The housing market in Parma township, MI is very strong. The median value of homes is $197,500 which is much lower than the US median value of $338,100. Despite the lower median home value, the 1 year house appreciation rate in Parma township is 9.09%, which is higher than the national rate of 8.27%. This makes this area a desirable option for those looking to invest in real estate and take advantage of the increasing home values.
The median home cost in Parma township is $197,500. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Parma township is up 16.2%.
Average Age of Homes
- The median age of Parma township real estate is 44 years old
The Rental Market in Parma township
- Renters make up 15.8% of the Parma township population
- 1.5% of houses and apartments in Parma township, 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.