Parma, OH Real Estate

According to census data in the year 2000 there were 36,414 housing units in Parma. This represents a 2.3% growth from 35,589 in 1990.

Of those housing units, 36,414 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Parma is about 77.5%. Parma's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 2.4 people.

The majority of houses, apartments or condos in Parma were built after 1957.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom8.20%
Two Bedrooms19.10%
Three Bedrooms58%
Four Bedrooms12.70%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1956
Median Value of occupied units$113,500
Median Price asked for vacant units$111,200

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1965
Median Monthly Rent asked for vacant units$573

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage6.10%
Home Equity Loan12.10%
Simple Mortgage41.20%
Debt Free40.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%