What HUD offices serve Pinckney, Michigan?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Pinckney.
How many renters live in Pinckney, Michigan?
The City of Pinckney has people living in households.
There are renters living in renter households in this City. Renters make up 21.59 percent of the population living in Pinckney.
What is the rental market like in Pinckney, Michigan?
There are an estimated housing units in the Pinckney area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Pinckney, Michigan, there are 1.07 rental units.
What is the vacancy rate for rentals in Pinckney?
The rental vacancy rate in Pinckney is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Pinckney for each bedroom size?
Occupied Rental Units by Size in Pinckney
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
72 | 69 | 31 | 23 | 0 |
Occupied Rental Units by Size in Pinckney
A large number of apartments in Pinckney have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Pinckney
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $920 to $2,069. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $920 |
One BR | $1,155 |
Two BR | $1,358 |
Three BR | $1,864 |
Four BR | $2,069 |
2024 Fair Market Rents in Pinckney, Michigan
How many units are rented at Fair Market Rent (FMR) in Pinckney?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
Studio | 35 | 49 percent |
One BR | 69 | 100 percent |
Two BR | 19 | 61 percent |
Rental Units Below FMR in Pinckney, Michigan
How many affordable rental units are in Pinckney?
Income Based Apartments in Pinckney, Michigan
Pinckney features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Pinckney, Michigan
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pinckney.
Housing Choice Vouchers in Pinckney, Michigan
On average, Section 8 Housing Choice vouchers pay Pinckney landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pinckney.
The maximum amount a voucher would pay on behalf of a low-income tenant in Pinckney, Michigan for a two-bedroom apartment is between $1,222 and $1,494.
Sourced from federal housing data and AffordableHousingOnline.com research.