The median home in Parma, Ohio is valued at $204,008, up 6.0% year over year. Typical monthly rent is $1,395, producing a price-to-rent ratio of 12.2x — below the national average of 18x. Parma is part of the Cleveland-Elyria, OH metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Cleveland-Elyria, OH stress score, crash risk, and 12-month forecast →

Home Value$204,008

+6.0%

Rent$1,395/mo

AFFORDABILITY

Enter your income for Parma.

Income (annual)

Down Payment

$40,802 on $204,008

Affordable — 22.4% of income

Under the 28% guideline.

PITI$1,397

P/I22.4%

Afford$256K

Room+$52K

P&I $1,032Tax $265Ins $100

Renting $2/mo cheaper ($1,395 rent)6.50% 30yr, 20% down, county tax + OH ins. 28% per HUD.

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

Other cities in Ohio

Compare Parma with other housing markets across Ohio.

Hunting Valley$1601K The Village of Indian Hill$1575K Bentleyville$820K Waite Hill$748K Kirtland Hills$741K Gates Mills$734K Marble Cliff$731K Terrace Park$726K

Full Cleveland-Elyria, OH analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Cleveland-Elyria, OH metro.

View Cleveland-Elyria, OH metro →

PARMA, OH