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

Parma Heights, OH has a median modeled monthly cash flow of $-256 and a median cap rate of 5.0%, on a median sold price of $239,000. Prices changed +6.5% year over year.

What is the average cap rate in Parma Heights, OH?

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

What is the median home price in Parma Heights, OH?

The median sold price in Parma Heights, OH is $239,000 (about $181 per square foot).

Investing in Parma Heights, OH Real Estate

A data-driven snapshot of the Parma Heights, 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.

$239,000Median sold price

$181Median $/sqft

5.0%Median cap rate

$-256Modeled cash flow / mo

+6.5%Appreciation YoY

5.7Months of supply

100Active listings

211Sold (last 12 mo)

What the Parma Heights numbers say

In Parma Heights, OH, the median home sold for $239,000 (about $181 per square foot), and the typical deal models out to a 5.0% cap rate with a median $-256 of monthly cash flow. Sold prices moved +6.5% 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 Heights cash-flowing listings

CashFlowRE ranks every for-sale home in Parma Heights, 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 Heights deals, or browse the national market data.