Housing · Parma
Parma, MI housing market
The typical Parma home is worth about $258,000, up 4.2% in a year, close to the Michigan typical home.
Home values, sales, trends and how Parma compares with the towns next door — updated as new data is published.
The market right now
Parma at a glance
Typical home value
$258K
▲ 4.2% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
ParmaMichigan
Show as a table
| January | Parma | Michigan |
|---|---|---|
| 2017 | $143,000 | $144,000 |
| 2018 | $150,000 | $155,000 |
| 2019 | $163,000 | $165,000 |
| 2020 | $174,000 | $175,000 |
| 2021 | $196,000 | $194,000 |
| 2022 | $212,000 | $217,000 |
| 2023 | $219,000 | $230,000 |
| 2024 | $230,000 | $241,000 |
| 2025 | $244,000 | $253,000 |
| 2026 | $254,000 | $262,000 |
| August 2026 | $258,000 | $266,000 |
Next door
Parma and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Parma | $258K | +4.2% | — | $73,590 |
| Springport | $223K | +5.2% | — | $57,688 |
| Concord | $249K | +4.1% | — | $64,148 |
Affordability
3.5 years of income
The typical Parma home costs about 3.5 years of the town's median household income, about the same as across Michigan (3.7).
How Parma ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
78.6%
Michigan: 73.2%
Median tax bill
$2,277
Michigan: $2,904
Median rent
$869
Michigan: $1,129
Typical home built
1972
Michigan: 1972
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.