Quick facts: Pinckney, MI

Quick Facts

94.9
Cost of Living
below US average
2,380
Population
5.88
Crime Rate per 1000
below US average
$88,894
Median Income
above US average
$399,900
Median House Price
above US average
$1999.45
Average Rent
above US average
5%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $88,894.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $88,894
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Income Needed to Rent

βœ“ Affordable
$86k/year
Based on $1999.45/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($88,894) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pinckney, MI

Pinckney, Michigan, is a charming village located in both Livingston and Washtenaw counties, approximately 20 miles northwest of Ann Arbor. Nestled near the scenic shores of the Chain of Lakes, Pinckney offers a quaint, small-town atmosphere with a population of around 2,500 residents. The village is part of the Pinckney Community School District, known for its commitment to quality education. Outdoor enthusiasts will appreciate the area's abundance of recreational activities, particularly in the nearby Pinckney Recreation Area, which features numerous trails for hiking, biking, and horseback riding, as well as opportunities for fishing and boating. The village's picturesque landscape includes parks and natural spaces, creating a perfect backdrop for family outings and community events. Downtown Pinckney features local shops, cafes, and restaurants, fostering a strong sense of community. Throughout the year, the village hosts various events, such as farmers' markets and festivals, that enhance local culture and pride. With its friendly atmosphere and natural beauty, Pinckney is an idyllic place to live or visit in Michigan.

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