Housing in Parchment, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$199,900
Median List Price
$259,500
Price Per Sq Ft
$194
Days on Market
16
Active Inventory
8
Months of Supply
2.7
Seller's market
Zillow Home Value
$196,210
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
100.0%
Sale-to-List Ratio
99.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
5
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$194
Median List $/SF
$135
Parchment vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Parchment is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$178,400
Median Rent
$1,024
Total Housing Units
1,002
Vacancy Rate
9.3%
Owner Occupied
56.9%
Renter Occupied
43.1%
Median Property Tax
$2,918
per year
Monthly Cost (w/ Mortgage)
$1,079
Housing Types
The current median sale price in Parchment, MI is $199,900 according to Redfin data. Homes spend a median of 16 days on the market. 0.0% of homes sold above asking price. The market has 2.7 months of supply. The median price per square foot is $194. The median rent is $1,024 per month (Census ACS). About 56.9% of housing units are owner-occupied. The median year homes were built is 1954. There are 1,002 total housing units.