Pinckney, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pinckney, MI Housing Market Trends

With 2,420 people, 909 houses or apartments, and a median cost of homes of $235,969, Pinckney real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pinckney, accounting for 81.96% of the village's housing units. Other types of housing that are prevalent in Pinckney include large apartment complexes or high rise apartments ( 8.64%), duplexes, homes converted to apartments or other small apartment buildings ( 8.11%), and a few row houses and other attached homes ( 1.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pinckney. Owner-occupied housing accounts for 78.55% of Pinckney's homes, and 70.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pinckney built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pinckney built between 1940-1969 ( 17.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.97%). There's also some housing in Pinckney built before 1939 ( 8.86%).

Pinckney Home Appreciation Rates

Appreciation rates for homes in Pinckney have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 66.13%, which ranks in the top 30% nationwide. This equates to an annual average Pinckney house appreciation rate of 5.21%.

Over the last year, Pinckney appreciation rates have trailed the rest of the nation. In the last twelve months, Pinckney's appreciation rate has been 7.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pinckney were at 2.90%, which equates to an annual appreciation rate of 12.09%.

Relative to Michigan, our data show that Pinckney's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Pinckney differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pinckney - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pinckney real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$235,969

Pinckney, MI HOME PRICES

> $1,192,000
0.4%
0.4%
$894,001 - $1,192,000
0.0%
0.0%
$596,001 - $894,000
0.0%
0.0%
$477,001 - $596,000
1.2%
1.2%
$357,001 - $477,000
10.5%
10.5%
$238,001 - $357,000
36.8%
36.8%
$119,001 - $238,000
45.5%
45.5%
$59,001 - $119,000
2.1%
2.1%
$0 - $59,000
3.5%
3.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for MI

Value Relative To Nation

Number Of Homes And Apartments:
909

Pinckney Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
28.31% 1.17%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,231 / per month

Homeownership Rate

Owners
78.5%
78.5%
Renters
21.5%
21.5%
Vacant
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.0%
17.0%
1970 - 1999
56.2%
56.2%
1940 - 1969
17.9%
17.9%
1939 or Older
8.9%
8.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
82.0%
82.0%
Townhomes
1.3%
1.3%
Small Apt. Buildings
8.1%
8.1%
Apt. Complexes
8.6%
8.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
11.3%
11.3%
2 Bedrooms
13.4%
13.4%
3 Bedrooms
54.1%
54.1%
4 Bedrooms
16.3%
16.3%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES