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Rent To Own Homes in Parma, OH

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Parma, OH Foreclosures

How much do homes sell for in Parma, OH?
The average home price is currently $245,955.
In Parma, OH, how many homes are available?
There are currently 75 active home listings available in Parma.
What’s the average rental cost in Parma, OH?
The average rental price in Parma is $1,100.
What is the most expensive home in Parma?
The most expensive home sold in Parma had a price of $145,992,224.
What is currently the cheapest priced home in Parma, OH?
The cheapest home for sale in Parma is priced at $14,492.

Living in Parma, OH

Parma, Ohio, is a vibrant suburb of Cleveland known for its friendly neighborhoods and variety of recreational options. With a diverse community and a range of amenities, residents enjoy a comfortable lifestyle with easy access to urban conveniences. The area features good schools, parks, and shopping, making it popular among families and young professionals alike.

Current Market Conditions in Parma, OH

The real estate market in Parma is currently showing a consistent increase in home values, driven by the area's desirable amenities and proximity to Cleveland. Recent trends indicate a growing interest in single-family homes, particularly among first-time buyers and families looking for ample space. Home sales have remained strong despite fluctuations in the global market, with new listings frequently attracting multiple offers.

There has been a noticeable improvement in market conditions over the past year, with increased inventory and slightly longer days on the market, allowing buyers more choices and negotiating power. This shift provides opportunities for those looking to invest in Parma real estate, with prices still relatively affordable compared to other regions in Northeast Ohio.

Home Value Estimator For Parma, OH

There are currently 23,978 real estate properties in Parma, OH, with a median automated valuation model (AVM) price of $211,418.00. 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, OH, 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, OH, is $245,955.00, with the most expensive house in Parma, OH, topping out at $145,992,224.00 and the cheapest home in Parma, OH, clocking in at $14,492.00. In other words, there’s something for every potential homebuyer or savvy investor in Parma, OH!

Rent Prices In Parma, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Parma, OH, is on a rollercoaster ride. The average rent price in Parma, OH, is $1,100.00. Indeed, when looking to rent in Parma, OH, you can expect to pay as little as $520.00 or as much as $2,190.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Parma, OH -- 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.

Parma, OH Rent To Own Homes

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