Home Values

Parma Heights Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$99,900

  • -0.2% 1-year change
  • 1.8% 1-year forecast

The median home value in Parma Heights is $99,900. Parma Heights home values have declined -0.2% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Parma Heights is None.

Foreclosures will be a factor impacting home values in the next several years. In Parma Heights 6.4 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 4.9 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Parma Heights is 4.7%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Parma Heights homeowners underwater on their mortgage is 19.8%, which is lower than Cleveland Metro at 19.9%.

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Relative ZHVI
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Parma Heights Market Overview

Data through May 31, 2015
  • $99,900 ZHVI
  • 1.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $95,412 Median sale price (Apr 30, 2015)
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Parma Heights Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 19.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

6.4 homes Parma Heights
4.9 homes Cleveland Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Strongsville $177,000
North Royalton $170,100
Seven Hills $146,700
Name Median ZHVI
Middleburg Heights $138,200
Brooklyn Heights $136,400
Berea $113,000
Name Median ZHVI
Brook Park $98,100
Parma $92,700
Brooklyn $88,500

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $80 Median sale price / sq ft
  • No data Listings with price cut
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Parma Heights Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,097 Parma Heights
    $1,160 Cleveland Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $0.82 Rent list price / sq ft
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