Housing in Parma, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$194,000
Median List Price
N/A
Price Per Sq Ft
$112
Days on Market
127
Active Inventory
2
Months of Supply
1.0
Seller's market
Zillow Home Value
$242,878
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
93.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$112
Parma vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Parma is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$121,300
Median Rent
$1,050
Total Housing Units
277
Vacancy Rate
12.6%
Owner Occupied
77.7%
Renter Occupied
22.3%
Median Property Tax
$1,720
per year
Monthly Cost (w/ Mortgage)
$936
Housing Types
The current median sale price in Parma, MI is $194,000 according to Redfin data. Homes spend a median of 127 days on the market. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $112. The median rent is $1,050 per month (Census ACS). About 77.7% of housing units are owner-occupied. The median year homes were built is 1951. There are 277 total housing units.