Middleburg Heights, Parma Heights, OH—44130
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middleburg Heights, Parma Heights, OH
As of Oct '25, the median home price in Middleburg Heights, Parma Heights, OH is $228,000, with a year-over-year change of 5.0%. This indicates that home prices in Middleburg Heights, Parma Heights, OH are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | 5.0% |
| Single Family | $235,000 | 5.4% |
| Condos | $140,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $165,000 | 7.1% |
3 Bed | $226,000 | 5.1% |
4 Bed | $291,000 | 5.8% |
| 5 Bed | $320,000 | 5.6% |
% of Housing Stock
Rental Trends — Middleburg Heights, Parma Heights, OH
As of July '25, Rentcast reports the average rent in Middleburg Heights, Parma Heights, OH is $1,520, with a year-over-year rent change of 19.7%. Per bedroom, the median rent as of July '25 in Middleburg Heights, Parma Heights, OH is studios: $1,920, 1-bedrooms: $1,160, 2-bedrooms: $1,200, 3-bedrooms: $1,860, 4-bedrooms: $2,250. The most common rental property sizes in Middleburg Heights, Parma Heights, OH are 2-bedroom and 1-bedroom, accounting for 46.9% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,520 |
| Studio Rent | $1,920 | $1,920 |
| 1 Bed Rent | $947 | $1,160 |
| 2 Bed Rent | $1,150 | $1,200 |
| 3 Bed Rent | $1,820 | $1,860 |
| 4 Bed Rent | $2,250 | $2,250 |
% of Rental Stock
Property Listings — Middleburg Heights, Parma Heights, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Middleburg Heights, Parma Heights, OH is 30. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | 3.0% |
Listing Count | 94 | 27.0% |
| Listings as % of Homes | 0.3% | 27.0% |
Days on Market | 30 | 22.0% |
Demographics — Middleburg Heights, Parma Heights, OH
As of the latest ACS Survey released in 2023, Middleburg Heights, Parma Heights, OH has a population of 49,800, which has remained stable by -0.0% over the past 5 years. Middleburg Heights, Parma Heights, OH is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,800 | 0.0% |
% Under 18 | 17.9% | -2.7% |
% Seniors | 22.2% | 4.7% |
% WFH | 11.0% | 279.3% |
% w/ College Degree | 28.1% | 0.4% |
As of the latest ACS Survey released in 2023, Middleburg Heights, Parma Heights, OH is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Middleburg Heights, Parma Heights, OH is black, making up 8.6% of the population. Foreign-born residents account for 10.1% of the population in Middleburg Heights, Parma Heights, OH, and this percentage has decreased by 13.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.7% | -4.9% |
% Black | 8.6% | 68.6% |
% Hispanic | 6.4% | 12.3% |
% Asian | 4.2% | -10.6% |
% Foreign Born | 10.1% | -13.7% |
Mortgage and Risk — Middleburg Heights, Parma Heights, OH
According to HUD data as of 2023, there were 873 mortgage originations in Middleburg Heights, Parma Heights, OH, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Middleburg Heights, Parma Heights, OH. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 873 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Middleburg Heights, Parma Heights, OH
As of 2024, the percent of homes in Middleburg Heights, Parma Heights, OH under the Section 8 program is 3.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Middleburg Heights, Parma Heights, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 257 |
Total Units Section 8 | 257 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $103 | $947 | $1,050 |
| 2 Bedroom | $120 | $1,150 | $1,270 |
| 3 Bedroom | -$190 | $1,820 | $1,630 |
| 4 Bedroom | -$500 | $2,250 | $1,750 |
Affordability — Middleburg Heights, Parma Heights, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $228,000 |
| Median Household Income | $68,100 |