View in Interactive Map

Parma, ID—83660

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$512,000
2.7% YoY Growth
Household Income
$60,600
25.7% YoY Growth
Days on Market
34
21.0% Shorter YoY
Home Price Forecast
-2.1%
Median Rent
$845
23.9% YoY Growth
1-Bed Rent
$845
0.0% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Parma, ID

As of May '26, the median home price in Parma, ID is $512,000, with a year-over-year change of 2.7%. This indicates that home prices in Parma, ID are increasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$512,0002.7%
Single Family $512,0002.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$420,0002.9%
    3 Bed
    		$452,0002.5%
    4 Bed
    		$601,0003.6%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    4.3%
    2 Bedrooms
    22.8%
    3 Bedrooms
    48.9%
    4 Bedrooms
    16.8%
    5+ Bedrooms
    6.6%

    Rental Trends — Parma, ID

    As of July '25, Rentcast reports the average rent in Parma, ID is $845, with a year-over-year rent change of -23.9%. Per bedroom, the median rent as of July '25 in Parma, ID is 1-bedrooms: $845. The most common rental property sizes in Parma, ID are 3-bedroom and 2-bedroom, accounting for 39.5% and 30.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$845$845
    Studio Rent N/AN/A
    1 Bed Rent $845$845
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    8.0%
    2 Bedrooms
    30.9%
    3 Bedrooms
    39.5%
    4 Bedrooms
    10.3%
    5+ Bedrooms
    11.2%

    Property Listings — Parma, ID

    As of May '26, Realtor.com reports that the median days on market for a home in Parma, ID is 34. This is a decrease of -21.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$438,0009.0%
    Listing Count
    		30-2.0%
    Listings as % of Homes1.5%-2.0%
    Days on Market
    		34-21.0%
    Loading chart...

    Demographics — Parma, ID

    As of the latest ACS Survey released in 2023, Parma, ID has a population of 6,400, which has increased by 2.2% over the past 5 years. Parma, ID is a popular place for families, as children make up 29.1% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,4002.2%
    % Under 18
    		29.1%5.8%
    % Seniors
    		17.5%10.1%
    % WFH
    		9.9%37.5%
    % w/ College Degree
    		18.2%23.8%
    Loading chart...

    As of the latest ACS Survey released in 2023, Parma, ID is a predominantly white area, with 64.5% of the population identifying as white. The white population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in Parma, ID is hispanic, making up 31.2% of the population. Foreign-born residents account for 8.5% of the population in Parma, ID, and this percentage has decreased by 29.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		64.5%-11.4%
    % Black
    		0.0%-100.0%
    % Hispanic
    		31.2%21.4%
    % Asian
    		0.5%150.0%
    % Foreign Born
    		8.5%-29.2%
    Loading chart...

    Mortgage and Risk — Parma, ID

    According to HUD data as of 2023, there were 117 mortgage originations in Parma, ID, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Parma, ID. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		117
    % Conventional Loans
    		71.0%
    % Government Loans
    		29.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Parma, ID

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

    Section 8 Market Size

    Total Units under HUD
    		1
    Total Units Section 8
    		0
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$375$845$1,220
    2 BedroomN/AN/A$1,470
    3 BedroomN/AN/A$2,060
    4 BedroomN/AN/A$2,460

    Affordability — Parma, ID

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio8.1
    Median Home Price$512,000
    Median Household Income$60,600

    Parma, ID — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Wilder, ID

    83676

    Notus

    83656

    Greenleaf, ID

    83626

    Fruitland, ID

    83619

    New Plymouth, ID

    83655

    Frequently Asked Questions