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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 14% |
| Two Bedrooms | 36% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 11.20% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.20% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 12.40% |
| Simple Mortgage | 47.30% |
| Debt Free | 32% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
