Hebron, MI housing market
Home prices around Hebron have risen about 71% over the past 5 years.
Home values, sales, trends and how Hebron compares with the towns next door — updated as new data is published.
Home prices up 71% in 5 years
The federal house price index for the ZIP codes around Hebron rose 71% over the past 5 years, faster than across Michigan (52%). Last year prices rose 4.8%.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +4.8% | +128% | +97% |
| 2024 | +16% | +118% | +88% |
| 2023 | +14% | +88% | +76% |
| 2022 | +6.7% | +66% | +64% |
| 2021 | +17% | +56% | +45% |
| 2020 | +4.6% | +33% | +30% |
| 2019 | +5.5% | +27% | +26% |
| 2018 | +7.7% | +21% | +20% |
| 2017 | +3.9% | +12% | +12% |
| 2016 | +4.5% | +7.9% | +5.3% |
| 2015 | +2.6% | +3.3% | 0% |
| 2014 | −3.5% | +0.7% | −4.7% |
| 2013 | +2.7% | +4.3% | −12% |
| 2012 | −1.3% | +1.5% | −16% |
| 2011 | −7.5% | +2.9% | −16% |
| 2010 | −5.7% | +11% | −12% |
| 2009 | −9.2% | +18% | −5% |
| 2008 | +0.2% | +30% | +3.5% |
| 2007 | −6.1% | +30% | +11% |
| 2006 | +8.4% | +38% | +16% |
| 2005 | +3.5% | +27% | +18% |
| 2004 | +6.1% | +23% | +14% |
| 2003 | +2.8% | +16% | +10% |
| 2002 | +4.5% | +13% | +8.3% |
| 2001 | +7.9% | +7.9% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 49721, 49755, 49718, covering 52% of Hebron’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Hebron and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Hebron | — | +4.8%† | $1,130 | $72,500 |
| Beaugrand | — | +4.8%† | $1,080 | $62,083 |
| Carp Lake | $254K | +11.1% | $1,200 | $45,833 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,130
HUD's Fair Market Rent for a two-bedroom in Hebron is $1,130 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hebron pay a median of $1,042.
Studio $800 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49718, 49721, 49755; Cheboygan County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.