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 Units by Size|
|Five Bedrooms or more||6.90%|
Owned Homes, Apartments and Condos
|Average Household Size||2.95|
|Median year structure was built||1947|
|Median Value of occupied units||$85,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.31|
|Median year structure was built||1942|
|Median Monthly Rent asked for vacant units||$475|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||6.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.7%|