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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 $406,981, lower than the Idaho average of $450,170.
The average cost of rent is $1,007/mo in Parma, primarily driven by the current value of real estate in the Parma area. In Parma, 28.43% of households rent, and 44.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parma is $5,373 per month. Households that rent pay about 18.74% of their income on rent here. Parma’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Roswell, ID: higher priced homes
- Nyssa, OR: less expensive homes
- Notus, ID: higher priced homes
- Adrian, OR: less expensive homes
- Wilder, ID: equally priced homes
- Greenleaf, ID: equally priced homes
- New Plymouth, ID: equally priced homes
- Homedale, ID: less expensive homes
- Fruitland, ID: less expensive homes
- Letha, ID: higher priced homes
Cities with Similar Populations
- Grandview, TX: less expensive homes
- Gravette, AR: less expensive homes
- Grasonville, MD: higher priced homes
- Granville, NY: less expensive homes
- Grantville, GA: less expensive homes
- Grant-Valkaria, FL: higher priced homes
- Grant, AL: less expensive homes
- Granite Shoals, TX: less expensive homes
- Granger, WA: less expensive homes
- Green Forest, AR: less expensive homes
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