Parchment, MI
Full City Profile · Michigan · Kalamazoo County County
3.6
/5.0
B+
Good
2,012
Population
2,187/sq mi density
$54,572
Median Income
$36,122 per capita
$178,400
Home Value
$205,602 Zillow
$1,024
Median Rent
29.0% income on rent
50°F
Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$54,572 median income, 9.2% unemployment
A+
Affordability
4.8 / 5.0
$178,400 home value, $1,024/mo rent
C+
Education
2.9 / 5.0
24.0% bachelor's degree or higher
Housing Overview
Median Home Value
$178,400
37% below
US avg: $281,900
Median Rent
$1,024/mo
12% below
US avg: $1,163/mo
Homeownership Rate
56.9%
13% below US avg (65.4%)
Total Housing Units
982
Median year built: 1953
Home Value by Source
Census Median
$178,400
Zillow (ZHVI)
$205,602
Redfin Median Sale
$150,000
Median Sale Price
$150,000
Median List Price
$205,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
56.9%
Owner-Occupied
43.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,024/mo
· Zillow rent:
$1,150/mo
Market Indicators (Redfin)
Median Sale Price
$150,000
Median Days on Market
30 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
66.7%
of listings with price reduction
Price Per Sq Ft
$137
Active Inventory
6
homes for sale
Affordability & Housing Stock
Rent Burden
29.0%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
56.9%
Complete Housing Data
Home Values
| Census Median Value | $178,400 |
| Zillow Home Value (ZHVI) | $205,602 |
| Redfin Median Sale | $150,000 |
| Median Sale Price | $150,000 |
| Median List Price | $205,000 |
| Price Per Sq Ft | $137 |
Rent
| Census Median Rent | $1,024 |
| Zillow Rent (ZORI) | $1,150 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 30 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 66.7% |
| Homes Sold | 4 |
| Active Inventory | 6 |
| Price Per Sq Ft | $137 |
Ownership & Stock
| Owner-Occupied | 56.9% |
| Renter-Occupied | 43.1% |
| Homeownership Rate | 56.9% |
| Total Housing Units | 982 |
| Median Year Built | 1953 |
| Rent Burden | 29.0% |