Home prices
The median home in Parma costs $115,500. This is about $30,360 (20%) lower compared to its surrounding areas.It is approximately $102,000 (46%) lower in comparison to the US as a whole, and compared to the city of Cleveland it is about $45,900 (65%) higher.
Rents
Parma's median rent is $865 a month. It is roughly $80 (8%) lower compared to the surrounding areas.It is roughly $197 (18%) lower compared to the entire nation, and it is about $146 (20%) higher in comparison to the city of Cleveland.
Nearby places
Parma Heights
Parma Heights is Parma's neighbor to the west. The housing prices there are pretty similar. The median home in Parma Heights costs $116,500, which is very similar to Parma. Its rents are fairly similar. The median rent in Parma Heights is $838 per month, which works out to $27 (3%) lower than Parma.
Seven Hills
Seven Hills is Parma's neighbor to the east. The housing prices there are substantially more expensive. The median home value in Seven Hills is $174,400, which is $58,900 (33%) higher than Parma. Its rents are a little more expensive. In Seven Hills the median monthly rent is $1,207, which comes out to $342 (28%) higher than Parma.
Brooklyn
Brooklyn is Parma's neighbor to the north. The housing prices there are fairly similar. The value of the median home in Brooklyn is $110,600, which works out to $4,900 (4%) lower than Parma. Rent there is a bit less expensive. The median rent in Brooklyn is $733 per month, which is $132 (18%) lower than Parma.
Brooklyn Heights
Brooklyn Heights is Parma's neighbor to the northeast. Its housing prices are a bit more expensive. The median home in Brooklyn Heights is valued at $165,800, which comes out to $50,300 (30%) higher than Parma. Rent there is somewhat more expensive. Brooklyn Heights's median rent is $1,038 a month, which comes out to $173 (16%) higher than Parma.
Middleburg Heights
Middleburg Heights is Parma's neighbor to the west. Real estate prices there are a little more expensive. Middleburg Heights's median home value is $162,000, which works out to $46,500 (28%) higher than Parma. Rents there are similar. Middleburg Heights's median monthly rent is $908, which is $43 (4%) higher than Parma.
