Cheboygan County, Michigan: commercial real estate data.
Cheboygan County, Michigan had an estimated 25,964 residents on July 1, 2024, up 1.5 percent since the 2020 census base of 25,583, across 715 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Cheboygan County
How many people live in Cheboygan County
- Population, American Community Survey 2020-202425,865
- 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-equivalents, Puerto Rico included1620th of 3,222
Cheboygan County is the 54th largest of 83 Michigan counties by population. A median home costs 3.1 times median household income, which is moderately unaffordable 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 story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Cheboygan County
Is Cheboygan County's population growing?
- Population, July 1, 202425,964
- Census 2020 base population25,583
- Population change since the 2020 census base1.49 percent
- Population change, 2023 to 2024-114
- 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 of 3,144
The county has grown 1.49 percent since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Cheboygan County
Where are people moving to Cheboygan County from?
- Tax returns filed by households arriving883
- People arriving, from those returns1,475
- Tax returns filed by households leaving686
- Net household movement197
- Adjusted gross income arriving$71.8 m
- Net adjusted gross income movement$21.8 m
- Average income of an arriving household$81,359
- Average income of a leaving household$72,914
- Largest single originEmmet County (143 households)
- Largest single destinationEmmet County (115 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Emmet County | 143 | 258 | $8.4 m |
| Oakland County | 39 | 55 | $4.0 m |
| Presque Isle County | 39 | 70 | $1.4 m |
| Otsego County | 34 | 56 | $1.7 m |
| Wayne County | 34 | 63 | $3.4 m |
| Macomb County | 29 | 45 | $2.5 m |
| Charlevoix County | 23 | 42 | $892,000 |
| Kent County | 21 | 37 | $1.4 m |
Households arriving report $8,445 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Emmet County, 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 is the Cheboygan County economy?
- 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 the Michigan areas BEA publishes59th of 83
- Rank by GDP among the US county areas BEA publishes1910th of 3,127
- 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
Employment by industry in Cheboygan County
- Covered employment, annual average6,140
- Establishments reporting825
- Average annual pay$47,915
- Average weekly wage$921
- Retail trade, employment1,245
- Retail trade, average annual pay$37,000
- Accommodation and food services, employment1,040
- Accommodation and food services, average annual pay$27,985
- Construction, employment581
- Construction, average annual pay$84,086
- Health care and social assistance, employment563
- Health care and social assistance, average annual pay$50,358
- Professional, scientific and technical services, employment261
- Other services, except public administration, employment202
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 1,245 | 115 | $37,000 |
| Accommodation and food services | 1,040 | 122 | $27,985 |
| Construction | 581 | 118 | $84,086 |
| Health care and social assistance | 563 | 63 | $50,358 |
| Professional, scientific and technical services | 261 | 58 | $57,770 |
| Other services, except public administration | 202 | 65 | $35,355 |
| Finance and insurance | 196 | 32 | $74,498 |
| Transportation and warehousing | 187 | 18 | $51,784 |
Retail trade is the largest private sector at 1,245 jobs, 20.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Cheboygan County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Cheboygan County
Building permits in Cheboygan County
- Housing units authorized by permit, 202478
- Declared construction value permitted$25.3 m
- Single family units authorized78
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$324,638
- Units authorized per 1,000 households7.0
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Cheboygan County
SBA loans in Cheboygan County (7(a) and 504)
- 7(a) approvals recorded38
- 7(a) gross approval dollars$29.0 m
- Average 7(a) approval$764,118
- Median 7(a) approval$363,800
- 10th percentile approval$67,150
- 90th percentile approval$1,642,500
- 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$269,500
- Distinct CDCs active2
- 504 jobs per approval5.3
- 504 jobs per million dollars approved16.4
- Most active CDCMichigan Certified Development Corporation (8)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$32.9 m
The average approval of $764,118 sits well above the median of $363,800, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in Cheboygan County
Do SBA loans in Cheboygan County get paid back?
- Loans with a final outcome recorded10
- Paid in full9
- Charged off1
- Status: Exempt from disclosure23
- Status: Paid in full9
- Status: Cancelled2
- Status: Charged off1
- Status: Committed, not yet disbursed3
Only 10 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Cheboygan County
SBA lending by place in Cheboygan County
- Borrower cities with recorded lending4
- Cheboygan, approvals15
- Indian River, approvals13
- Mackinaw City, approvals6
- Wolverine, approvals4
| Borrower city | 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 large 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
Flood risk in Cheboygan County
- Communities in the county in the NFIP Community Status Book20
- Of those, participating in the NFIP20
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Cheboygan County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The EPA places Cheboygan County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-202425,865
- 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?
The Census Bureau estimates 25,964 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 1.49 percent since the 2020 census base of 25,583, to 25,964 on July 1, 2024. 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 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 employment by industry in Cheboygan County?
Retail trade is the largest private sector at 1,245 jobs, 20.3 percent of covered employment. Covered employment averages 6,140 jobs at an average annual pay of $47,915, or $921 a week. 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 totaling $29.0 m since FY2020, across 11 lenders, with a median approval of $363,800, plus 12 504 approvals worth $3.9 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Cheboygan County?
78 housing units were authorized 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 Emmet County, with 143 households. Arriving households report an average income of $81,359 against $72,914 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Cheboygan County
Cities and places in Cheboygan.
5 Census places lie wholly or partly in Cheboygan County. All 5 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Cheboygan | city | 4,820 | 15 | Wholly in this county |
| Indian River | CDP | 2,039 | 13 | Wholly in this county |
| Mackinaw City | village | 778 | 6 | 17.1 percent here, 82.9 percent Emmet County |
| Tower | CDP | 275 | None recorded | Wholly in this county |
| Wolverine | village | 265 | 4 | Wholly in this county |
Nearby