Parma, MI Housing Statistics

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51%

Med. Home Val. NAT. AVG.

4%

Rent NAT. AVG.

18%

Owner Occ. NAT. AVG.

Parma Housing Information

Index	Parma	Michigan	National
Median home price	$160,187	$235,809	$326,622
Median rent asked	$1,390	$1,222	$1,444
Avg. people per household	2.4	2.5	2.6
Owner occupied households	74.8%	70.8%	63.6%
Renter occupied households	25.2%	29.2%	36.4%

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Homes For Sale In Parma, MI

308 James St

Parma, MI

1114 Chapel Rd

Parma, MI

16 Campbell Lake Dr

Parma, MI

9437 Fisk Rd

Parma, MI

Housing Quick Facts

The median home price in Parma is 51% lower than the national average.
The median rent asked in Parma is 4% lower than the national average.
The average number of people per household in Parma is 9% lower than the national average.
The number of owner occupied households in Parma is 18% higher than the national average.
The number of renter occupied households in Parma is 31% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Albion, MI	8,601	$106,092	68%
Jackson, MI	33,318	$129,185	60%
Cement City, MI	539	$145,316	56%
Springport, MI	866	$151,371	54%
Homer, MI	1,608	$166,531	49%
Parma, MI	554	$160,187	51%

Cities with similar population

	Population	Home Price	National Avg.
Industry, IL	554	$127,407	61%
Umapine, OR	554	$635,391	95%
Toledo, WA	554	$283,293	13%
Makanda, IL	554	$393,022	20%
Johnson City, OR	554	$101,002	69%
Parma, MI	554	$160,187	51%

Source: The Parma, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.