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 $132,171, lower than the Ohio average of $181,280.
The average cost of rent is $995/mo in Parma, primarily driven by the current value of real estate in the Parma area. While nearly 39.33% of residents own their homes outright in Parma, 28.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Parma is $5,242 per month. Households that rent pay about 18.99% of their income on rent here. Parma's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Parma Heights, OH: equally priced homes
- Seven Hills, OH: higher priced homes
- Brooklyn Heights, OH: higher priced homes
- Brooklyn, OH: less expensive homes
- Linndale, OH: less expensive homes
- Independence, OH: higher priced homes
- Brook Park, OH: equally priced homes
- Middleburg Heights, OH: higher priced homes
- North Royalton, OH: higher priced homes
- Cuyahoga Heights, OH: higher priced homes
Cities with Similar Populations
- El Monte, CA: higher priced homes
- Evanston, IL: higher priced homes
- Englewood, CO: higher priced homes
- Enterprise, NV: higher priced homes
- El Paso, TX: higher priced homes
- Elizabeth, NJ: higher priced homes
- Elkhart, IN: equally priced homes
- Ellicott City, MD: higher priced homes
- Everett, WA: higher priced homes
- Edinburg, TX: equally priced homes
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