Local
Learn about the people, housing, costs and businesses in Parchment, Michigan
Real local data across mortgage, insurance, natural hazard, and place.
Rates, calculators, and lender comparisons
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Parchment.
True all-in cost — P&I, taxes, insurance & utilities for homes in Parchment.
Find and compare lenders active near Parchment.
Homeowners, flood, and specialty coverage estimates
Flood, earthquake, and wildfire risk data
FEMA flood zones and flood insurance estimates for Parchment.
Seismic risk and earthquake insurance estimates for Parchment.
Wildfire exposure and insurance estimates for Parchment.
As of today, the 30-year fixed mortgage rate for Parchment is approximately 6.839% (6.873% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for ParchmentThe median home value in Parchment is $463k. The median monthly rent is $1,447. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Parchment have increased 8.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $1,786/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parchment is $119k/year.
Calculate your buying powerThe largest employment sectors in Parchment are public administration (21%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.