Parma Heights, OH housing market
The typical Parma Heights home is worth about $223,000, up 4.3% in a year, 10% below the Ohio typical home. Homes typically sell in 9 days, a little above asking.
Home values, sales, trends and how Parma Heights compares with the towns next door — updated as new data is published.
Parma Heights at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Parma Heights | Ohio |
|---|---|---|
| 2017 | $114,000 | $133,000 |
| 2018 | $123,000 | $141,000 |
| 2019 | $131,000 | $150,000 |
| 2020 | $137,000 | $158,000 |
| 2021 | $152,000 | $178,000 |
| 2022 | $165,000 | $195,000 |
| 2023 | $180,000 | $211,000 |
| 2024 | $193,000 | $224,000 |
| 2025 | $206,000 | $237,000 |
| 2026 | $219,000 | $245,000 |
| August 2026 | $223,000 | $249,000 |
No new homes permitted in 2025
No permits for new homes were issued in Parma Heights in 2025. The last year with any was 2022 (88 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Parma Heights gained 145 residents while 3 new homes were permitted: about 48 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Ohio: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 88 | 5 | 83 | $12.8 million |
| 2021 | 8 | 8 | 0 | $740,000 |
| 2020 | 1 | 1 | 0 | $254,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 2 | 2 | 0 | $1.1 million |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $75,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 5 | 5 | 0 | $457,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 6 | 2 | 4 | $510,000 |
| 2005 | 12 | 12 | 0 | $985,000 |
| 2004 | 13 | 9 | 4 | $1.2 million |
| 2003 | 4 | 4 | 0 | $655,000 |
| 2002 | 7 | 7 | 0 | $1.1 million |
| 2001 | 4 | 4 | 0 | $605,000 |
| 2000 | 9 | 9 | 0 | $1.4 million |
How Parma Heights ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Parma Heights and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Parma Heights | $223K | +4.3% | $1,380 | 0 | $61,009 |
| Parma | $219K | +4.2% | $1,360 | 14 | $69,295 |
3.7 years of income
The typical Parma Heights home costs about 3.7 years of the town's median household income, about the same as across Ohio (3.5).
How Parma Heights ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,380
HUD's Fair Market Rent for a two-bedroom in Parma Heights is $1,380 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Parma Heights pay a median of $1,111, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $1,010 · 4 bedrooms $1,900
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44130; Cleveland, OH HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.