Much like its nearby areas, it's a lot less expensive compared to the rest of the nation. Compared to the city of Cleveland however, it's a lot more expensive.
Home prices
The median home in Parma Heights is valued at $116,500. It is roughly $2,580 (2%) higher in comparison to its surrounding areas.It is about $101,000 (46%) lower compared to the US as a whole, and it is approximately $46,900 (67%) higher in comparison to the city of Cleveland.
Rents
The median rent in Parma Heights is $838 a month. This is roughly $19 (2%) higher in comparison to nearby areas.In comparison to the entire country it is roughly $224 (21%) lower, and it is approximately $119 (16%) higher in comparison to the city of Cleveland.
Nearby places
Parma
Parma is Parma Heights's neighbor to the east. Real estate prices there are similar. The median home value in Parma is $115,500, which is very similar to Parma Heights. Rents there are pretty similar. The median monthly rent in Parma is $865, which works out to $27 (3%) higher than Parma Heights.
Middleburg Heights
Middleburg Heights is Parma Heights's neighbor to the southwest. The real estate prices there are somewhat more expensive. The median home in Middleburg Heights is valued at $162,000, which comes out to $45,500 (28%) higher than Parma Heights. Rent there is a little more expensive. Middleburg Heights's median rent is $908 a month, which works out to $70 (7%) higher than Parma Heights.
Brook Park
Brook Park is Parma Heights's neighbor to the northwest. Its housing prices are pretty similar. The median home in Brook Park is valued at $118,400, which works out to $1,900 (1%) higher than Parma Heights. Its rents are pretty similar. The median rent in Brook Park is $863 a month, which works out to $25 (2%) higher than Parma Heights.
Brooklyn
Brooklyn is approximately 3 miles north from Parma Heights. Real estate prices there are a little less expensive. The value of the median home in Brooklyn is $110,600, which is $5,900 (5%) lower than Parma Heights. Rent there is a little less expensive. Brooklyn's median monthly rent is $733, which works out to $105 (14%) lower than Parma Heights.
Linndale
Linndale is approximately 3 miles north of Parma Heights. Housing prices there are a lot less expensive. The median home in Linndale costs $63,100, which is $53,400 (84%) lower than Parma Heights. Rents there are a bit less expensive. In Linndale the median monthly rent is $725, which is $113 (15%) lower than Parma Heights.
