The housing market in Parma, NY is thriving and boasts a median value of $230,600. This is significantly lower than the US median value of $338,100, yet it has seen a 1 year appreciation rate of 11.74%, higher than the national average of 8.27%. It appears that Parma's housing market is growing at a faster rate than the rest of the country, making it an attractive option for potential buyers.
The median home cost in Parma is $230,600. Home appreciation the last 10 years has been 65.6%. Home Appreciation in Parma is up 12.4%.
Average Age of Homes
- The median age of Parma real estate is 46 years old
The Rental Market in Parma
- Renters make up 18.6% of the Parma population
- 1.9% 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.