Parchment vs Ann Arbor: Housing
| Parchment | Ann Arbor | |
|---|---|---|
| Median Home Value | $184,000 | $453,400 |
| Median Gross Rent | $1,045/mo | $1,649/mo |
| Homeownership Rate | 58.0% | 45.5% |
| Rent as Share of Income | 17.2% | 24.1% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.