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These days, finding an affordable place to live in the Parma Heights area can be challenging. Home prices in Parma Heights are now at a median cost of $184,575, lower than the Ohio average of $236,816.
The average cost of rent is $1,186/mo in Parma Heights, primarily driven by the current value of real estate in the Parma Heights area. In Parma Heights, 42.16% of households rent, and 32.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parma Heights is $5,503 per month. Households that rent pay about 21.56% of their income on rent here. Parma Heights’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Parma, OH: equally priced homes
- Brook Park, OH: equally priced homes
- Middleburg Heights, OH: higher priced homes
- Brooklyn, OH: less expensive homes
- Linndale, OH: less expensive homes
- North Royalton, OH: higher priced homes
- Seven Hills, OH: higher priced homes
- Brooklyn Heights, OH: higher priced homes
- Independence, OH: higher priced homes
- Broadview Heights, OH: higher priced homes
Cities with Similar Populations
- Smithfield, NC: higher priced homes
- Hercules, CA: higher priced homes
- Hermosa Beach, CA: higher priced homes
- Holly, MI: higher priced homes
- Hopkins, MN: higher priced homes
- Lake Zurich, IL: higher priced homes
- Lumberton, TX: higher priced homes
- Montgomery, IL: higher priced homes
- Seffner, FL: higher priced homes
- Shafter, CA: higher priced homes
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