Parchment Real Estate
1 active listing · 20 sold in the past 12mo
$255,000
Median List Price
20
Sold (past 12mo)
47
Avg Days on Market
+0.3%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
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Recently Sold(20)
Frequently Asked Questions about Parchment
What is the current real estate inventory in Parchment?
Parchment currently has 1 home listed for sale. The median asking price is $255,000.
What are home prices like in Parchment?
Homes in Parchment sell for a median of $255,000, drawn from 20 transactions over the past year.
What is the average days on market in Parchment?
The average days on market in Parchment is 47, based on 20 recent transactions.
Which school districts cover Parchment?
Parchment is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Parchment may be zoned for different districts. Check individual listings for the specific school district assignment.
How competitive is the Parchment real estate market?
With 0.6 months of inventory, Parchment is currently a seller's market. This is based on 1 active listing and 20 sales in the past 12 months.
What are property taxes like in Parchment?
Michigan property taxes in Parchment are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
Is housing demand growing in Parchment?
Per U.S. Census ACS data, Parchment has a +0.3% Household Formation Gap — essentially flat over the past 15 years. Average household size shifted from 2.26 to 2.21, while population declined 1.9%. This secondary indicator suggests demographic housing demand has remained relatively stable.