Rent to own Homes in Parma Heights, OH
Parma Heights sits well within Cleveland's range -- just nine miles to the southwest. While this Cuyahoga County city has much in common with Cleveland, it still maintains its own unique traits. Parma Heights was just a village from the early 20th century until 1956 -- the year it was incorporated as a city. With a population of roughly 20,500, Parma Heights has small town charm within its 4.2 square miles and big city amenities at its doorstep. That's why folks choose to unpack and stay in Parma Heights.
Parma Heights, OH is a great place for affordable rent-to-own homes! With a median household income of over $51,328 and a median rent of $850, the Parma Heights, 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 Heights, 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.
More Parma Heights, OH Property Resources
Rent to own Homes in Cities Near Parma Heights, OH
- Bay Village
- Bedford Heights
- Berea
- Boston Heights
- Broadview Heights
- Brooklyn
- Columbia Station
- Cuyahoga Falls
- Elyria
- Euclid
- Fairlawn
- Glenwillow
- Grafton
- Highland Heights
- Hudson
- Independence
- Lakewood
- Linndale
- Litchfield
- Lorain
- Lyndhurst
- Macedonia
- Maple Heights
- Medina
- Middleburg Heights
- Montrose-Ghent
- Moreland Hills
- North Olmsted
- North Ridgeville
- Norton
- Olmsted Falls
- Orange
- Parma
- Parma Heights
- Peninsula
- Pigeon Creek
- Richfield
- Richmond Heights
- Rocky River
- Shaker Heights
- Sharon Center
- Sheffield
- Sheffield Lake
- Solon
- South Euclid
- Twinsburg Heights
- University Heights
- Valley City
- Westlake
- Woodmere
Neighborhoods in Parma Heights, OH
No neighborhoods foundPopular Zip Codes in Parma Heights, OH
No zip codes foundBuying a Home in Parma Heights, OH
Parma Heights, OH is seeing rapid growth and Parma Heights, OH's' housing market remains optimal with an average home price that is -45% below the 2024 national average. Parma Heights, 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 Heights, OH
Median Rent in Parma Heights, OH
Top 4 Reasons to Live in Parma Heights, OH
Go out on the town! Residents of Parma Heights don't have to make the trek to Cleveland to have a memorable night. From dining to the arts, the town is full of exciting activities. If going out for dinner, consider enjoying a buffet and beer at Udupi Cafe, having a sandwich at Luna's Deli and Restaurant or ordering pub food at Shadows Bar and Grill. For a drink or two, check out establishments like Pounders, Rookies Sports Bar and Grill and Brew House Bar and Grill. To see a musical, play or performance, head to Cassidy Theatre, one of the most popular places in town. If shopping is your definition of a good time, stroll around The Shoppes at Parma, where a variety of retailers are certain to have what you need.
Find ample homes for sale and rent! A good balance of renters and homeowners reside in Parma Heights, which means those moving here aren't pressured by the market to either rent or buy. Even rent to own homes are available. Owner-occupied residences take up 58.2 percent of the city residences, while 41.8 percent are renter-occupied. You'll find properties for sale near Nathan Hale Park and pads for rent around Yorktown Lanes.
Get outside and say hello to nature! You can certainly head to nearby Lake Erie anytime you please and have a ball boating, swimming and fishing. You can also stay in town and hike through the scenic trails at the 175-acre Big Creek Reservation, picnic at Yorktown Green Park or play a round of golf at Ridgewood Country Club. Within Parma Heights and around the greater area, lots of green space is waiting to be explored.
Get a reasonably priced home! The price per square foot of property in Parma Heights is currently at $77, which is lower than the Cleveland metropolitan average. Residents get more space for their money in Parma Heights, while still being near all the action of Cleveland. You can't go wrong with multi-unit dwellings in the Barrington subdivision, condos in the Princeton Court community and single family residences in the Ridgeview Park neighborhood.