Market Overview
Home Prices in Parma, ID
The median home value in Parma, ID is $521,196 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parma are priced27% above average. Parma is part of the Boise City, ID metro area.
Over the past five years, Parma home values have risen by approximately13.6%, reflecting steady appreciation in this market.
Price History
Parma Home Price Trend
2020
$305,167
$305K
—
2021
$458,893
$459K
+50.4%
2022
$548,636
$549K
+19.6%
2023
$481,749
$482K
-12.2%
2024
$497,315
$497K
+3.2%
2025
$506,650
$507K
+1.9%
2026
$521,196
$521K
+2.9%
City Comparison
Parma vs. National Median
🏠 Parma
$521,196
National Median
$410,000
At $521,196, homes in Parma cost 27% above the national median of $410,000. Buyers in Parma should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Parma?
20% Down Payment
$104,239
on $521,196
Monthly P&I
$2,718/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,452/mo
incl. taxes & insurance
Income Needed
$138,080
gross annual (30% rule)
10% Down Option
$52,120
+ PMI applies
Loan Amount (20% dn)
$416,957
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Parma, ID?
The median home value in Parma is $521,196 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Parma?
Over the past year, home values in Parma have increased by 2.9%. Over five years, prices have risen approximately 13.6%.
How much do I need to earn to buy a home in Parma?
To comfortably afford the median home price of $521,196 with a 20% down payment ($104,239) at today's rates (6.8%), you'd need a gross annual income of approximately $138,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Parma compare to the national average home price?
The national median home value is approximately $410,000. At $521,196, homes in Parma are 27% above the national average.
What metro area is Parma part of?
Parma is part of the Boise City, ID metropolitan area. Home prices and market conditions can vary across the broader metro region.