In Parma, a typical home is worth $170,100 and typical rent is $1,087 a month. Compared with all of Cuyahoga County, the typical home value is 13% lower, typical household income is 7% higher, and the share of households that own their home is 13 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $158,053 to $215,078.
Typical rent
$1,263a month
▲ 8.6% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $946 to $1,263.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Parma is in Cuyahoga County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cuyahoga County. See the county
What this place has that others do not, from public data, most unusual first.
1
72% of households in Parma own their home, against 59% in Cuyahoga County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Parma
What homes there are in Parma, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Parma
Cuyahoga County
Ohio
United States
Kind of home: Parma and its comparisons
Measure
Parma
Cuyahoga County
Ohio
United States
Detached house
77%
59%
69%
61%
Attached house
3%
6%
5%
6%
Building of 2 to 4
4%
10%
8%
8%
Apartments (5 or more)
16%
24%
15%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 77% of homes here, against 59% in Cuyahoga County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Parma
Cuyahoga County
Ohio
United States
Year built: Parma and its comparisons
Measure
Parma
Cuyahoga County
Ohio
United States
Before 1960
58%
56%
38%
26%
1960–1979
30%
25%
26%
24%
1980–1999
8%
12%
20%
25%
2000–2009
2%
4%
10%
14%
2010 or later
2%
4%
7%
11%
By age, homes in Parma look like those in Cuyahoga County: the typical year built is 1958.
There is more room for a big family here: 72% of homes have 3 bedrooms or more, against 57% in Cuyahoga County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K8%
$100K–$200K61%
$200K–$300K25%
$300K–$500K5%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Parma and its comparisons
Measure
Parma
Under $100K
8%
$100K–$200K
61%
$200K–$300K
25%
$300K–$500K
5%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 99% of owner-occupied homes in Parma sit below it: they are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99937%
$1,000–$1,49945%
$1,500–$1,99912%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Parma and its comparisons
Measure
Parma
Under $500
Unreliable estimate
$500–$999
37%
$1,000–$1,499
45%
$1,500–$1,999
12%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,337 a month
Cuyahoga County: $1,570 a month
Without a mortgage
$602 a month
Cuyahoga County: $671 a month
Owners with a mortgage
59%
Cuyahoga County: 59%
In Parma, 59% of owners have a mortgage, and their typical cost is $1,337 a month, against $1,570 in Cuyahoga County. Without one it drops to $602.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Parma+47%
Cuyahoga County+47%
Ohio+47%
United States+53%
Typical rent
Parma+26%
Cuyahoga County+31%
Ohio+28%
United States+33%
Typical household income
Parma+21%
Cuyahoga County+28%
Ohio+26%
United States+29%
Change since 2015–2019: Parma and its comparisons
Measure
Parma
Cuyahoga County
Ohio
United States
Typical home value
+47%
+47%
+47%
+53%
Typical rent
+26%
+31%
+28%
+33%
Typical household income
+21%
+28%
+26%
+29%
From 2015–2019 to 2020–2024, home values in Parma rose at about the same pace as in Cuyahoga County: 47% against 47%.
The typical rent in Parma rose 26% over the same time; in Cuyahoga County, it rose 31%.
Here income did not keep up with housing: it rose 21%, while home values changed +47% and rent +26%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Parma and its comparisons
Measure
Parma
Cuyahoga County
Ohio
United States
Rental vacancy
Unreliable estimate
5.3%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
1.0%
0.8%
0.9%
More than one person per room
1.5%
1.2%
1.5%
3.4%
People per household
2.30
2.20
2.37
2.53
Drive alone
77%
70%
75%
69%
Carpool
7%
7%
8%
9%
Public transit
1%
3%
1%
3%
Walk or bike
2%
3%
2%
3%
Work from home
12%
16%
13%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
In Parma, 1.5% of households live with more than one person per room, about the same as in Cuyahoga County.
By size, households in Parma look like those in Cuyahoga County: 2.30 people on average.
In Parma, 77% of workers drive alone to work; in Cuyahoga County, 70%.
Do the math
What would you pay each month for a home in Parma?
A typical home is within reach of the typical income
We start with a typical home in Parma, worth $170,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Parma, which is $69,295 a year.
The calculator's FHA and conventional loan limits are those of all of Cuyahoga County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Parma. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,954 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,555
at 7.18% · 30 years
Loan amount
$167,019
Total interest
$240,301
Paid off in
November 2056
Includes $2,873 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,617 a month
Your payment · 27%
Tight
$1,617 to $2,079 a month
Hard
more than $2,079 a month
Compared with the typical household income in Parma ($69,295 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,131
Property tax
$278
Home insurance
$71
FHA mortgage insurance (MIP)
$75
You need at least $5,954 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,555; principal and interest $1,131.
The city and its county
Parma and Cuyahoga County
Parma is in Cuyahoga County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Parma
Map of Cuyahoga County, Ohio, with Parma marked. Around it, the neighboring counties.
Parma
Cuyahoga County
Other cities with a page
Parma's own numbers
Typical home value
$170,100
Typical monthly rent
$1,087
Typical yearly household income
$69,295
Households that own their home
72%
Effective property tax rate
1.96%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Cuyahoga County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,274
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
0.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cuyahoga County.
A typical home in Parma is worth $170,100: 13% below the county and 21% below Ohio. With the typical household income in Parma ($69,295 a year), a typical home costs 2.5 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Parma2.5 years
Cuyahoga3.0 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Cuyahoga County
According to FHFA’s house price index, home prices in Cuyahoga County rose 93% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Cuyahoga County.
Yearly change in FHFA’s price index in Cuyahoga County, 2016 to 2025
2016: +3.7% +3.7% 2016
2017: +4.9% +4.9% 2017
2018: +5.9% +5.9% 2018
2019: +4.5% +4.5% 2019
2020: +4.7% +4.7% 2020
2021: +11.6% +11.6% 2021
2022: +13.0% +13.0% 2022
2023: +8.3% +8.3% 2023
2024: +6.3% +6.3% 2024
2025: +5.7% +5.7% 2025
Change in FHFA’s price index in Cuyahoga County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+5.7%
+4.8%
+2.9%
5 years (2020–2025)
+54%
+53%
+47%
10 years (2015–2025)
+93%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Parma next to Cuyahoga County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Parma$170,100
Cuyahoga$195,400
Ohio$214,800
United States$332,700
Typical monthly rent
Parma$1,087
Cuyahoga$1,060
Ohio$1,034
United States$1,413
Typical yearly household income
Parma$69,295
Cuyahoga$64,468
Ohio$71,389
United States$80,734
See the full table
Parma next to Cuyahoga County and Ohio
Measure
Parma
Cuyahoga County
Ohio
U.S.
Typical home value
$170,100 ▼13% below the county
$195,400
$214,800
$332,700
Typical monthly rent
$1,087 ▲3% above the county
$1,060
$1,034
$1,413
Typical yearly household income
$69,295 ▲7% above the county
$64,468
$71,389
$80,734
Households that own their home
72% ▲13 points above the county
59%
67%
65%
Typical yearly property tax
$3,341 ▼15% below the county
$3,910
$2,822
$3,119
Effective property tax rate
1.96% ▼0.04 points below the county
2%
1.31%
0.94%
Renters with high rent for their income
43% ▼5 points below the county
48%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cuyahoga County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Parma
For a typical $170,100 home in Parma, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Parma's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,555a month
Least cash to close
Down payment
$5,954
Cash to close
$11,057
Rate
7.18%
Mortgage insurance
FHA MIP · $75
Conventional, 5% down$1,524a month
Down payment
$8,505
Cash to close
$13,608
Rate
7.18%
Mortgage insurance
PMI · $81
Conventional, 20% down, no PMI$1,271a month
Down payment
$34,020
Cash to close
$39,123
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,428a month
Down payment
$25,515
Cash to close
$30,618
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Parma
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,555
$5,954
$167,019
7.18%
FHA MIP · $75
$11,057
580
Conventional, 5% down
$1,524
$8,505
$161,595
7.18%
PMI · $81
$13,608
620*
Conventional, 20% down, no PMI
$1,271
$34,020
$136,080
7.18%
None
$39,123
620*
ITIN, 15% down (example)
$1,428
$25,515
$144,585
8.18%
None
$30,618
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Parma is $1,087 a month: 3% above the county. In Parma, 43% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Cuyahoga County, by unit size. To pay the 2-bedroom one ($1,274 a month) without spending more than 30% of your income, you would need to earn $24.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Cuyahoga County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$924
$17.77
$36,960
1 bedroom
$1,050
$20.19
$42,000
2 bedrooms
$1,274
$24.50
$50,960
3 bedrooms
$1,628
$31.31
$65,120
4 bedrooms
$1,756
$33.77
$70,240
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Parma
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Parma has 3 ZIP codes with their own.
For 2 bedrooms it runs from $1,240 in 44129 to $1,380 in 44130.
2 of the 3 are above the fair market rent for Cuyahoga County ($1,274).
2-bedroom fair market rent in each of the 3 ZIP codes of Parma, beside the one for Cuyahoga County. For 2 bedrooms it runs from $1,240 in 44129 to $1,380 in 44130. 2 of the 3 are above the fair market rent for Cuyahoga County ($1,274).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,274
Lowest: $1,240 (44129)Highest: $1,380 (44130)
Fair market rent by ZIP code and size in Parma, fiscal year 2027.
44129
$900
$1,020
$1,240
$1,580
$1,710
44130
$1,000
$1,140
$1,380
$1,760
$1,900
44134
$990
$1,130
$1,370
$1,750
$1,890
ZIP code2 bd3 bd
44129 $1,240$1,580
44130 $1,380$1,760
44134 $1,370$1,750
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Parma when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 12 HUD-approved agencies with an office in Cuyahoga County; 5 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Parma or Cuyahoga County. The ones below are statewide in Ohio: they work in Parma the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Parma or Cuyahoga County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Parma and all of Cuyahoga County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Parma?
The typical home value in Parma is $170,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cuyahoga County it is $195,400.
How much does it cost to rent in Parma?
Typical rent in Parma is $1,087 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cuyahoga County is $1,274.
What is the FHA loan limit in Parma?
Parma uses the FHA limit for all of Cuyahoga County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Parma?
The typical homeowner in Parma pays $3,341 a year, according to the U.S. Census Bureau. That is 1.96% of the home’s value; in Cuyahoga County, the rate is 2%.
Where can I find free help to buy or rent in Parma?
There are 12 HUD-approved counseling agencies with an office in Cuyahoga County. 5 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
