Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Parchment area can be challenging. Home prices in Parchment are now at a median cost of $150,478, lower than the Michigan average of $196,062.
The average cost of rent is $906/mo in Parchment, primarily driven by the current value of real estate in the Parchment area. While nearly 33.74% of residents own their homes outright in Parchment, 34.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Parchment is $4,933 per month. Households that rent pay about 18.36% of their income on rent here. Parchment's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Eastwood, MI: less expensive homes
- Westwood, MI: higher priced homes
- Kalamazoo, MI: higher priced homes
- Richland Junction, MI: higher priced homes
- Richland, MI: higher priced homes
- Greater Galesburg, MI: higher priced homes
- Galesburg, MI: higher priced homes
- Howlandsburg, MI: higher priced homes
- Orangeville, MI: higher priced homes
- Portage, MI: higher priced homes
Cities with Similar Populations
- Black Eagle, MT: higher priced homes
- Cooleemee, NC: less expensive homes
- Theresa, WI: higher priced homes
- Cronanville, TN: equally priced homes
- Ada, MN: less expensive homes
- Waimea Kauai, HI: higher priced homes
- Waldo, FL: less expensive homes
- Buhl, AL: equally priced homes
- Briarcliff, TX: higher priced homes
- Blue Eye, MO: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood