What percentage of people rent in Parchment, MI?
42.0% (±11.7 points) of the occupied homes in Parchment, MI are rented (2020–2024 American Community Survey).
That is 381 renting households against 526 that own their home.
In Parchment, the share of households that rent went from 39.7% in 2015–2019 to 42.0% in 2020–2024 (+2.3 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 42.0% (±11.7 points)
- Renting households
- 381 (±145)
- Median renter income
- $52,736 (±$21,166)
Who rents and who owns in Parchment
| Parchment | Kalamazoo County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 42.0% (±11.7 points) | 35.5% (±1.0 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 381 (±145) | 38,004 (±1,158) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 526 (±110) | 69,106 (±1,098) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 1.9 (±0.4) | 2.0 (±0.1) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.4 (±0.2) | 2.6 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $52,736 (±$21,166) | $42,263 (±$2,034) | $42,352 (±$376) | $52,966 |
| Median owner household income | $103,816 (±$5,313) | $97,916 (±$3,658) | $87,130 (±$344) | $100,009 |
In Parchment, the renter share is not measurably different from Kalamazoo County (35.5%).
It is also higher than in Michigan (26.8%).
It is not measurably different from the national figure (34.8%).
In Kalamazoo County, Parchment ranks 3 of 19 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 63 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Parchment has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 39.7% (±4.7 points) | 42.0% (±11.7 points) | +2.3 percentage points | Not a measurable change |
| Median gross rent | $754 (±$81) | $1,045 (±$93) | +38.6% | No measurable change after inflation |
| Median household income | $50,000 (±$6,147) | $72,798 (±$21,380) | +45.6% | No measurable change after inflation |
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.
Households that rent in places near Parchment
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Parchment | — | 42.0% (±11.7 points) | — |
| Eastwood | 2.0 mi | 39.8% (±7.7 points) | Not measurably different |
| Comstock Northwest | 2.5 mi | 53.4% (±6.6 points) | Not measurably different |
| Kalamazoo Charter Township | 2.9 mi | 35.9% (±4.0 points) | Not measurably different |
| Westwood | 3.7 mi | 41.3% (±6.5 points) | Not measurably different |
| Cooper Charter Township | 3.7 mi | 23.0% (±4.8 points) | Lower |
| Kalamazoo | 3.8 mi | 57.7% (±2.0 points) | Higher |
| Comstock Charter Township | 5.6 mi | 27.1% (±3.6 points) | Lower |
| Richland Township (Kalamazoo County) | 5.7 mi | 10.5% (±3.9 points) | Lower |
Nearby places with a measurably lower figure: Cooper Charter Township, MI (23.0%), Comstock Charter Township, MI (27.1%), Richland Township (Kalamazoo County), MI (10.5%).
Nearby places with a measurably higher figure: Kalamazoo, MI (57.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Kalamazoo County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Kalamazoo | 57.7% (±2.0 points) |
| 2 | Oshtemo Charter Township | 50.1% (±4.1 points) |
| 3 | Parchment | 42.0% (±11.7 points) |
| 4 | Kalamazoo Charter Township | 35.9% (±4.0 points) |
| 5 | Galesburg | 31.9% (±7.9 points) |
| 6 | Portage | 30.9% (±2.6 points) |
| 7 | Comstock Charter Township | 27.1% (±3.6 points) |
| 8 | Cooper Charter Township | 23.0% (±4.8 points) |
| 9 | Schoolcraft Township (Kalamazoo County) | 19.7% (±5.2 points) |
Showing 9 of 19 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.
What you can do on Seayora in Parchment
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Questions about Parchment
How many renters are there in Parchment?
Parchment has an estimated 381 (±145) renting households, 42.0% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Parchment?
In Parchment, the share of households that rent went from 39.7% in 2015–2019 to 42.0% in 2020–2024 (+2.3 percentage points), not a measurable change.
How big are renting households in Parchment?
A renting household in Parchment has 1.9 people on average, against 2.4 in an owned home.
How much do renters earn in Parchment?
The median renting household in Parchment, MI has an income of $52,736 (±$21,166) a year, against $103,816 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Parchment city, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Parchment city, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Parchment city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Parchment city, Michigan
- Median Household Income (B19013), 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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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
- Median rent in Parchment
- Rent by bedrooms 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 share of renters
- Housing data for every place in Michigan