48169, Pinckney, MI

The 48169 zip code of Pinckney, MI has a median home value of $135,000 and a median home equity of $111,500. This means that the majority of homeowners in this zip code have more equity in their homes than they need to cover their current monthly expenses. Additionally, the average rate on a 30-year fixed-rate mortgage in this zip code is currently at 4.02%, which is below the statewide average rate of 4.31%. This indicates that there are plenty of potential homebuyers who are interested in purchasing homes in this area.

In addition to being an attractive location for homeowners, the 48169 zip code also has some strong economic indicators. For example, the unemployment rate here is only 3%, which is much lower than the statewide unemployment rate of 5%. Additionally, wages and salaries here are above average for Michigan, which may indicate that businesses are doing well and employees are able to afford to live in this area. Finally, property taxes here are also below average for Michigan, indicating that residents may be able to afford to pay these bills even if their home equity decreases over time.