The housing market in Parma, MO is thriving. The median value of homes in Parma is $62,100, significantly lower than the US median value of $338,100. This affordability has allowed home values to appreciate at a rate of 13.45% over the past year, more than the US average rate of 8.27%. Homeowners in Parma are seeing their investments grow quickly and it's no surprise that this small town has seen an influx of new residents in recent years.
The median home cost in Parma is $62,100. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Parma is up 17.1%.
Average Age of Homes
- The median age of Parma real estate is 46 years old
The Rental Market in Parma
- Renters make up 37.6% of the Parma population
- 3.5% 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.