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These days, finding an affordable place to live in the Parnell area can be challenging. Home prices in Parnell are now at a median cost of $405,113, higher than the Michigan average of $250,415.
The average cost of rent is $1,563/mo in Parnell, primarily driven by the current value of real estate in the Parnell area. In Parnell, 4.89% of households rent, and 35.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parnell is $10,475 per month. Households that rent pay about 14.93% of their income on rent here. Parnell’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cannonsburg, MI: higher priced homes
- Grattan, MI: less expensive homes
- Ada, MI: higher priced homes
- Lowell, MI: less expensive homes
- Cooks Corners, MI: less expensive homes
- Forest Hills, MI: higher priced homes
- Rockford, MI: equally priced homes
- Belmont, MI: equally priced homes
- Belding, MI: less expensive homes
- Northview, MI: less expensive homes
Cities with Similar Populations
- Hoogdal, WA: higher priced homes
- Hebron, WI: less expensive homes
- Helen, GA: less expensive homes
- Henefer, UT: higher priced homes
- Herron, MI: less expensive homes
- Hesston, PA: less expensive homes
- Hildale, UT: equally priced homes
- Hillsdale, IL: less expensive homes
- Holbrook, KY: less expensive homes
- Hebron, NH: higher priced homes
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