The median home in Parma, Michigan is valued at $242,878, up 4.2% year over year. Parma is part of the Jackson, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Jackson, MI stress score, crash risk, and 12-month forecast →

Home Value$242,878

+4.2%

AFFORDABILITY

Enter your income for Parma.

Income (annual)

Down Payment

$48,576 on $242,878

Affordable — 26.8% of income

Under the 28% guideline.

PITI$1,673

P/I26.8%

Afford$254K

Room+$11K

P&I $1,228Tax $312Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Parma with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Jackson, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Jackson, MI metro.

View Jackson, MI metro →

PARMA, MI