MI area data
Parma, MI
Parma, MI.
Population: 5,544 (Census ACS)
Home values & appreciation
- Median home value
- $264,360
- 1-year appreciation
- +4.6%
- 3-year appreciation
- +16.1%
- 5-year appreciation
- +21.6%
- 10-year appreciation
- +86.4%
- All-time peak (2026-07)
- $264,360
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $315,000
- Median list price
- $240,950
- Median days on market
- 42 days
- Sale-to-list ratio
- 99.3%
- Active listings
- 17
- 1-year forecast
- +1.2%
- New listings (monthly)
- 5
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,261/mo
- 3BR fair-market rent
- $1,639/mo
Affordability
- Cost of living index (Below Average)
- 92.0 (100 = US avg)
- Electricity rate (state-level)
- 20.0¢/kWh
- Natural gas rate (state-level)
- $10.90/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 3
- Elementary schools
- 1
- Middle schools
- 1
- High schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Relatively Low
- Top hazards
- strongWind, tornado, coldWave, hail, iceStorm
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Annual precipitation
- 39.2 in
Walkability & transit
- Walkability index
- 3.7 / 20
- Transit service frequency
- -99,999
Amenities
- Nearest airport
- Jackson County Airport/Reynolds Field (JXN) (7 mi)
- Nearest major airport
- Jackson County Airport/Reynolds Field (JXN) (7 mi)
- Hospitals nearby (~15 mi)
- 2
- Avg hospital rating
- 3.0 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- +77 tax filers
Housing stock
- Median year housing built
- 1,977
- Median annual property tax
- $2,743
- Mean commute to work
- 21 min
- Households with broadband internet
- 51.6%
Employment & development
- Total county employment
- 48,980
- Average weekly wage
- $1,145
- Top industries (by employment)
- Health Care, Accommodation & Food, Administrative Services
- Annual residential building permits (county)
- 189
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →