U.S. ZIP Code · MI49721
Cheboygan County
Appreciation
- 1-year
- +1.8%
- 5-year / yr
- +5.4%
- 10-year / yr
- +6.7%
Relative price
- vs U.S.
- -21.8%
- vs metro
- —
- vs state
- -7.1%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 49721 is worth $222,012. Over the past year, values have risen 1.8%. The effective property tax rate is 0.9%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Cheboygan County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Very Low
- Wildfire
- Very Low
- Drought
- No Rating
- Heat wave
- Very Low
- Hurricane
- Very Low
- Tornado
- Very Low
- Earthquake
- Very Low
- Winter weather
- Very Low
#Who lives here
#Migration
Household moves in and out of Cheboygan County over a year, from IRS tax-return data.
- Net migration
- +64[5]
- Moved in
- 799
- Moved out
- 735
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 5
- Elementary
- 2
- Middle
- 0
- High
- 2
Cheboygan Area High School
High · Grades 8–12 · Cheboygan Area Schools
580 students
Cheboygan Intermediate School
Elementary · Grades 3–5 · Cheboygan Area Schools
318 students
East Elementary School
Elementary · Grades K–3 · Cheboygan Area Schools
313 students
Cheboygan Middle School
Other · Grades 4–12 · Cheboygan Area Schools
197 students
Inverness Academy
High · Grades 6–12 · Cheboygan Area Schools
67 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 49721?
- The typical home in 49721 is worth $222,012, based on the Zillow Home Value Index.
- Are home values rising in 49721?
- Home values in 49721 are up 1.8% over the past year, and up 5.4% a year over five years.
- What is the property tax rate in 49721?
- The effective property tax rate in 49721 is 0.9% — roughly $2,045 a year on a typical home.
- Who lives in 49721?
- ZIP code 49721 has a population of 13,891 and a median household income of $61,174.
Compare ZIPs
Pit ZIP 49721 against any other ZIP — full side-by-side table.
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