Why Live in Parchment
Parchment is a quaint neighborhood known for its outdoor activities and small-town charm. The community of 2,000 residents is situated near the Kalamazoo River, ideal for kayaking, paddleboarding, and fishing, and features a 40-acre city park. Kindleberger Park, often referred to as the "Jewel of Parchment," offers a playground, tennis courts, a stage, baseball fields, and scenic trails. Nearby, Spring Valley Park and Markin Glen Park provide additional attractions such as disc golf, hiking trails, and water sports. The neighborhood is characterized by pre-World War II homes, including Cape Cod, ranch-style, and Colonial Revival designs, surrounded by mature trees. Parchment's homes typically sell quickly, averaging eight days on the market. Dining options include Geno's Golden Pizza & Pub, Buen Provecho Mexican Restaurant, and Spad’s Twisters Soft Serve Ice Cream. The Parchment School District includes Northwood Elementary, which has a high rating. Residents benefit from Metro bus services and proximity to major highways, with downtown Kalamazoo just 4 miles away and Grand Rapids 50 miles north. The area experiences significant snowfall annually and relies on Kalamazoo for its drinking water following past contamination issues.
Frequently Asked Questions
What is the average home price in Parchment, MI?
Homes for sale in Parchment, MI have an average home price of $233,725.
How many homes have sold over the last 12 months in Parchment, MI?
28 homes have sold in Parchment, MI over the last 12 months.
What are the most popular zip codes in Parchment, MI?
How much do you need to make to afford a house in Parchment?
The median home price in Parchment is $244,950. If you put a 20% down payment of $49,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Parchment.
How are the schools in Parchment, MI?
Home Trends in Parchment, MI
On average, homes in Parchment, MI sell after 8 days on the market compared to the national average of 50 days. The median sale price for homes in Parchment, MI over the last 12 months is $229,000, up 43% from the median home sale price over the previous 12 months.
Median Sale Price
$229,000
Median Single Family Sale Price
$244,750
Average Price Per Sq Ft
$138
Number of Homes for Sale
2
Last 12 months Home Sales
28
Median List Price
$244,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
43%