Parma, OH Real Estate
According to census data in the year 2000 there were 36,414 housing units in Parma.
This represents a 2.3% growth from 35,589 in 1990.
Of those housing units, 36,414 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Parma is about 77.5%.
Parma's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Parma were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 8.20% |
| Two Bedrooms | 19.10% |
| Three Bedrooms | 58% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $113,500 |
| Median Price asked for vacant units | $111,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $573 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 12.10% |
| Simple Mortgage | 41.20% |
| Debt Free | 40.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
