Parma is a medium-sized city located in the state of Ohio. The city has a population of 80,088 people. Parma has a population density of 3,999 people per square mile. This would be considered well above the national population density level. If we take a look at the last Census, the vast majority of the population falls within one racial group (92% White). Given that fact, Parma could be considered less diverse than other cities. 71% of the people in Parma (over the age of 15) are married and 66% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
Are you trying to ascertain if living in Parma is the right fit for your lifestyle? To ensure a positive experience before moving to any new city in Ohio, you will probably want to make sure that you check all of the most important boxes. Using the livability score which includes data from categories like amenities, crime, weather, employment, you can easily compare the best places to live in Parma and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Parma to Ohio and the national average.
Using data and statistics Parma has received a livability score of 85/100. This score is ranked in the 98th percentile when compared to all other cities. Compared to the US average, Parma ranks among some of the best places to live in the country! The cherry on top is that Parma also ranks in the top 10 percent of all cities. If we take a closer look at each of the categories individually, we see that Parma ranks well for amenities (A+), crime (A), cost of living (B-), education (A+) and housing (B+). Parma does not score well for the following: weather (D). It might be a good idea to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Parma, there is no shortage of amazing local amenities and interesting things to do.
Low violent crime (murder, rape, robbery, assault) is a must for most people when searching for a new area to live. At 178 crimes per 100,000 residents, Parma has a violent crime rate that is far below the national average.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Parma have a test score average of 71%, which is well above the US average.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Parma has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Parma is actually affordable. The median home price for Parma homes is $107,500, which is 18.5% lower than the Ohio average. If we take a closer look at the affordability of homes in Parma, we’ll see that the home price to income ratio is 2.1, which is 19.2% lower than the Ohio average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Parma will offer some insight into determining if your home purchase will be a solid investment for years to come. In Parma, the year-over-year appreciation rates were 6.3%, and the 5 year appreciation rates came in at 6.2%.
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