Real Estate Investing in Parma, Ohio (44129)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44129 (Parma, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Parma, OH (44129)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44129 Parma
ZIP 44129 in Parma, OH carries a resilient set of headwinds. Home values near $214K and rents of $1,288/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 44129 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader OH picture, 44129 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 44129 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. impressive returns are possible in 44129, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Parma:
Property Strategy for 44129
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $170,325 | $1,250 | 5.3% | +9.3% | $85,163 |
| 3BR | $201,911 | $1,610 | 5.7% | +8.9% | $67,304 |
| 4BR | $223,116 | $1,720 | 5.6% | +8.5% | $55,779 |
| 5BR | $228,806 | — | — | +8.6% | $45,761 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44129 Compare?
| Metric | 44129 | Parma | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $213,792 | $213,919 | N/A | $237,530 |
| 5-Year CAGR | 7.0% | 6.9% | N/A | 7.4% |
| Avg Rent | $1,288 | $1,473 | N/A | - |
| Cap Rate | 4.7% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44129 (Parma, OH). Anonymous, moderated, never written by AI.
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Property managers serving Cuyahoga County
Manage rentals here? List your business →Cleveland Property Management Group is a residential property manager in Northeast Ohio, assisting with property purchase, portfolio analysis, and full-service management. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Aspire Real Estate helps sell homes quickly. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $213,792 |
| Monthly Rent | $1,288 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | +23.8% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44129
Population: 28,607
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44129
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
First Step Preschool
Big Creek Elementary School
Dentzler Elementary School
John Muir Elementary School
Shiloh Middle School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What monthly rent should investors expect in Parma, OH?
Expect rents around $1,288/mo per month in Parma, OH. With home values at $214K, the yield math works out to reasonable levels for rental investors.
Does house hacking work in Parma, OH?
The house hack math a challenging in Parma, OH. Owner-occupant buyers benefit from the $1,288/mo rents and $214K home values.
Is Parma, OH a good market for buy-and-hold investors?
The 3.0/5 investability rating in Parma, OH reflects its $214K prices and $1,288/mo rents. Investors generally consider it a solid option within OH.
Should investors worry about vacancy in Parma, OH?
Rental vacancy in Parma, OH is elevated. Investors should budget normal turnover but not chronic empty units.
How do experienced investors play Parma, OH?
Most investors in Parma, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 44129 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44129 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 44129 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
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