Home prices
The median home in Parchment is valued at $121,400. It is approximately $8,300 (6%) lower compared to nearby areas.Compared to the entire country it is about $96,100 (44%) lower, and is roughly $6,300 (5%) higher compared to the city of Fort Wayne.
Rents
In Parchment the median rent is $754 a month. In comparison to the surrounding areas this is roughly $96 (11%) lower.Compared to the US as a whole it is roughly $308 (29%) lower, and it is approximately $10 (1%) lower in comparison to the city of Fort Wayne.
Nearby places
Kalamazoo
Kalamazoo is Parchment's neighbor to the south. The real estate prices there are a little less expensive. The price of the median home in Kalamazoo is $106,600, which works out to $14,800 (13%) lower than Parchment. The rent there is a bit more expensive. In Kalamazoo the median rent is $795 a month, which comes out to $41 (5%) higher than Parchment.
Eastwood
Eastwood is approximately 1 mile southeast of Parchment. The housing prices there are a lot less expensive. The median home in Eastwood costs $81,800, which is $39,600 (48%) lower than Parchment. Rents there are somewhat more expensive. The median monthly rent in Eastwood is $895, which works out to $141 (15%) higher than Parchment.
Comstock Northwest
Comstock Northwest is roughly 2 miles east from Parchment. The real estate prices there are a little more expensive. The value of the median home in Comstock Northwest is $146,900, which comes out to $25,500 (17%) higher than Parchment. Its rents are a bit more expensive. The median rent in Comstock Northwest is $805 a month, which is $51 (6%) higher than Parchment.
Westwood
Westwood is roughly 3 miles southwest of Parchment. Its real estate prices are somewhat more expensive. The median home cost in Westwood is $129,100, which works out to $7,700 (5%) higher than Parchment. Rents there are a bit more expensive. The median rent in Westwood is $903 a month, which is $149 (16%) higher than Parchment.
Richland
Richland is roughly 5 miles northeast from Parchment. Its real estate prices are significantly more expensive. The median home in Richland is valued at $184,100, which is $62,700 (34%) higher than Parchment. The rent there is somewhat more expensive. In Richland the median monthly rent is $850, which works out to $96 (11%) higher than Parchment.
