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 $49,976, lower than the Missouri average of $194,908.
The average cost of rent is $573/mo in Parma, primarily driven by the current value of real estate in the Parma area. While nearly 70.26% of residents own their homes outright in Parma, 30.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Parma is $4,371 per month. Households that rent pay about 13.12% of their income on rent here. Parma's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Risco, MO: higher priced homes
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- Bernie, MO: higher priced homes
- Frisco, MO: higher priced homes
- Charter Oak, MO: higher priced homes
- North Lilbourn, MO: higher priced homes
- Lilbourn, MO: higher priced homes
Cities with Similar Populations
- Stoddert, VA: higher priced homes
- Scotland, GA: higher priced homes
- Seal Cove, ME: higher priced homes
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- South Bend, NE: higher priced homes
- Southland, AR: higher priced homes
- Spanish Flat, CA: higher priced homes
- Sparkman, AR: higher priced homes
- Spavinaw, OK: higher priced homes
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