Parma Housing Information - Census

IndexParmaMichiganNational
Median home price$77,100$127,800$184,700
Median rent asked$819$799$949
Avg. people per household3.02.52.6
Owner occupied households79.7%70.8%63.6%
Renter occupied households20.3%29.2%36.4%

Parma Housing Information - Zillow

IndexParmaMichiganNational
Zillow home value index$141,766$138,747$213,146
Year over year appreciation rate12.00%6.77%8.00%
5 year average appreciation rate8.91%9.24%6.57%
10 year average appreciation rate4.29%2.11%1.33%
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Did you know?

  • The median home price in Parma is 58% lower than the national average.
  • The median rent asked in Parma is 14% lower than the national average.
  • The average number of people per household in Parma is 13% higher than the national average.
  • The number of owner occupied households in Parma is 25% higher than the national average.
  • The number of renter occupied households in Parma is 44% 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, MI8,293$56,90069%
Jackson, MI33,165$62,00066%
Cement City, MI443$65,90064%
Springport, MI817$68,30063%
Homer, MI1,846$74,50060%
Parma, MI753$77,10058%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Crabtree, OR753$172,7006%
Cottondale, FL753$81,00056%
Liverpool, PA753$114,00038%
Vandling, PA753$125,00032%
Marine on St. Croix, MN753$354,50092%
Parma, MI753$77,10058%
Source: The Parma, MI housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.