Parma, Ohio is a part of the Parma/Independence Submarket submarket area.
The 2019 average effective rent for Class A, B, and C apartments in the Parma, OH submarket area was $880, which is 15.64% lower than 2014 average rent. This represents a compounded annual growth rate of 2.95%. 2019 vacancy in Parma, OH was 2.50%.
The total population of the city of Parma, OH has decreased 3.49% since 2010. As of 2018, the population was 78,751. The median household income of the Parma was $55,536, which is 7.89% lower than the national average.