Parma, ID—83660
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parma, ID
As of Oct '25, the median home price in Parma, ID is $490,000, with a year-over-year change of 0.7%. This indicates that home prices in Parma, ID are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $490,000 | 0.7% |
| Single Family | $490,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $404,000 | 0.7% |
3 Bed | $436,000 | 1.2% |
4 Bed | $570,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $845 | $845 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $845 | $845 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Parma, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Parma, ID is 55. This is a decrease of -14.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | -25.0% |
Listing Count | 37 | -4.0% |
| Listings as % of Homes | 1.5% | -4.0% |
Days on Market | 55 | -14.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,400 | 2.2% |
% Under 18 | 29.1% | 5.8% |
% Seniors | 17.5% | 10.1% |
% WFH | 9.9% | 37.5% |
% w/ College Degree | 18.2% | 23.8% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $375 | $845 | $1,220 |
| 2 Bedroom | N/A | N/A | $1,470 |
| 3 Bedroom | N/A | N/A | $2,060 |
| 4 Bedroom | N/A | N/A | $2,460 |
Affordability — Parma, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $490,000 |
| Median Household Income | $60,600 |