Parma, MI 49269 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Parma, MI—49269

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$249,000

5.1% YoY Growth

Household Income

$83,900

42.9% YoY Growth

Days on Market

20.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$2,500

79.9% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,500

26.3% YoY Growth

Home Price Trends — Parma, MI

As of Dec '25, the median home price in Parma, MI is $249,000, with a year-over-year change of 5.1%. This indicates that home prices in Parma, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$249,000	5.1%
Single Family	$249,000	5.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Parma, MI

As of July '25, Rentcast reports the average rent in Parma, MI is $2,500, with a year-over-year rent change of 79.9%. Per bedroom, the median rent as of July '25 in Parma, MI is 3-bedrooms: $2,500. The most common rental property sizes in Parma, MI are 2-bedroom and 4-bedroom, accounting for 65.1% and 16.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,500
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$2,500	$2,500
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

3.1%

2 Bedrooms

65.1%

3 Bedrooms

14.6%

4 Bedrooms

16.7%

5+ Bedrooms

0.5%

Property Listings — Parma, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Parma, MI is 35. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	15.0%
Listing Count	15	-12.0%
Listings as % of Homes	0.6%	-12.0%
Days on Market	42	-20.0%

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Demographics — Parma, MI

As of the latest ACS Survey released in 2023, Parma, MI has a population of 5,870, which has decreased by -4.9% over the past 5 years. Parma, MI is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,870	-4.9%
% Under 18	24.8%	0.4%
% Seniors	15.0%	-2.6%
% WFH	6.2%	55.0%
% w/ College Degree	19.6%	2.1%

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As of the latest ACS Survey released in 2023, Parma, MI is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Parma, MI is hispanic, making up 4.7% of the population. Foreign-born residents account for 0.6% of the population in Parma, MI, and this percentage has decreased by 40.0% 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	90.5%	-6.1%
% Black	3.0%	400.0%
% Hispanic	4.7%	840.0%
% Asian	0.3%	0.0%
% Foreign Born	0.6%	-40.0%

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Mortgage and Risk — Parma, MI

According to HUD data as of 2023, there were 112 mortgage originations in Parma, MI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Parma, MI. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	112
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	0.0%
% Second Loans	2.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Parma, MI

Parma, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% Rentals under Section 8	2.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$870
2 Bedroom	N/A	N/A	$1,070
3 Bedroom	-$1,080	$2,500	$1,420
4 Bedroom	N/A	N/A	$1,580

Parma, MI—49269

Key Metrics at a Glance

Home Price Trends — Parma, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Parma, MI

% of Rental Stock

Property Listings — Parma, MI

Demographics — Parma, MI

Race and Ethnicity

Mortgage and Risk — Parma, MI

Mortgages

Rentals and Section 8 — Parma, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Parma, MI

Home Price to Income Ratio

Parma, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Spring Arbor, MI

Concord, MI

Springport, MI

Onondaga, MI

Rives Junction, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$249,000
Median Household Income	$83,900

Parma, MI—49269

Key Metrics at a Glance

Home Price Trends — Parma, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Parma, MI

% of Rental Stock

Property Listings — Parma, MI

Demographics — Parma, MI

Race and Ethnicity

Mortgage and Risk — Parma, MI

Mortgages

Rentals and Section 8 — Parma, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Parma, MI

Home Price to Income Ratio

Parma, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Spring Arbor, MI

Concord, MI

Springport, MI

Onondaga, MI

Rives Junction, MI

Frequently Asked Questions

What is the average home price in Parma, MI 49269?

How have home prices in Parma, MI 49269 changed over the past year?

What is the home price projection for Parma, MI 49269?

What are the demographics of Parma, MI 49269?

How long does it take homes to sell in Parma, MI 49269?

What is the average rent price in Parma, MI 49269?