Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Parma area can be challenging. Home prices in Parma are now at a median cost of $182,560, higher than the Arkansas average of $160,541.
The average cost of rent is $848/mo in Parma, primarily driven by the current value of real estate in the Parma area. While nearly 36.96% of residents own their homes outright in Parma, 8.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Parma is $5,031 per month. Households that rent pay about 16.85% of their income on rent here. Parma's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Prim, AR: less expensive homes
- Turkey Creek, AR: equally priced homes
- Luber, AR: less expensive homes
- Woodrow, AR: less expensive homes
- Edgemont, AR: equally priced homes
- West Richwoods, AR: less expensive homes
- Fox, AR: less expensive homes
- Mountain View, AR: less expensive homes
- Fairfield Bay, AR: less expensive homes
- Drasco, AR: less expensive homes
Cities with Similar Populations
- So-Hi, AZ: less expensive homes
- Lake End, LA: less expensive homes
- Lake Fork, OH: less expensive homes
- Lake Hamilton, AR: higher priced homes
- Lake Santeetlah, NC: less expensive homes
- Lake Shore, TX: less expensive homes
- Lakeview Highlands, AL: less expensive homes
- Lamb, KY: less expensive homes
- Lamont, WA: equally priced homes
- Lanark, AR: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood