The housing market in Parma, OH is vibrant and growing. The median value of housing is $177,200 and has appreciated 8.35% in the last year. This is slightly higher than the national average of 8.27%. This demonstrates a strong demand for housing in the area and suggests that Parma is a great city to invest in for those looking for an opportunity to build equity.
The median home cost in Parma is $177,200. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Parma is up 12.6%.
Average Age of Homes
- The median age of Parma real estate is 59 years old
The Rental Market in Parma
- Renters make up 23.3% of the Parma population
- 1.3% 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.