Living in Parchment, MI
Parchment, MI is a charming community located near Kalamazoo, known for its welcoming atmosphere and family-friendly environment. The city combines suburban living with convenient access to urban amenities, providing diverse opportunities for shopping, dining, and recreation. With a focus on education and community spirit, Parchment is an ideal location for families, professionals, and investors alike.
Current Market Conditions in Parchment, MI
The real estate market in Parchment has seen steady growth over recent years, with home values appreciating consistently. This trend reflects the desirability of the area, driven by its excellent schools, community amenities, and proximity to Kalamazoo. Investors may find opportunities in both residential and commercial real estate.
Rental demand in Parchment remains strong, providing a favorable environment for both short-term and long-term investors. The lower cost of living compared to larger cities in Michigan adds to its appeal, attracting newcomers and keeping vacancy rates low.
Home Value Estimator For Parchment, MI
There are currently 593 real estate properties
in Parchment, MI,
with a median automated valuation model (AVM) price
of $209,110.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Parchment, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Parchment, MI,
is $211,041.00, with the most expensive house
in Parchment, MI, topping out
at $644,825.00 and the cheapest home
in Parchment, MI,
clocking in at $25,601.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Parchment, MI!
Rent Prices
In Parchment, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Parchment, MI, is on
a rollercoaster ride. The
average rent price in Parchment, MI,
is $1,247.00. Indeed, when looking to rent in
Parchment, MI, you can expect to pay as little
as $680.00 or as much
as $2,130.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Parchment, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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