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 Size

Housing Units by Size
Studio Type0%
One Bedroom14%
Two Bedrooms36%
Three Bedrooms35.20%
Four Bedrooms11.20%
Five Bedrooms or more3.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1951
Median Value of occupied units$90,800
Median Price asked for vacant units$65,000

Rented Homes, Apartments and Condos

Average Household Size1.66
Median year structure was built1965
Median Monthly Rent asked for vacant units$442

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.20%
Second Mortgage7.10%
Home Equity Loan12.40%
Simple Mortgage47.30%
Debt Free32%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.4%