Location: Livingston County, MI | Metro: Ann Arbor, MI MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,370 | $302,605 | 0.45% | F |
| 2BR | $1,570 | $335,511 | 0.47% | F |
| 3BR | $2,150 | $394,875 | 0.54% | F |
| 4BR | $2,480 | $488,374 | 0.51% | F |
| 5BR | $2,877 | $577,421 | 0.5% | F |
U.S. Census Bureau data (2024)
The dynamics of the ZIP code 48169, located in Pinckney, MI, reveal a market in motion. With a Fair Market Rent (FMR) set at $1410 for fiscal year 2024, it stands slightly above the average market rent of $1,202 according to the Census ACS data. This indicates that the rental market is experiencing some upward pressure, suggesting that demand is keeping pace with supply, if not slightly exceeding it.
A price-cut share of just 0.1% and a days on market (DOM) figure of only 13 days point towards a robust sales market. Homes are selling quickly without significant discounts, which typically signals a strong seller's market where demand outstrips supply. The median home value of $392,302 further supports this conclusion, as it reflects a stable and potentially appreciating residential property market.
The renter share of 9.8% is relatively low, indicating that most residents in Pinckney prefer homeownership over renting. This suggests a long-term trend towards stable housing pressure, as fewer people entering the rental market can lead to lower vacancy rates and potentially higher rents over time. However, the current FMR being higher than the market rent also hints at the possibility of rental rates catching up to fair market values in the near future.
In summary, the current snapshot of the Pinckney, MI market shows a dynamic environment where demand is likely outpacing supply, particularly in the sales market. The rental market is showing signs of upward pressure, but it remains to be seen whether this will translate into sustained growth in rental rates. For landlords and small-portfolio investors, these conditions present opportunities for steady returns, especially in the rental sector, where there is room for rental rates to rise to meet the FMR.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.