| Parma, MI | |
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| State | Michigan |
| Population | 600 |
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Compared to its nearby areas, Parma is a little less expensive, and it is a lot less expensive compared to the nation as a whole. However it's a little more expensive compared to the city of Toledo.
The median home in Parma costs $88,500. It is roughly $10,200 (10%) lower in comparison to its nearby areas.Compared to the entire nation it is approximately $129,000 (59%) lower, and in comparison to the city of Toledo is about $7,700 (9%) higher.
In Parma the median rent is $675 per month. It is roughly $22 (3%) lower compared to nearby areas.It is about $387 (36%) lower in comparison to the rest of the nation, and in comparison to the city of Toledo is about $50 (6%) lower.
Spring Arbor is approximately 3 miles south from Parma. The real estate prices there are a lot more expensive. The cost of the median home in Spring Arbor is $180,700, which comes out to $92,200 (51%) higher than Parma. The rent there is significantly less expensive. Spring Arbor's median monthly rent is $488, which works out to $187 (38%) lower than Parma.
Concord is roughly 6 miles southwest from Parma. Its real estate prices are somewhat more expensive. The median home in Concord is valued at $113,200, which comes out to $24,700 (21%) higher than Parma. The rent there is somewhat more expensive. In Concord the median rent is $723 a month, which works out to $48 (6%) higher than Parma.
Jackson is approximately 7 miles east from Parma. The real estate prices there are a little less expensive. The median home in Jackson costs $68,400, which is $20,100 (29%) lower than Parma. Rents there are a bit more expensive. In Jackson the median monthly rent is $739, which is $64 (8%) higher than Parma.
Albion is about 7 miles west from Parma. Its housing prices are substantially less expensive. The median home price in Albion is $56,800, which comes out to $31,700 (55%) lower than Parma. Rent there is pretty similar. In Albion the median rent is $680 a month, which is very similar to Parma.
Springport is approximately 9 miles northwest of Parma. Housing prices there are somewhat less expensive. The value of the median home in Springport is $74,400, which comes out to $14,100 (18%) lower than Parma. Rent there is somewhat more expensive. Springport's median monthly rent is $854, which works out to $179 (20%) higher than Parma.