Parma Housing Information - Census

IndexParmaMichiganNational
Median home price$77,800$120,200$175,700
Median rent asked$665$780$920
Avg. people per household3.02.52.6
Owner occupied households82.4%71.5%64.4%
Renter occupied households17.6%28.5%35.6%

Parma Housing Information - Zillow

IndexParmaMichiganNational
Zillow home value indexn/a$126,100$188,100
Year over year appreciation raten/a5.88%5.14%
5 year average appreciation raten/a6.88%4.12%
10 year average appreciation raten/a-1.03%-0.33%

Did you know?

  • The median home price in Parma is 56% lower than the national average.
  • The median rent asked in Parma is 28% lower than the national average.
  • The average number of people per household in Parma is 16% higher than the national average.
  • The number of owner occupied households in Parma is 28% higher than the national average.
  • The number of renter occupied households in Parma is 51% lower than the national average.

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Compare Parma, MI Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Albion, MI8,416$60,10066%
Springport, MI748$64,50063%
Cement City, MI481$64,80063%
Jackson, MI33,317$65,10063%
Homer, MI1,793$71,30059%
Parma, MI989$77,80056%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Santa Susana, CA989$451,000157%
Millville, PA989$111,50037%
Churchill, MT989$241,00037%
Danville, IA989$111,90036%
Loup City, NE989$60,30066%
Parma, MI989$77,80056%
Source: The Parma, MI housing data displayed above is derived from the United States Census Bureau and Zillow data.