan, Michigan

With a median home value of $123,200, Cheboygan is 36% lower than the Cheboygan County median.

The typical home in Cheboygan was built around 1959. About 51% of homes were built before 1960, about 28 points above Cheboygan County's 23%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.

The housing stock in Cheboygan is 67% single-family homes, 11% apartments in buildings with 5+ units and 9% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

In Cheboygan, about 47% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Cheboygan has an owner-occupancy rate of 67% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.

80% of homes in Cheboygan are primarily heated with natural gas.

FEMA rates Cheboygan County's overall risk as Relatively Low, led by inland flooding (Relatively Moderate). Cheboygan County had 74 active NFIP flood policies as of September 2026. See the full Cheboygan County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.

In Michigan, the statewide average premium for a standard HO-3 homeowners policy is $1,110 per year (NAIC, 2023 data).

Key figures

Median home value$123,200
Median year built1959
Owner-occupied share67%
Share of owner-occupied homes with a mortgage47%
Top county hazardInland Flooding (Relatively Moderate)
Active NFIP policies in Cheboygan County74
Home insurance premium$1,110 - statewide average (NAIC, 2023 data)
Key home insurance figures for Cheboygan, MI

Nearby towns

Sources

Data last updated: 2026-09-29