Rent to own Homes in Parma, OH

The rent to own options in Parma, Ohio, may be ideal for people looking for a residential neighborhood with plenty of commercial areas nearby. Parma, named after Parma, Italy, is a city in Northeast Ohio, just south of Cleveland. Parma was largely an agricultural city until WWI, which was when it experiencde growth due to migration into the suburbs. The city is also the largest suburb of Cleveland and the seventh largest city in the state. In 2010, the US Census found that Parma had a population of more than 81,600 people. Finding homes for sale here is easy to do, and finding just the right rental property is possible, especially once you look at the available options.

Parma, OH is a great place for affordable rent-to-own homes! With a median household income of over $58,011 and a median rent of $882, the Parma, OH rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Parma, OH. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Parma, OH rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
6336 ALMONT DR
Rent To Own
 
Single Family Home
Brookpark, OH 44142
3
2
1164 ft2
1961
9745 SHENANDOAH DR
Rent To Own
 
Single Family Home
Brecksville, OH 44141
4
4
4670 ft2
1984
4127 E 114TH ST
Rent To Own
Union - Miles Park
Single Family Home
Cleveland, OH 44105
4
1
1312 ft2
1915
13704 CARPENTER RD
Rent To Own
 
Single Family Home
Cleveland, OH 44125
3
1
1596 ft2
1962
Hot
9430 COLUMBIA RD
Rent To Own
 
Single Family Home
Olmsted Falls, OH 44138
3
1
1460 ft2
1925
3606 MENLO RD
Rent To Own
 
Single Family Home
Cleveland, OH 44120
4
1
1840 ft2
1923
Hot
3432 DESOTA AVE
Rent To Own
 
Single Family Home
Cleveland, OH 44118
3
3
1563 ft2
1910
1 of 30 20438 ALMAR DR
Rent To Own
 
Single Family Home
Shaker Heights, OH 44122
3
2
1700 ft2
1912
2880 Warrensville Rd
Rent To Own
 
Single Family Home
Beachwood, OH 44122
4
3
2592 ft2
1958
817 COLONY DR
Rent To Own
 
Single Family Home
Cleveland, OH 44143
3
2
2186 ft2
1950
719 EVANS AVE
Rent To Own
North Hill
Single Family Home
Akron, OH 44310
2
1
958 ft2
1927
1214 E ARCHWOOD AVE
Rent To Own
East Akron
Single Family Home
Akron, OH 44306
5
2
1564 ft2
1915
Hot
2138 LARKMOOR ST
Rent To Own
East Lorain
Single Family Home
Lorain, OH 44052
3
2
925 ft2
1962
1 of 7 10221 EUREKA PKWY
Rent To Own
 
Single Family Home
Cleveland, OH 44130
3
2
1884 ft2
1952
1 of 6 7209 WARD RD
Rent To Own
 
Single Family Home
Cleveland, OH 44134
3
2
1369 ft2
1963
Hot
9616 W PLEASANT VALLEY RD
Rent To Own
 
Single Family Home
Cleveland, OH 44130
3
2
1116 ft2
1952
Hot
1 of 26 1809 KEYSTONE RD
Rent To Own
 
Single Family Home
Cleveland, OH 44134
3
2
1331 ft2
1920
1 of 25 8508 SAYBROOK DR
Rent To Own
 
Single Family Home
Cleveland, OH 44144
4
3
1462 ft2
1967
Hot
1 of 29 126 KIMROSE LN
Rent To Own
 
Townhouse/Condo
Broadview Heights, OH 44147
3
2
1404 ft2
1976
7711 DELAWARE DR
Rent To Own
 
Single Family Home
Cleveland, OH 44130
4
2
2261 ft2
1971
13453 MAPLE BROOK TRL
Rent To Own
 
Single Family Home
Strongsville, OH 44136
3
3
3017 ft2
1991
1 of 22 10319 FORESTVIEW DR
Rent To Own
 
Single Family Home
Strongsville, OH 44136
4
4
2756 ft2
1988
Hot
1 of 23 8298 WASHINGTON AVE
Rent To Own
 
Single Family Home
North Royalton, OH 44133
4
4
2080 ft2
1999
Hot
11118 RICHLAND DR
Rent To Own
 
Single Family Home
North Royalton, OH 44133
3
3
1850 ft2
2010
Hot
1 of 31 14027 TIMBER LAKE DR
Rent To Own
 
Single Family Home
Strongsville, OH 44136
4
3
2570 ft2
1995
Hot
1 of 9 4481 W 172ND ST
Rent To Own
Riverside
Single Family Home
Cleveland, OH 44135
3
1
1268 ft2
1928
6304 ELMARGE DR
Rent To Own
 
Single Family Home
Independence, OH 44131
3
1
1152 ft2
1952
Hot
1 of 32 8871 DAN DR
Rent To Own
 
Single Family Home
North Royalton, OH 44133
3
2
1981 ft2
1974
3464 GRANTON AVE
Rent To Own
Kamm's Corners
Multifamily (5+ Units)
Cleveland, OH 44111
4
2
2052 ft2
1928
Hot New
1 of 3 7903 ELTON AVE
Rent To Own
Detroit - Shoreway
Single Family Home
Cleveland, OH 44102
2
1
1000 ft2
1915
Hot
6011 KENYON AVE
Rent To Own
North Broadway
Single Family Home
Cleveland, OH 44105
3
2
1624 ft2
1900
1 of 27 2598 W 11TH ST
Rent To Own
Tremont
Multifamily (5+ Units)
Cleveland, OH 44113
4
3
2375 ft2
1891
2149 W 41ST ST
Rent To Own
Ohio City
Single Family Home
Cleveland, OH 44113
3
3
2323 ft2
2000
1 of 44 11321 DRAKE RD
Rent To Own
 
Single Family Home
North Royalton, OH 44133
3
2
1400 ft2
1940
1858 W 52ND ST
Rent To Own
Detroit - Shoreway
Single Family Home
Cleveland, OH 44102
2
2
1614 ft2
1910
1463 COUTANT AVE
Rent To Own
 
Single Family Home
Lakewood, OH 44107
3
1
1370 ft2
1893
2098 W 7th St
Rent To Own
Tremont
Single Family Home
Cleveland, OH 44113
2
3
2252 ft2
2007
1 of 14 12651 SAILOR CIR
Rent To Own
 
Single Family Home
North Royalton, OH 44133
5
3
3010 ft2
1980
17113 MADISON AVE
Rent To Own
 
Single Family Home
Lakewood, OH 44107
2
2
1080 ft2
1951
1 of 10 7544 Amber Ln
Rent To Own
 
Multifamily (2 - 4 Units)
Brecksville, OH 44212
3
3
1855 ft2
1961
1 of 16 3148 Wilshire rd
Rent To Own
 
Multifamily (2 - 4 Units)
North Royalton, OH 44133
3
2
1780 ft2
1948
New
109 RIVEREDGE PKWY
Rent To Own
 
Multifamily (5+ Units)
Berea, OH 44017
6
2
2394 ft2
1979
11850 Edgewater Dr 108
Rent To Own
 
Townhouse/Condo
Lakewood, OH 44107
1
1
707 ft2
1952
Hot
1 of 14 6802 WESTVIEW DR
Rent To Own
 
Single Family Home
Brecksville, OH 44141
4
2
2220 ft2
1961
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Neighborhoods in Parma, OH

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Buying a Home in Parma, OH

Parma, OH is seeing rapid growth and Parma, OH's' housing market remains optimal with an average home price that is -45% below the 2024 national average. Parma, OH is part of Cuyahoga county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Cuyahoga is 1.93% which is above the national average, which is 0.99%.

Median Home Price in Parma, OH

Median Rent in Parma, OH

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Parma OH

Housing Statistics Parma's rental home options are numerous, but before purchasing a home for sale here, individuals may wish to consider the overall housing market. The median sale price of homes for sale in Parma during the second quarter of 2013 was $83,000. This is down about two percent from the previous year. About 597 homes sold in the previous year, with 315 of those homes selling in the second quarter of 2013. The average listing price of a home here, as of the second week of August 2013, was $109,099. This is about the same as the price was the previous year. Whether you are after a rental property or a home for sale, it helps to know that the annual residential turnover here is 13 percent and the median years in residence is six.

Tourist Attractions As an older suburb, there are a few locations where people like to visit when moving into the area. A good place to start is the Parmatown Mall, which is the largest shopping center in the city. It is also the home of numerous activities, shows and festivals throughout the year. Individuals may wish to visit Stearns Homestead too. This is one of the oldest and still operational farms in the area. Visitors can pet animals while visiting the historic buildings. A visit to Big Creek Reservation, State Road Park or the West Creek Reservation may be in order for anyone planning to explore nature.

Local Events and Festivals A few festivals take place here throughout the year. Several of the churches host annual carnivals, including St. Anthony, St. Matthew and St. Francis. With rides, games, and raffles, these tend to be a big draw for locals. The Rib Burn Off occurs on the grounds of Parmatown Mall and is a large BBQ festival. The area is close enough to Cleveland to be a part of the Cuyahoga County Fair, with animals, rides, and plenty of games.

Parma Neighborhoods Though Parma is cohesive, without any real breaks in neighborhood regions, there are some components of the community that stand out as independent areas. The following are some of the specific neighborhoods in Parma.