Parma, OH 44134 - Real Estate Investment Insights & Performance Data

Welcome to our 44134 real estate data hub, tailored for investors in Parma, OH. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 44134 in Parma, OH. Discover Section 8 housing opportunities and challenges to maximize your investment potential in CUYAHOGA COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Parma, OH real estate investing. Uncover the wealth of information available, and position yourself for success in the Parma property market.

• Location Overview

  • Zip Code: 44134
  • City: Parma
  • State: OH
  • Metro Area: Cleveland-Elyria, OH
  • County Name: CUYAHOGA COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $172,487
  • Average Home Price (Single Family Homes): $174,431
  • Average Monthly Rental Price (All Types): $1,151
  • Price-to-Rent Ratio: 12
  • Zillow Projected % appreciation from 4/2023-4/2024: 0.2%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,080
  • Average 3 Bedroom Section 8 Rental Rates: $1,400
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 13.31
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 10.27
  • Number of Units Offered in Section 8 in the County: 14391
  • Number of Occupied Units in Section 8 in the County: 13533
  • Percentage of Section 8 Units Occupied in the County: 94%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 109.78
  • Total % Appreciation since 2000 (Government Data): 48.17
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.62%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.17%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 22.35%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 34.47%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.77%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.62%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.4%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -5.65%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.74%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 24.54%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%