Median home value: $204K (+6.0% YoY). Rent: $1,395/mo. Price-to-rent: 12.2x. Part of Cleveland-Elyria, OH.
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Basic Zillow data only. For stress scores, AI analysis, and trends, Cleveland-Elyria, OH metro page.
Home Value$204,008
+6.0%
Rent$1,395/mo
AFFORDABILITYBuying $51/mo cheaper ($1,395 rent)6.00% 30yr, 20% down, county tax + OH ins. 28% per HUD.
Enter your income for Parma.
$40,802 on $204,008
Affordable — 21.5% of income
Under the 28% guideline.
PITI$1,344
P/I21.5%
Afford$266K
Room+$62K
P&I $979Tax $265Ins $100
Home Buying Kit For Dummies (2025)Financing, negotiation, closing