Real Estate Investing in Parma Heights, Ohio (44130)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44130 (Parma Heights, 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 Heights, OH (44130)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44130 Parma Heights
ZIP 44130 in Parma Heights, OH carries a durable set of headwinds. Home values near $243K and rents of $1,280/mo sit inside a market where underwriting has to be tight.
Rent of $1,280/mo on a $243K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44130 sits below the stated 0.0% once reality is priced in.
Stepping back, 44130 offers a low basis, the region around Parma Heights has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A resilient renter share of 37% in 44130 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 44130 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Parma Heights:
Property Strategy for 44130
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $164,508 | $1,380 | 6.0% | +9.2% | $82,254 |
| 3BR | $226,316 | $1,780 | 5.7% | +8.2% | $75,439 |
| 4BR | $290,737 | $1,900 | 4.7% | +8.3% | $72,684 |
| 5BR | $319,745 | — | — | +8.2% | $63,949 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44130 Compare?
| Metric | 44130 | Parma Heights | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $243,070 | $243,070 | N/A | $237,530 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.4% |
| Avg Rent | $1,280 | $1,280 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44130 (Parma Heights, 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 | $243,070 |
| Monthly Rent | $1,280 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -14.4% ▼ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +1.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 44130
Population: 49,778
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 44130
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Ridge-Brook Elementary School
Thoreau Park Elementary School
Brook Park Elementary School
Parma Virtual Learning Academy
Constellation Schools: Parma Community
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
How expensive is real estate in Parma Heights, OH?
In Parma Heights, OH the median home value sits at $243K. Against the broader OH market, that reads as reasonable for most investors.
What is the tenant pool like in Parma Heights, OH?
Parma Heights, OH draws a even-keeled base of working renters. Demand at the $1,280/mo rent level is reasonable for standard single-family and small multi rentals.
What approach is best for Parma Heights, OH real estate?
For Parma Heights, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Parma Heights, OH a good market for FHA house hackers?
The house hack math a challenging in Parma Heights, OH. Owner-occupant buyers benefit from the $1,280/mo rents and $243K home values.
Should investors consider Parma Heights, OH?
Parma Heights, OH registers an investability rating of 3.0/5, with median home values near $243K and average rents around $1,280/mo. That combination puts it in the healthy tier for investor interest.
You know 44130 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44130 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 44130 ranks in Cleveland-Elyria, OH
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