The housing in Parchment, MI is quite impressive, with a median value of $180,300. This is significantly lower than the US House median value of $338,100, but it does outpace the US 1 year house appreciation rate of 8.27%, clocking in at 10.54%. This indicates that there has been strong growth in the value of housing in Parchment over the past year, making it an attractive option for potential homeowners.
The median home cost in Parchment is $180,300. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Parchment is up 14.9%.
Average Age of Homes
- The median age of Parchment real estate is 63 years old
The Rental Market in Parchment
- Renters make up 38.9% of the Parchment population
- 2.0% of houses and apartments in Parchment, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.