Parma, ID Foreclosures
How much do homes sell for in Parma, ID?
The average home price is currently $495,260.
What’s the average rental cost in Parma, ID?
The average rental price in Parma is $1,181.
What is the most expensive home in Parma?
The most expensive home sold in Parma had a price of $22,058,800.
What is currently the cheapest priced home in Parma, ID?
The cheapest home for sale in Parma is priced at $20,367.
Living in Parma, ID
Parma, Idaho is a quaint small town known for its friendly community and family-oriented atmosphere. It boasts access to outdoor adventures like fishing and hiking while providing essential amenities. The city maintains a low crime rate and encourages a peaceful lifestyle for all its residents.
Current Market Conditions in Parma, ID
The real estate market in Parma is currently witnessing a steady increase in demand, driven primarily by families seeking more affordable housing options outside of urban centers. With a mix of single-family homes and smaller multi-family units, the market presents diverse opportunities for buyers. As the population continues to grow, prices are expected to rise, making now an advantageous time for investment.
Rural charm and affordability contribute to Parma’s attractive market. Investors are taking note as housing inventory remains relatively low; however, with consistent interest from outside buyers seeking small-town living, supply may soon begin to tighten. Currently, homes in desirable neighborhoods are receiving multiple offers, indicating a robust seller's market.
Home Value Estimator For Parma, ID
There are currently 2,165 real estate properties
in Parma, ID,
with a median automated valuation model (AVM) price
of $384,274.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Parma, ID, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Parma, ID,
is $495,260.00, with the most expensive house
in Parma, ID, topping out
at $22,058,800.00 and the cheapest home
in Parma, ID,
clocking in at $20,367.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Parma, ID!
Rent Prices
In Parma, ID
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Parma, ID, is on
a rollercoaster ride. The
average rent price in Parma, ID,
is $1,181.00. Indeed, when looking to rent in
Parma, ID, you can expect to pay as little
as $570.00 or as much
as $2,520.00,
with the average rent median estimated to
be $1,120.00. The good news is that finding
an affordable and desirable property to rent in Parma, ID
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
