Pinckney, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Pinckney Neighborhoods Since 2000




Pinckney, MI Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Pinckney Housing Market Information

With 2,436 people, 971 houses or apartments, and a median cost of homes of $188,861, 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 78.26% of the village's housing units. Other types of housing that are prevalent in Pinckney include duplexes, homes converted to apartments or other small apartment buildings ( 11.63%), large apartment complexes or high rise apartments ( 6.98%), and a few row houses and other attached homes ( 3.13%).

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 73.72% of Pinckney's homes, and 69.06% 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 2000 and later ( 18.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.69%). There's also some housing in Pinckney built before 1939 ( 7.99%).

Pinckney Home Appreciation Rates

Real estate appreciation rates in Pinckney's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

Appreciation rates are so strong in Pinckney that despite a nationwide downturn in the housing market, Pinckney real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pinckney appreciation rates continue to be some of the highest in America, at 6.04%, which is higher than appreciation rates in 74.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pinckney. Pinckney appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Pinckney one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Michigan, our data show that Pinckney's latest annual appreciation rate is higher than 50% 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:
$188,861

Pinckney, MI HOME PRICES

Value Range
> $1,226,000 0.0
$920,001 - $1,226,000 0.0
$613,001 - $920,000 0.7
$490,001 - $613,000 0.7
$368,001 - $490,000 1.3
$245,001 - $368,000 18.4
$122,001 - $245,000 66.6
$61,001 - $122,000 9.5
$0 - $61,000 3.0

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
35.1927809680066 17.7884615384615

Number Of Homes And Apartments:
971

Pinckney Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
3.06% 0.17% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,020 / per month

Homeownership Rate

Homeownership
Owners 73.72
Renters 26.28
Vacant 1.82

Housing Market Details

 

Age of Homes

AGE OF Pinckney HOMES
2000 or Newer 18.0
1970 - 1999 56.3
1940 - 1969 17.7
1939 or Older 8.0

Types of Homes

TYPE OF Pinckney HOMES
Single-Family 78.3
Townhomes 3.1
Small Apt. Buildings 11.6
Apt. Complexes 7.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pinckney HOMES
No Bedroom 0.00
1 Bedroom 7.28
2 Bedrooms 19.62
3 Bedrooms 58.54
4 Bedrooms 10.52
5 or more bedrooms 4.04