HomeMichiganCheboygan CountyIndian River
Indian River, Michigan: commercial real estate data.
Indian River is a Census CDP of 2,039 people across 12.93 square miles of land, in Cheboygan County. Median household income is $62,140, 83.5 percent of occupied homes are owned, and the SBA record carries 13 7(a) approvals to borrowers here worth $12.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Indian River
What Indian River is
- Census place typeCDP
- Land area12.93 sq mi
- Water area7.36 sq mi
- Population per square mile of land158
- County holding the largest share of its areaCheboygan County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Indian River
How many people live in Indian River
- Population2,039
- Median age62.7
- Population under 18172 plus or minus 68
- Share under 188.4 percent plus or minus 3.2
- Population 65 and over902 plus or minus 202
- Share 65 and over44.2 percent plus or minus 8.9
- Households1,083
- Family households538
- Share of households that are families49.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Indian River
Income and work in Indian River
- Median household income$62,140 plus or minus $27,738
- Per capita income$57,274
- Civilian labor force851 plus or minus 219
- Employed819 plus or minus 207
- Unemployed32 plus or minus 42
- Unemployment rate3.8 percent plus or minus 4.8
- Adults 25 and over1,745
- Adults 25 and over with a high school diploma or higher92.4 percent
- Adults 25 and over with a bachelor degree or higher46.5 percent plus or minus 10.3
- Adults 25 and over with a graduate degree21.2 percent plus or minus 7.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Indian River
Housing in Indian River
- Housing units1,997
- Occupied units1,083
- Vacant units914 plus or minus 209
- Vacancy rate45.8 percent plus or minus 9.4
- Owner occupied904
- Renter occupied179 plus or minus 109
- Ownership rate83.5 percent
- Median owner-occupied home value$314,100 plus or minus $71,887
- Single family units1,809
- Share single family90.6 percent
- Units in buildings of two or more145 plus or minus 108
- Share in buildings of two or more7.3 percent plus or minus 5.3
- Mobile homes43 plus or minus 64
- Median year structure built1984
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Indian River
How Indian River gets to work
- Workers 16 and over who commute722 plus or minus 172
- Commuting under 15 minutes105 plus or minus 86
- Share commuting under 15 minutes14.5 percent plus or minus 11.4
- Commuting 30 minutes or more347 plus or minus 124
- Share commuting 30 minutes or more48.1 percent plus or minus 12.7
- Drove alone84.4 percent plus or minus 29.3
- Carpooled2.0 percent plus or minus 2.8
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home11.8 percent plus or minus 7.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Indian River
SBA loans in Indian River (7(a))
- Approvals13
- Gross approval$12,399,100
- Average approval$953,777
- Median approval$616,300
- Largest approval$4,291,000
- Jobs supported115
- Jobs per approval8.8
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more53.8 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS5
Counted by borrower city: approvals to borrowers whose address is in Indian River, in any county, FY2020 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Indian River
SBA loans in Indian River (504)
- Approvals2
- Gross approval$423,000
- Average approval$211,500
- Median approval$211,500
- Largest approval$255,000
- Jobs supported5
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Indian River, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Cheboygan County, not Indian River
Cheboygan County context, not Indian River figures
- Establishments in Cheboygan County770
- Covered employment, Cheboygan County6,140
- Average annual pay, Cheboygan County$47,915
- Housing units permitted, Cheboygan County78
Every figure in this section is published for Cheboygan County as a whole and is not a measurement of Indian River.
All Cheboygan County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, 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 →
Common questions
Indian River questions, answered from the record.
How many people live in Indian River, Michigan?
2,039, in 1,083 households. Indian River CDP covers 12.93 square miles of land, which is 158 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Indian River in?
Cheboygan County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Indian River?
$62,140. The median owner-occupied home is valued at $314,100. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Indian River businesses?
13 7(a) approvals totaling $12.4 m since FY2020, across 6 lenders, median approval $616,300, plus 2 504 approvals worth $423,000 since FY2010. These count approvals to borrowers whose address is in Indian River, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Indian River borrowers get paid back?
No rate is published for Indian River. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Indian River figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cheboygan County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Indian River.
Is zoning published for Indian River?
No. Nothing on this page presents parcel level zoning.
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