2026 Affordability Data
Most Affordable Neighborhoods in Parma - 2026 Data
The median home value in Parma is $145,300, 48% below nat'l avg. Median rent is $888/month. With an affordability index of 135, Parma is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Parma, OH area.
Key Takeaways: Affordability in Parma
- 1The most affordable neighborhood in Parma is Cincinnati, with a median home value of $170,000.
- 2Parma's median home value is $145,300, 48% below nat'l avg (national: $281,900).
- 3Parma's affordability index is 135 (baseline 100), making it more affordable than the national average.
- 4Median rent in Parma is $888/month, 24% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Parma to find the most affordable areas based on home values, rent, and affordability index.
Parma Affordability Overview
Median Home Value
$145,300
48% below nat'l avg
Median Rent
$888/mo
24% below nat'l avg
Median Income
$65,848
12% below nat'l avg
Affordability Index
135
35% above nat'l avg
Most Affordable Neighborhoods in Parma (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | CincinnatiOH | $170,000 |
| 2 | SalemOH | $113,700 |
| 3 | MonroeOH | $242,000 |
| 4 | LorainOH | $115,200 |
| 5 | HamiltonOH | $141,300 |
| 6 | ClevelandOH | $87,400 |
| 7 | BeachwoodOH | $362,500 |
| 8 | Mount VernonOH | $149,200 |
| 9 | AkronOH | $99,700 |
| 10 | CantonOH | $86,200 |
| 11 | WickliffeOH | $146,600 |
| 12 | CirclevilleOH | $157,900 |
| 13 | East ClevelandOH | $71,800 |
| 14 | New FranklinOH | $185,000 |
| 15 | NewarkOH | $162,300 |
Detailed Neighborhood Profiles
Home Value: $170,000
Rent: $1,554/mo
Affordability: 155
Population: 309,317
Walk Score: 98/100
Home Value: $113,700
Rent: $888/mo
Affordability: 135
Population: 11,861
Walk Score: 0/100
Home Value: $242,000
Rent: $888/mo
Affordability: 135
Population: 15,202
Walk Score: 0/100
4
Home Value: $115,200
Rent: $888/mo
Affordability: 135
Population: 65,138
Walk Score: 0/100
5
Home Value: $141,300
Rent: $888/mo
Affordability: 135
Population: 63,149
Walk Score: 0/100
6
Home Value: $87,400
Rent: $888/mo
Affordability: 135
Population: 370,365
Walk Score: 0/100
7
Home Value: $362,500
Rent: $888/mo
Affordability: 135
Population: 13,846
Walk Score: 0/100
8
Home Value: $149,200
Rent: $888/mo
Affordability: 135
Population: 16,861
Walk Score: 0/100
9
Home Value: $99,700
Rent: $888/mo
Affordability: 135
Population: 190,273
Walk Score: 0/100
10
Home Value: $86,200
Rent: $888/mo
Affordability: 135
Population: 70,589
Walk Score: 0/100
11
Home Value: $146,600
Rent: $888/mo
Affordability: 135
Population: 12,661
Walk Score: 0/100
12
Home Value: $157,900
Rent: $888/mo
Affordability: 135
Population: 14,017
Walk Score: 0/100
13
Home Value: $71,800
Rent: $888/mo
Affordability: 135
Population: 13,926
Walk Score: 0/100
14
Home Value: $185,000
Rent: $888/mo
Affordability: 135
Population: 13,874
Walk Score: 0/100
15
Home Value: $162,300
Rent: $888/mo
Affordability: 135
Population: 50,062
Walk Score: 0/100
Frequently Asked Questions About Affordability in Parma
What is the most affordable neighborhood in Parma, OH?▾
Based on 2026 data, Cincinnati is the most affordable neighborhood in Parma with a median home value of $170,000. Kurby analyzed 15 neighborhoods in the Parma area to compile these rankings.
What is the median home price in Parma, OH?▾
The median home price in Parma is $145,300, which is 48% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Parma affordable compared to the national average?▾
Parma has an affordability index of 135, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Parma, OH?▾
The median monthly rent in Parma is $888. This is 24% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Parma?▾
The median household income in Parma is $65,848 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Parma are below the national average home price?▾
14 out of 15 ranked neighborhoods in Parma have a median home value below the national average of $281,900. The most affordable is Cincinnati at $170,000 (Source: Kurby, 2026).