Parchment vs Sterling Heights: Housing
| Parchment | Sterling Heights | |
|---|---|---|
| Median Home Value | $184,000 | $274,300 |
| Median Gross Rent | $1,045/mo | $1,292/mo |
| Homeownership Rate | 58.0% | 75.8% |
| Rent as Share of Income | 17.2% | 19.4% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.