2026 Affordability Data
Most Affordable Neighborhoods in Parma Heights - 2026 Data
The median home value in Parma Heights is $150,300, 47% below nat'l avg. Median rent is $888/month. With an affordability index of 135, Parma Heights 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 Heights, OH area.
Key Takeaways: Affordability in Parma Heights
- 1The most affordable neighborhood in Parma Heights is Cincinnati, with a median home value of $170,000.
- 2Parma Heights's median home value is $150,300, 47% below nat'l avg (national: $281,900).
- 3Parma Heights's affordability index is 135 (baseline 100), making it more affordable than the national average.
- 4Median rent in Parma Heights is $888/month, 24% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Parma Heights to find the most affordable areas based on home values, rent, and affordability index.
Parma Heights Affordability Overview
Median Home Value
$150,300
47% below nat'l avg
Median Rent
$888/mo
24% below nat'l avg
Median Income
$57,197
23% below nat'l avg
Affordability Index
135
35% above nat'l avg
Most Affordable Neighborhoods in Parma Heights (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 Heights
What is the most affordable neighborhood in Parma Heights, OH?▾
Based on 2026 data, Cincinnati is the most affordable neighborhood in Parma Heights with a median home value of $170,000. Kurby analyzed 15 neighborhoods in the Parma Heights area to compile these rankings.
What is the median home price in Parma Heights, OH?▾
The median home price in Parma Heights is $150,300, which is 47% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Parma Heights affordable compared to the national average?▾
Parma Heights 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 Heights, OH?▾
The median monthly rent in Parma Heights 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 Heights?▾
The median household income in Parma Heights is $57,197 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 Heights are below the national average home price?▾
14 out of 15 ranked neighborhoods in Parma Heights have a median home value below the national average of $281,900. The most affordable is Cincinnati at $170,000 (Source: Kurby, 2026).