Parchment, MI Real Estate
According to census data in the year 2000 there were 873 housing units in Parchment.
This represents a 3.9% growth from 840 in 1990.
Of those housing units, 873 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Parchment is about 66.3%.
Parchment's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Parchment were built after 1954.
|Housing Units by Size|
|Five Bedrooms or more||3.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.69|
|Median year structure was built||1951|
|Median Value of occupied units||$90,800|
|Median Price asked for vacant units||$65,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.66|
|Median year structure was built||1965|
|Median Monthly Rent asked for vacant units||$442|
Owners Finance Status
|Second Mortgage & Equity Loan||1.20%|
|Home Equity Loan||12.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.4%|