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City Report · OH

Parma Heights

Pop. 20,581·101st most expensive in Ohio·Parma Heights rents have dropped 5.8%, currently a renter's market
Median rent (all units)
$1,177/mo
Year-over-Year
-5.8%
Month-over-Month
-7.8%
vs US Median
-$785
Falling (Monthly)
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Most AffordableMost Expensive
Parma Heights · $1,177
More affordable than 93% of US cities · National median $1,962/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,177/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$47,000/yr
Local median income
$61,009/yr
Based on the 30%-of-income rule using Parma Heights's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$930
1 BR
$1,050
2 BR
$1,270
3 BR
$1,630
4 BR+
$1,750
Fair Market Rent (HUD)
$1,270/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,177 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$14,124/yr
At $1,177/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.8% YoY, -7.8% MoM), not inventory.
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Demographics

Who lives here

Parma Heights, OH is majority owner-occupied, has a median income below the national average, 27.5% of residents hold a bachelor's degree or higher.

Population
20,581
Median income
$61,009
Median age
40.8
Renters
42.2%
Age distribution
19.7%
22.7%
27.2%
20%
Under 1819.7%
18–3422.7%
35–5427.2%
55–6410.4%
65+20%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
73%
16.5%
White73%
Black16.5%
Hispanic4.3%
Asian3.3%
Other2.9%
Education (25+)
34.5%
29.2%
27.5%
No HS diploma8.7%
HS diploma34.5%
Some college29.2%
Bachelor's+27.5%
Housing tenure
57.8%
42.2%
Owner57.8%
Renter42.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Parma Heights, OH has changed in 5 years

Income
$53,642 → $61,009
up 13.7%
Population
20,764 → 20,581
down 0.9%
Renter share
42.6% → 42.2%
-0.4 pts
Bachelor's+
26.5% → 27.5%
+1.0 pts

Census figures show median household income at $61,009 today, compared with $53,642 five years earlier.

Community

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View Parma Heights rent history (2015–2026) →
Salary vs rent

Can you afford rent in Parma Heights on your salary?

At $1,177/mo, how Parma Heights rent compares to typical pay (30% rule).

By apartment size

Parma Heights rent by bedroom count

Median rent for each apartment size in Parma Heights. Click any size for full breakdown.

Local insights

Tips for renters in Parma Heights

About renting in Parma Heights, OH

Last updated: August 17, 2026

The median rent in Parma Heights is $1,177/mo as of August 2026. A studio apartment averages $930/mo while a 2-bedroom runs $1,270/mo. One-bedroom apartments average $1,050/mo and 3-bedroom units go for $1,630/mo.

At 23% of local median household income ($61,009/yr), Parma Heights ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.8% over the past year.

FAQ

Frequently asked questions

Is Parma Heights an affordable city for renters?

Parma Heights is considered very affordable for renters. At $1,177/mo, rent takes approximately 23% of the local median household income ($61,009/yr). The standard benchmark is 30%. Parma Heights falls comfortably within that range.

How much income do you need to rent in Parma Heights?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (~$23/hour full-time) to afford the median rent of $1,177/mo in Parma Heights. The local median household income is $61,009/yr, meaning the typical Parma Heights household meets that threshold.

Is rent going up or down in Parma Heights?

Rent in Parma Heights has decreased 5.8% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Parma Heights rent compare to other cities in Ohio?

Parma Heights is one of the more affordable cities in Ohio for rent, ranking #101 out of 124 tracked cities at $1,177/mo.

What percentage of Parma Heights residents rent vs. own?

According to Census data, approximately 42.2% of Parma Heights households are renters, while 57.8% are owner-occupied. Parma Heights leans toward homeownership, which can mean a smaller rental inventory.

How does Parma Heights rent compare to the national average?

Parma Heights's median rent of $1,177/mo is $785 (40%) below the US national median of $1,962/mo. Within Ohio, it ranks #101 out of 124 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,177/mo, rent takes ~23% of Parma Heights's median household income ($61,009/yr). The standard benchmark is 30%.

Parma Heights 23%Benchmark 30%
State income tax2.75–3.5%
Run the Parma Heights affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Parma Heights, OH

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