Average rent in Parma

Average rent in Parma,OH

In terms of the average rent in Parma, OH, there are a few important things to note. Firstly, according to recent data, the average rent for a one-bedroom apartment in Parma in 2023 is projected to be around $900 per month. This represents a steady increase from previous years, where the average rent was around $850 per month in 2021 and $875 per month in 2022.

Additionally, it’s worth noting that while the rent in Parma is on the rise, it’s still relatively affordable compared to other cities in the region. Overall, it’s clear that the average rent in Parma, OH is an important factor to consider for those looking to move to the area or rent a property.

Average rent in Parma,OH for 1-bedroom

In 2023, the average rent in Parma, OH for a 1-bedroom apartment has significantly increased compared to previous years. Specifically, the rent has gone up from $750 in 2018 to $925 in 2023, indicating a considerable surge of $175. This change can be observed by analyzing the average rental rates in Parma, OH over the past five years. Moreover, other transition words that can be used to further elaborate on the statement include ‘moreover,’ ‘furthermore,’ ‘in addition,’ ‘additionally,’ ‘similarly,’ ‘equally essential,’ and many more.

Average rent in Parma,OH for 2-bedroom

In 2023, the average rent for a two-bedroom apartment in Parma, OH is expected to rise to $1,300 per month. This represents a significant increase from previous years, where the average rent for a similar-sized apartment was around $1,100 per month in 2021 and $1,200 per month in 2022. Furthermore, this upward trend in rental prices is projected to continue in the coming years, reflecting the growing demand for housing in the area. Despite the rising costs, many renters in Parma continue to enjoy the city’s convenient location and excellent amenities, making it a popular place to call home.

Average rent in Parma,OH for 3-bedroom

The average rent for a 3-bedroom property in Parma, OH has seen a steady increase over the years. In 2015, the average rent was around $900, while in 2020, it rose to $1,100. It is predicted that by 2023, the average rent for a 3-bedroom property in Parma, OH will be around $1,350. This increase in rent can be attributed to the growing demand for housing in the area. However, it is important to note that this increase is gradual and within reasonable limits, making it an affordable option for those looking to settle in this part of Ohio.

Average rent in Parma,OH for studio

Over the past few years, the average rent in Parma, OH for a studio apartment has seen some interesting shifts. In 2020, the average rent was around $660 per month. However, by 2021, the average rent had jumped up significantly to around $720 per month. Looking ahead to 2023, it is expected that the average rent for a studio in Parma will continue to rise, with estimates coming in around $800 per month. Nevertheless, despite these increases, Parma remains an attractive option for apartment living in the Cleveland area, offering many amenities and a convenient location.

Average rent in Parma,OH for townhouse

The average rent for a townhouse in Parma, OH is expected to increase in the coming years. According to recent research, the average rent in 2023 is projected to be around $1,400, which is a significant jump from the previous years. In 2021, the average rent for a townhouse in Parma, OH was $1,250, and in 2022 it is expected to be $1,300. Despite this increase, there are still many affordable options for those looking to rent a townhouse in the area. Additionally, with the rise in rent, there will likely be more modern amenities offered to tenants. Furthermore, if trends continue as they have been, there may be an even greater demand for townhouse rentals in the area.

Most expensive neighborhoods in Parma,OH

Located in Cuyahoga County, Parma, OH offers a variety of neighborhoods for potential residents. Some of the most popular and luxurious areas in Parma include neighborhoods such as Seven Hills and Parma Heights. These neighborhoods are known for their beautiful green landscapes, large homes, and exclusive amenities. Properties in these neighborhoods are considered to be among the most expensive in Parma, with median home prices exceeding $300,000. Homebuyers searching for a luxurious lifestyle in a beautiful setting will find Seven Hills and Parma Heights to be the ideal options.

Most affordable neighborhoods in Parma,OH

Parma, OH has several affordable neighborhoods to live in. Some of the most affordable neighborhoods include Pleasant Valley, Parma Heights, and Ridgefield. These areas offer a variety of housing options, ranging from single-family homes to apartments, all at reasonable prices. Additionally, they are conveniently located near major highways, shopping centers, and schools. Overall, if you are looking for affordable housing in Parma, these neighborhoods are great options to consider.

Most popular neighborhoods in Parma,OH

Parma, OH is a vibrant city located in Cuyahoga County, Ohio. It is known for having a variety of popular neighborhoods that offer great living conditions and opportunities for socializing and engaging in recreational activities. The most popular neighborhoods in Parma are Greenbriar, Ridgewood Lakes, and Seven Hills. Greenbriar is a prestigious neighborhood that is known for having well-manicured lawns, large homes, and tree-lined streets. Ridgewood Lakes is another popular location that boasts spacious apartments and townhouses. Seven Hills, on the other hand, is a thriving community that is popular for its great schools, parks, and recreational facilities. Overall, these neighborhoods are known for their friendly communities, safe streets, and convenient access to all the amenities that Parma has to offer.

Comparison with other cities

1. Parma, OH – $810
2. Akron, OH – $751
3. Cleveland, OH – $884
4. Toledo, OH – $760
5. Dayton, OH – $803
6. Cincinnati, OH – $1,004
7. Columbus, OH – $1,002
8. Indianapolis, IN – $978
9. Pittsburgh, PA – $1,328
10. Detroit, MI – $1,195
11. Chicago, IL – $1,947
12. New York, NY – $4,388
13. Boston, MA – $2,796
14. Los Angeles, CA – $2,603
15. Miami, FL – $1,887

FAQ

Q: What is the average rent in Parma, OH in 2023?
A: According to the latest data, the average rent in Parma, OH in 2023 is $990 per month.

Q: How has the average rent in Parma, OH changed in recent years?
A: The average rent in Parma, OH has been steadily increasing in recent years. In 2020, the average rent was $900 per month, while in 2021 it was $950 per month.

Q: What types of housing are available for rent in Parma, OH?
A: There are various types of housing available for rent in Parma, OH, including apartments, duplexes, townhomes, and single-family homes.

Q: Are there any affordable apartments available in Parma, OH?
A: Yes, there are plenty of affordable apartments available for rent in Parma, OH. Depending on the location and size, apartments in Parma, OH can be rented for as low as $500 per month.

Q: Are rental prices in Parma, OH comparable to nearby cities like Cleveland?
A: Yes, rental prices in Parma, OH are generally comparable to nearby cities like Cleveland. In 2023, the average rent in Cleveland is $1,050 per month, while in Parma it is $990 per month.

Q: Are there any rental restrictions or regulations in Parma, OH?
A: There are no specific rental restrictions or regulations in Parma, OH, but landlords and tenants are required to abide by state and federal housing laws, including those related to discrimination, tenant rights, and habitability standards.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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