Cheboygan County, Michigan: commercial real estate data.
Cheboygan County, Michigan has a population of 25,865 across 715 square miles, up 1.5 percent since the 2020 census base. County output reached $911.7 m in 2024, 770 establishments operate here, and the SBA record carries 38 7(a) approvals worth $29.0 m.
126 sourced county values · tier FULL · 12 sections
Cheboygan County
How many people live in Cheboygan County
- Population25,865
- Households11,159
- Average household size2.32
- Median household income$62,875
- Median age52.2
- Median gross rent$773 per month
- Median owner-occupied home value$192,500
- Home value to household income3.1 times
- Annual rent as a share of median income14.8 percent
- Adults 25 and over with a bachelor degree or higher24.4 percent
- Adults 25 and over with a graduate degree9.8 percent
- Adults 25 and over20,104
- Population under 183,968
- Share under 1815.3 percent
- Population 65 and over7,494
- Share 65 and over29.0 percent
- Working age population, 18 to 6414,403
- Civilian labor force11,492
- Unemployment rate6.1 percent
- Labor force participation, adults 18 and over52.5 percent
- Rank by population among Michigan counties54th of 83
- Rank by population among US county-equivalents1620th
Cheboygan County is the 54th largest of 83 Michigan counties by population. A median home costs 3.1 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 29.0 percent against 15.3 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Cheboygan County
Is Cheboygan County growing
- Population change since the 2020 census base1.49 percent
- Census 2020 base population25,583
- Births, 2024183
- Deaths, 2024359
- Natural change, 2024-176
- Net domestic migration, 202426
- Net international migration, 202436
- Total net migration, 202462
- Cumulative net domestic migration, 2021 to 20241,123
- Rank by growth among US county-equivalents1336th
The county has grown 1.49 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Cheboygan County
Where people moving to Cheboygan County come from
- Tax returns filed by households arriving883
- People arriving, from those returns1,475
- Adjusted gross income arriving$71.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$81,359
- Largest single originCheboygan County Non-migrants (10,550 households)
- Largest single destination (10,550 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Cheboygan County Non-migrants | 10,550 | 19,878 | $776.3 m |
| Other flows - Same State | 261 | 421 | $17.1 m |
| Other flows - Different State | 240 | 397 | $18.8 m |
| Emmet County | 143 | 258 | $8.4 m |
| Other flows - South | 94 | 155 | $7.7 m |
| Other flows - Midwest | 61 | 107 | $4.3 m |
| Other flows - West | 55 | 85 | $4.7 m |
| Oakland County | 39 | 55 | $4.0 m |
The largest single source of arrivals is Cheboygan County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Cheboygan County
What the Cheboygan County economy runs on
- County GDP, 2024$911.7 m
- County GDP, 2023$867.5 m
- GDP change, 2023 to 20245.1 percent
- GDP change over five years45.4 percent
- Rank by GDP among Michigan counties59th
- Rank by GDP among US county-equivalents1910th
- GDP per resident$35,249
Output grew 5.1 percent in the latest year and 45.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Cheboygan County
Who employs people in Cheboygan County
- Covered employment, annual average6,140
- Establishments reporting825
- Average annual pay$47,915
- Average weekly wage$921
- Sector 44-45, employment1,245
- Sector 44-45, average annual pay$37,000
- Sector 72, employment1,040
- Sector 72, average annual pay$27,985
- Sector 23, employment581
- Sector 23, average annual pay$84,086
- Sector 62, employment563
- Sector 62, average annual pay$50,358
- Sector 54, employment261
- Sector 81, employment202
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,245 | 115 | $37,000 |
| Sector 72 | 1,040 | 122 | $27,985 |
| Sector 23 | 581 | 118 | $84,086 |
| Sector 62 | 563 | 63 | $50,358 |
| Sector 54 | 261 | 58 | $57,770 |
| Sector 81 | 202 | 65 | $35,355 |
| Sector 52 | 196 | 32 | $74,498 |
| Sector 48-49 | 187 | 18 | $51,784 |
The largest sector is the biggest private employer group at 1,245 jobs, 20.3 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Cheboygan County
What businesses operate in Cheboygan County
- Establishments, all industries770
- Employment at those establishments4,794
- Annual payroll$234.9 m
- Establishments per 1,000 residents29.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Cheboygan County
What is being built in Cheboygan County
- Housing units authorised by permit, 202478
- Declared construction value permitted$25.3 m
- Single family units authorised78
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$324,638
- Units authorised per 1,000 households7.0
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Cheboygan County
How much SBA lending happens in Cheboygan County
- 7(a) approvals recorded38
- 7(a) gross approval dollars$29.0 m
- Average 7(a) approval$764,118
- Median 7(a) approval$379,600
- 10th percentile approval$50,000
- 90th percentile approval$2,010,000
- Largest single approval$4,947,000
- Jobs reported supported, 7(a)622
- Jobs per approval16.4
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals20
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer39.5 percent
- Loans on real estate terms15
- Loans on working capital terms, 120 months or shorter20
- Franchise loans2
- Franchise share of approvals5.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (8)
- Most active lenderCitizens National Bank of Cheboygan (17)
- 504 approvals recorded12
- 504 gross approval dollars$3.9 m
- Average 504 approval$325,750
- Median 504 approval$284,000
- Distinct CDCs active2
- 504 jobs per approval5.3
- 504 jobs per million dollars approved16.4
- Most active CDCMichigan Certified Development Corporation (8)
- 7(a) share of SBA approvals76.0 percent
- Combined SBA approval dollars$32.9 m
The average approval of $764,118 sits well above the median of $379,600, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 39.5 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Cheboygan County
Do SBA loans in Cheboygan County get paid back
- Loans with a final outcome recorded10
- Paid in full9
- Charged off1
- Charge off rate on resolved loans10.0 percent
- Status: Exempt from disclosure23
- Status: Paid in full9
- Status: Cancelled2
- Status: Charged off1
- Status: Committed, not yet disbursed3
Of the 10 loans that have reached a final outcome, 10.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Cheboygan County
Which parts of Cheboygan County get the lending
- Places in the county with recorded lending4
- CHEBOYGAN, approvals15
- Indian River, approvals13
- Mackinaw City, approvals6
- Wolverine, approvals4
| Place | Approvals | Gross approval dollars |
|---|---|---|
| CHEBOYGAN | 15 | $10,838,100 |
| Indian River | 13 | $12,399,100 |
| Mackinaw City | 6 | $4,338,100 |
| Wolverine | 4 | $1,461,200 |
CHEBOYGAN accounts for 15 approvals against 13 in Indian River. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Cheboygan County
How big is Cheboygan County
- Land area715 sq mi
- Rank by land area among Michigan counties25th of 83
- Width, east to west25.6 mi
- Height, north to south40.7 mi
- Geographies sharing a boundary5
- Residents per square mile of land36
- Establishments per square mile1.08
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Cheboygan County
What hazards affect Cheboygan County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book20
- Of those, participating in the NFIP20
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Cheboygan County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Cheboygan County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population25,865
- Households11,159
- Average household size2.32
- Median household income$62,875
- Median age52.2
Common questions
Cheboygan County questions, answered from the record.
How many people live in Cheboygan County, Michigan?
25,865, in 11,159 households, ranking 54th of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Cheboygan County growing?
The population has grown 1.49 percent since the 2020 census base. In 2024 there were 183 births against 359 deaths, with net migration of 62. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Cheboygan County?
$62,875. The median owner-occupied home is valued at $192,500, which is 3.1 times income, and median gross rent is $773 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Cheboygan County?
770 establishments, employing 4,794 people with an annual payroll of $234.9 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Cheboygan County?
Average annual pay is $47,915, or $921 a week, across 6,140 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Cheboygan County?
38 7(a) approvals totalling $29.0 m since FY2020, across 11 lenders, with a median approval of $379,600, plus 12 504 approvals worth $3.9 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Cheboygan County get paid back?
Of the 10 loans that have reached a final outcome, 9 were paid in full and 1 charged off, a charge off rate of 10.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Cheboygan County?
78 housing units were authorised by permit in 2024, with a declared construction value of $25.3 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Cheboygan County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Cheboygan County come from?
The largest single origin is Cheboygan County Non-migrants, with 10,550 households. Arriving households report an average income of $81,359 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Cheboygan County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Cheboygan County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.