What is the median rent in Parchment, MI?
The median gross rent in Parchment, MI is $1,045 (±$93) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 381 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Parchment, the median gross rent went from $754 in 2015–2019 to $1,045 in 2020–2024 (+38.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,045 (±$93)
- Rented homes
- 381 (±145)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +38.6%
How much rent costs in Parchment
| Monthly gross rent | Parchment | Kalamazoo County | Michigan | United States |
|---|---|---|---|---|
| Less than $500 | 3.4% (±5.1 points) | 7.7% | 8.3% | 6.3% |
| $500 to $999 | 37.5% (±20.6 points) | 33.3% | 30.1% | 20.2% |
| $1,000 to $1,499 | 51.2% (±22.8 points) | 38.4% | 38.4% | 28.1% |
| $1,500 to $1,999 | 7.9% (±8.0 points) | 13.7% | 15.1% | 21.1% |
| $2,000 to $2,499 | 0.0% (±7.6 points) | 4.5% | 5.0% | 12.0% |
| $2,500 to $2,999 | 0.0% (±7.6 points) | 0.8% | 1.4% | 5.5% |
| $3,000 or more | 0.0% (±7.6 points) | 1.6% | 1.7% | 6.8% |
The most common range is $1,000 to $1,499, paid by 51.2% of renting households.
0.0% of rented homes in Parchment cost $2,000 or more a month.
Parchment against Kalamazoo County, its state and the nation
| Parchment | Kalamazoo County | Michigan | United States | |
|---|---|---|---|---|
| Median gross rent | $1,045 (±$93) | $1,093 (±$21) | $1,129 (±$4) | $1,413 |
| Rented homes paying rent | 381 (±145) | 36,819 (±1,104) | 1,032,697 (±7,764) | 42,849,984 |
In Parchment, median gross rent is not measurably different from Kalamazoo County ($1,093).
It is not measurably different from Michigan ($1,129).
It is lower than the national figure ($1,413).
In Kalamazoo County, Parchment ranks 13 of 17 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 504 of 1,305.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Parchment has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $754 (±$81) | $1,045 (±$93) | +38.6% | No measurable change after inflation |
| Households that rent | 39.7% (±4.7 points) | 42.0% (±11.7 points) | +2.3 percentage points | Not a measurable change |
| Rental vacancy rate | 5.1% (±5.4 points) | 3.3% (±4.9 points) | −1.8 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Parchment
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Parchment | — | $1,045 (±$93) | — |
| Eastwood | 2.0 mi | $1,065 (±$71) | Not measurably different |
| Comstock Northwest | 2.5 mi | $1,080 (±$79) | Not measurably different |
| Kalamazoo Charter Township | 2.9 mi | $1,100 (±$56) | Not measurably different |
| Westwood | 3.7 mi | $1,233 (±$159) | Higher |
| Cooper Charter Township | 3.7 mi | $1,281 (±$84) | Higher |
| Kalamazoo | 3.8 mi | $1,078 (±$44) | Not measurably different |
| Comstock Charter Township | 5.6 mi | $1,061 (±$77) | Not measurably different |
| Richland Township (Kalamazoo County) | 5.7 mi | $1,109 (±$139) | Not measurably different |
Nearby places with a measurably higher figure: Westwood, MI ($1,233), Cooper Charter Township, MI ($1,281).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Kalamazoo County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 7 | Richland Township (Kalamazoo County) | $1,109 (±$139) |
| 8 | Kalamazoo Charter Township | $1,100 (±$56) |
| 9 | Kalamazoo | $1,078 (±$44) |
| 10 | Schoolcraft Township (Kalamazoo County) | $1,071 (±$131) |
| 11 | Oshtemo Charter Township | $1,064 (±$64) |
| 12 | Comstock Charter Township | $1,061 (±$77) |
| 13 | Parchment | $1,045 (±$93) |
| 14 | Galesburg | $903 (±$125) |
| 15 | Climax Township | $854 (±$77) |
| 16 | Brady Township (Kalamazoo County) | $844 (±$166) |
| 17 | Ross Township | $588 (±$466) |
Showing 11 of 17 places in Kalamazoo County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Parchment
What is the average rent in Parchment, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Parchment is $1,045 (±$93) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Parchment?
In Parchment, the median gross rent went from $754 in 2015–2019 to $1,045 in 2020–2024 (+38.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Parchment cost more than $2,000 a month?
0.0% of rented homes in Parchment have a gross rent of $2,000 or more a month, and 3.4% cost less than $500.
Is rent in Parchment higher than in Kalamazoo County?
In Parchment, median gross rent is not measurably different from Kalamazoo County ($1,093).
It is not measurably different from Michigan ($1,129).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Parchment city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Parchment city, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Parchment city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Parchment city, Michigan (place:62340, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Parchment at a glance
- Rent by bedrooms in Parchment
- Renters and owners in Parchment
- Income and affordability in Parchment
- Home values in Parchment
- Homeowner costs in Parchment
- Property taxes in Parchment
- Types of homes in Parchment
- Bedrooms in Parchment
- Age of homes in Parchment
- Heating fuel in Parchment
- Commute and cars in Parchment
- Population growth in Parchment
- How long people stay in Parchment
- Michigan landlord and tenant rules
- Housing across Kalamazoo County
- Michigan places ranked by median rent
- Housing data for every place in Michigan