According to statistics, the population in Parma, OH amounts to 79,871, which shows decline 0% compared to the previous year. The median age of the city’s residents is 42. The average household income is $52,611, shifting growth 2% from the past year, and the average property value in Parma, OH growth 1% to $108,800 throughout the year.
|Number Of Employees||40,749|
|Median Property Value||$108,800|
The average household income in Parma, OH grew from $51,383 to $52,611 in the past year. This data is an estimate based upon 33,491 households in Parma, OH . The chart below presents how household income is distributed in Parma, OH in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Parma, OH shifted from $107,500 to $108,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Parma, OH in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Parma, OH properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Parma, OH compared to median property taxes around the country. The prevalent amount of property taxes in Parma, OH equals $2500, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|2 bed for sale||$151,740||+2.1%|
|3 bed for sale||$179,268||-6.1%|
|4+ bed for sale||$212,318||-2.5%|
During Jul 2022, the average price for an apartment in/near Parma, OH decreased by 3.8% to $186,259.
Asking price for 2-bed apartment also increased by 2.1% and a place of this size will now cost you $151,740. A 3-bed apartment goes for $179,268, it decreased by 6.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.5% and made it down to $212,318.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$124,400||+18.6%|
|Condos for sale||$179,450||+7.7%|
|Houses for sale||$186,282||-5.1%|
|Duplexes for sale||$224,616||-8.9%|
|Land for sale||$156,500||+111.5%|
|Other for sale||$149,900||N/A|
Price reports demonstrate that house price decreased by 5.1% this month making it up to $186,282. Condos are really in demand in this season. The median price for a condo increased by 7.7%, it’s now available for $179,450. You can now purchase a duplex for just $224,616, duplex price decreased by 8.9% this month. The property value of townhouses increased by 18.6%, you’ll have to spend around $124,400 to get one.