Parma Heights Ohio Area Home Supply Charts

This page looks at a variety of Parma Heights Ohio housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Parma Heights shows it has a Housing Units of 9,924 which is the second most housing units of all the places in the greater Parma Heights region.

Figure 2 illustrates the housing density in the Parma Heights housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Parma Heights depicts it has a Housing Density of 2371.0 which is ranked #1 of all places in the surrounding region. Comparing housing density to the United States average of 39.5, Parma Heights is very much bigger. Also, compared to the state of Ohio, housing density of 127.9, Parma Heights is considerably bigger.

In Figure 4, Parma Heights area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Parma Heights depicts it has a Housing Unit Change of -3.6% which is the second smallest when ranked by change in the housing units of all the other places in the local area. The city with the highest change in the housing units in the area is Linndale which depicts a housing units of 34.7% ( markedly bigger). Comparing change in the housing units to the United States average of 7.4%, Parma Heights is about the same size. Also, compared to the state of Ohio, change in the housing units of 2.1%, Parma Heights is 75.6% larger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Parma Heights depicts it has a Renter Percent of 42.6% which is the third most renter percent of all other places in the greater Parma Heights region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 57.4% which is less than most other places in the surrounding region.

Parma Heights Ohio Home Cost Charts

Looking at the housing data provided in Figure 7, the average Parma Heights home price is illustrated for this community and a useful analysis of affordable housing. Parma Heights shows it has a Median Home Value of $129,300 which is the third most of all other places in the local area. The city with the highest median home price in the area is Seven Hills which depicts a home price of $190,400 (47.3% larger). Figure 8 provides aggregate comparative data for the Parma Heights Ohio metro area in terms of the median housing rental rate, apartment rent, etc. Parma Heights shows it has a Median Gross Rent of $921 which is the third most of all other places in the local area. The city with the highest rental rates in the area is Seven Hills which depicts a rental rates of $1,335 (45.0% larger). Comparing rental rates to the United States average of $1,163, Parma Heights is approximately three-fourths the size. Also, measured against the state of Ohio, rental rates of $870, Parma Heights is only about 5.9% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Parma Heights has the percentage of home price worth less than $50,000 less than most other places in the metro area at 16% of the total. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 74% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Parma Heights shows it has a Median Owner Cost of $1,001 which is the second most median ownership cost of all the places in the greater Parma Heights region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Parma Heights metro area. it has a Owner Cost as % of HH Income of 19% which is ranked #1 of all places in the local area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Parma Heights depicts it has a Median Home Value as Percent of Median Earnings of 264% which is less than most other places in the metropolitan area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Parma Heights depicts it has a Median Owner Costs-With Mortgage of $1,224 which is the third most median housing cost of all other places in the greater Parma Heights region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $547 which is the third most of all other places in the greater region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Parma Heights has the smallest proportion of owner cost between $500 and $700 at 15% of the total. Second, it has the largest proportion of owner cost between $700 and $1,000 at 37% of the total and is ranked #1. Third, it has the largest proportion of owner cost between $3,500 and $4,000 at 1% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Parma Heights shows it has a % of Income Owner Costs-With Mortgage of 21% which is more than all other places in the greater Parma Heights region. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Parma Heights depicts it has a % of Income Owner Costs-No Mortgage of 12% which is in the middle range of other places in the local area. The city with the highest cost as a percent of household income in the area is Linndale which depicts a cost as a percent of household income of 16% (31.1% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Parma Heights has the smallest proportion of rent as a percent of income is less than 10 pct at 19% of the total. Second, it has the largest proportion of rent as a percent of income is between 10pct to 20pct at 28% of the total and is ranked #1. Third, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 18% of the total and is ranked #1. Also, it has less than most other places in the greater region in order of rent as a percent of income is between 30pct to 40pct at 5% of the total. In addition, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 24% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Parma Heights has the largest proportion of housing cost between $700 and $1,000 at 35% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $3,236 which is the third most median real estate taxes paid of all other places in the greater Parma Heights region. The city with the highest median real estate taxes paid in the area is Seven Hills which depicts a taxes paid of $4,623 (42.9% larger). Comparing median real estate taxes paid to the United States average of $2,690, Parma Heights is 20.3% larger. Also, measured against the state of Ohio, median real estate taxes paid of $2,447, Parma Heights is 32.2% larger.

Figure 23 shows the rental rate distribution for this area. Parma Heights Ohio has the percentage of rent between 300 and 500 dollars less than most other places in the greater region at 18% of the total. Second, it has the largest proportion of rent between 500 and 750 dollars at 44% of the total and is ranked #1.

Parma Heights Ohio Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Parma Heights has the largest proportion of No 2nd Mortgage or HELOC at 11% of the total and is ranked #1. Second, it has the largest proportion of Primary Mortgage and HELOC at 2% of the total and is ranked #1. Third, it has the smallest proportion of With HELOC no Primary Mortgage at 38% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Parma Heights has the smallest proportion of houses with mortgages at 38% of the total.

Parma Heights Ohio Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.0 which is in the mid range of other places in the local area. The city with the highest family members per housing unit in the area is Linndale which shows a family members per housing unit of 5.8 (about twice as large). Comparing family members per housing unit to the United States average of 3.3, Parma Heights is about 8.5% smaller. Also, measured against the state of Ohio, family members per housing unit of 3.1, Parma Heights is only about 2.7% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.4 which is the second smallest when sorted by average number of rooms in a house of all the other places in the metro area. The city with the highest average number of rooms in a house in the area is Seven Hills which depicts an average number of rooms in a house of 6.9 (27.8% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1959 which is less than most other places in the local area. The city with the highest year built in the area is Middleburg Heights which shows a year built of 1970 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2019 at 3% of the total and is ranked #3. Only #2 Seven Hills (4%), and #1 Middleburg Heights (6%) are larger. Second, it has the second smallest as measured by homes built in 2020 or later of all the other places in the local area when ranked by homes built between 1970 to 1979 at 18% of the total. Third, it has the largest proportion of homes built between 1960 to 1969 at 43% of the total and is ranked #1. Also, it has one of the largest proportions of homes built between 1940 to 1949 at 6% of the total and is ranked #3. Only #2 Parma (10%), and #1 Linndale (64%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 3,947 of the total and is ranked #2. The only larger city being Parma with 9,810.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of one unit attached less than most other places in the metropolitan area at 0% of the total. Second, it has the largest proportion of 3 or 4 units at 7% of the total and is ranked #1. Third, it has the largest proportion of 20 to 49 units at 19% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2010 to 2013 at $231,100 of the total and is ranked #3. Only #2 Seven Hills ($248,300), and #1 Brook Park ($267,600) are larger. Second, it has the second smallest in terms of value of homes built 2014 or later of all the other places in the local area as measured by value of homes built 1980 to 1989 at $121,600 of the total. Third, it has in the mid range of other places in the metro area when sorted by value of homes built 1970 to 1979 at $136,800 of the total. Also, it has one of the largest proportions of value of homes built 1960 to 1969 at $127,100 of the total and is ranked #3. Only #2 Middleburg Heights ($165,300), and #1 Seven Hills ($173,700) are larger. In addition, it has one of the largest proportions of value of homes built 1950 to 1959 at $121,100 of the total and is ranked #3. Only #2 Middleburg Heights ($144,600), and #1 Seven Hills ($167,800) are larger. Furthermore, it has one of the largest proportions of value of homes built 1940 to 1949 at $140,600 of the total and is ranked #3. Only #2 Middleburg Heights ($142,800), and #1 Seven Hills ($201,800) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 7% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Parma Heights residents. it has a Owner-Household Size of 2.4 which is in the mid range of other places in the local area. The city with the highest homeowner household size in the area is Linndale which depicts a homeowner household size of 3.3 (38.1% larger).

Figure 37 shows the household size for renters. Parma Heights depicts it has a Renter-Household Size of 2.0 which is the second smallest in terms of renter household size of all the other places in the local area. The city with the highest renter household size in the area is Linndale which shows a renter household sizes of 4.3 (about twice as large). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 18% of the total and is ranked #2. The only larger city being Seven Hills with 18%. Second, it has one of the largest proportions of owners moved in 2010 to 2014 at 30% of the total and is ranked #2. The only larger city being Brooklyn with 31%. Third, it has the second smallest in terms of owners moved in 2019 or later of all the other places in the local area as measured by owners moved in 1990 to 1999 at 20% of the total. Figure 39 shows the year that people who rent moved into the area. Parma Heights has the percentage of renters moved in 2019 or later in the mid range of other places in the local area at 44% of the total. Second, it has less than most other places in the surrounding region in order of renters moved in 2015 to 2018 at 17% of the total. Third, it has less than most other places in the metro area as measured by renters moved in 2010 to 2014 at 8% of the total. Also, it has the smallest proportion of renters moved in 1990 to 1999 at 1% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2004 which is more than all other places in the greater Parma Heights region. Figure 41 compares the median year that renters moved into their home. Parma Heights depicts it has a Renter Median Year Moved In of 2017 which is the highest of all places in the greater Parma Heights region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of home using bottled, tank, or lp gas at 17% of the total and is ranked #2. The only larger city being Brooklyn with 20%. Second, it has in the mid range of other places in the metro area when sorted by homes using solar energy at 0% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Parma Heights housing department, Ohio department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Parma Heights depicts it has a Total In Group Quarters of 213 which is the third most number of people in group quarters of all other places in the greater Parma Heights region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Parma Heights residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Parma Heights has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.