Parma, MI Real Estate
According to census data in the year 2000 there were 318 housing units in Parma.
This represents a 5.6% growth from 301 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 318 were located in what is classified as a rural area.
Homeownership rate in Parma is about 75.9%.
Parma's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.8 people.
The majority of houses, apartments or condos in Parma were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 4.40% |
| Two Bedrooms | 21.70% |
| Three Bedrooms | 46.90% |
| Four Bedrooms | 19.80% |
| Five Bedrooms or more | 6.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $85,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.80% |
| Home Equity Loan | 6.40% |
| Simple Mortgage | 55% |
| Debt Free | 35.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
