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Parma, MI
Full City Profile · Michigan · Jackson County County
2.9
/5.0
C+
Fair
653
Population
622/sq mi density
$71,413
Median Income
$34,466 per capita
$121,300
Home Value
$246,821 Zillow
$1,050
Median Rent
18.7% income on rent
49°F
Avg Temperature
260 sunny days/yr
895
Violent Crime/100K
4,275 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$71,413 median income, 9.5% unemployment
A+
Affordability
5.0 / 5.0
$121,300 home value, $1,050/mo rent
F
Safety
1.0 / 5.0
895 violent crimes/100K (136% above avg)
C+
Education
2.6 / 5.0
20.5% bachelor's degree or higher
Housing Overview
Median Home Value
$121,300
57% below
US avg: $281,900
Median Rent
$1,050/mo
10% below
US avg: $1,163/mo
Homeownership Rate
77.7%
19% above US avg (65.4%)
Total Housing Units
258
Median year built: 1951
Home Value by Source
Census Median
$121,300
Zillow (ZHVI)
$246,821
Median Sale Price
$224,900
Median List Price
$239,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.7%
Owner-Occupied
22.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,050/mo
Market Indicators (Redfin)
Median Days on Market
91 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$204
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
18.7%
of renters spending 30%+ of income on housing
40% below US avg (31.0%)
Median Year Built
1951
Average age of housing stock: 75 years
Homeownership Rate
77.7%
Complete Housing Data
Home Values
| Census Median Value | $121,300 |
| Zillow Home Value (ZHVI) | $246,821 |
| Median Sale Price | $224,900 |
| Median List Price | $239,900 |
| Price Per Sq Ft | $204 |
Rent
| Census Median Rent | $1,050 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 91 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.0% |
| Homes Sold | 1 |
| Active Inventory | 4 |
| Price Per Sq Ft | $204 |
Ownership & Stock
| Owner-Occupied | 77.7% |
| Renter-Occupied | 22.3% |
| Homeownership Rate | 77.7% |
| Total Housing Units | 258 |
| Median Year Built | 1951 |
| Rent Burden | 18.7% |