Is Parma, OH a good place to invest in rental property?

Parma, OH has a median modeled monthly cash flow of $-250 and a median cap rate of 5.0%, on a median sold price of $227,500. Prices changed +2.4% year over year.

What is the average cap rate in Parma, OH?

The median cap rate across recently sold homes in Parma, OH is 5.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Parma, OH?

The median sold price in Parma, OH is $227,500 (about $173 per square foot).

Investing in Parma, OH Real Estate

A data-driven snapshot of the Parma, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$227,500Median sold price

$173Median $/sqft

5.0%Median cap rate

$-250Modeled cash flow / mo

+2.4%Appreciation YoY

5.7Months of supply

459Active listings

971Sold (last 12 mo)

What the Parma numbers say

In Parma, OH, the median home sold for $227,500 (about $173 per square foot), and the typical deal models out to a 5.0% cap rate with a median $-250 of monthly cash flow. Sold prices moved +2.4% over the past year. Inventory sits at about 5.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Parma cash-flowing listings

CashFlowRE ranks every for-sale home in Parma, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Parma deals, or browse the national market data.