The housing market in Parma, ID is a stable and attractive option for potential homeowners. The median value of homes in Parma is $409,700 which is slightly higher than the US house median value of $338,100. While the US has seen an 8.27% increase in home values over the past year, Parma has seen a relatively smaller 4.74% appreciation making it a great investment opportunity for buyers looking to establish roots in this vibrant city.
The median home cost in Parma is $409,700. Home appreciation the last 10 years has been 260.0%. Home Appreciation in Parma is up 15.6%.
Average Age of Homes
- The median age of Parma real estate is 45 years old
The Rental Market in Parma
- Renters make up 31.4% of the Parma population
- 0.0% of houses and apartments in Parma, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.