Market Overview
Home Prices in Parma Heights, OH
The median home value in Parma Heights, OH is $224,175 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parma Heights are priced45% below average. Parma Heights is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Parma Heights home values have risen by approximately34.9%, reflecting strong long-term appreciation in this market.
Price History
Parma Heights Home Price Trend
City Comparison
Parma Heights vs. National Median
At $224,175, homes in Parma Heights cost 45% below the national median of $410,000. This makes Parma Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parma Heights?
20% Down Payment
$44,835
on $224,175
Monthly P&I
$1,169/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,485/mo
incl. taxes & insurance
Income Needed
$59,400
gross annual (30% rule)
10% Down Option
$22,418
+ PMI applies
Loan Amount (20% dn)
$179,340
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 Heights, OH?
The median home value in Parma Heights is $224,175 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Parma Heights?
Over the past year, home values in Parma Heights have increased by 5.3%. Over five years, prices have risen approximately 34.9%.
How much do I need to earn to buy a home in Parma Heights?
To comfortably afford the median home price of $224,175 with a 20% down payment ($44,835) at today's rates (6.8%), you'd need a gross annual income of approximately $59,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Parma Heights compare to the national average home price?
The national median home value is approximately $410,000. At $224,175, homes in Parma Heights are 45% below the national average.
What metro area is Parma Heights part of?
Parma Heights is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.