Parma, MI Real Estate

According to census data in the year 2000 there were 318 housing units in Parma. This represents a 5.6% growth from 301 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 318 were located in what is classified as a rural area.

Homeownership rate in Parma is about 75.9%. Parma's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 2.8 people.

The majority of houses, apartments or condos in Parma were built after 1945.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom4.40%
Two Bedrooms21.70%
Three Bedrooms46.90%
Four Bedrooms19.80%
Five Bedrooms or more6.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.95
Median year structure was built1947
Median Value of occupied units$85,500

Rented Homes, Apartments and Condos

Average Household Size2.31
Median year structure was built1942
Median Monthly Rent asked for vacant units$475

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.80%
Home Equity Loan6.40%
Simple Mortgage55%
Debt Free35.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%