Parchment Housing Information - Census

IndexParchmentMichiganNational
Median home price$105,400$127,800$184,700
Median rent asked$792$799$949
Avg. people per household2.32.52.6
Owner occupied households50.0%70.8%63.6%
Renter occupied households50.0%29.2%36.4%

Parchment Housing Information - Zillow

IndexParchmentMichiganNational
Zillow home value index$113,790$138,747$213,146
Year over year appreciation rate17.27%6.77%8.00%
5 year average appreciation rate8.15%9.24%6.57%
10 year average appreciation rate0.61%2.11%1.33%

Did you know?

  • The median home price in Parchment is 43% lower than the national average.
  • The median rent asked in Parchment is 17% lower than the national average.
  • The average number of people per household in Parchment is 11% lower than the national average.
  • The number of owner occupied households in Parchment is 21% lower than the national average.
  • The number of renter occupied households in Parchment is 37% higher than the national average.

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Compare Parchment, MI Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Galesburg, MI2,053$67,80063%
Augusta, MI914$80,50056%
Eastwood, MI5,713$83,70055%
Allegan, MI5,051$86,90053%
Kalamazoo, MI75,885$96,60048%
Parchment, MI1,931$105,40043%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Northwood, IA1,931$94,50049%
Brackettville, TX1,931$52,10072%
New Plymouth, ID1,931$87,00053%
Mio, MI1,930$66,70064%
Lookout Mountain, TN1,930$561,700204%
Parchment, MI1,931$105,40043%
Source: The Parchment, MI housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.