Housing data for Parma, MO
Parma, MO has an estimated 596 residents and 271 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in New Madrid County.
38.5% of households rent.
The median gross rent is $575 a month.
Figures last updated on .
- Residents
- 596 (±187)
- Housing units
- 271 (±67)
- Households that rent
- 38.5%
- Median gross rent
- $575
- Residents since 2015–2019
- −2.0%
What stands out in Parma
Median home value: $43,300 (±$10,593) in Parma, lower than in New Madrid County ($111,800).
Median real estate taxes: $338 (±$248) in Parma, lower than in New Madrid County ($814).
Housing in Parma at a glance
- Median rent: $575 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $617 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 40.0% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 38.5% of households rent
- Income and affordability: $63,750 median household income
- Home values: $43,300 median home value
- Homeowner costs: $594 median monthly cost with a mortgage (Small sample: wide margin of error)
- Property taxes: $338 median real estate taxes a year (Small sample: wide margin of error)
- Types of homes: 2.2% of homes are in buildings of 5 or more units
- Bedrooms: 53.5% of homes have 3 or more bedrooms
- Age of homes: 77.9% of homes were built before 1980
- Vacancy rate: 5.3% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 48.7% heat with propane
- Commute and cars: 20.4 minutes average trip to work
- Growth: −2.0% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 31.2% moved in since 2020
- Crowding and facilities: 5.6% of homes have more than 1 person per room (Small sample: wide margin of error)
Parma against New Madrid County, its state and the nation
| Parma | New Madrid County | Missouri | United States | |
|---|---|---|---|---|
| Residents | 596 (±187) | 15,731 (exact) | 6,191,814 (exact) | 334,922,499 |
| Housing units | 271 (±67) | 7,876 (±41) | 2,825,287 (±1,043) | 143,775,355 |
| Households that rent | 38.5% (±12.1 points) | 35.8% (±3.1 points) | 31.9% (±0.2 points) | 34.8% |
| Median gross rent | $575 (±$237) | $729 (±$26) | $1,033 (±$6) | $1,413 |
| Median household income | $63,750 (±$17,904) | $51,881 (±$4,292) | $70,702 (±$325) | $80,734 |
| Median home value | $43,300 (±$10,593) | $111,800 (±$8,297) | $230,300 (±$880) | $332,700 |
| Median real estate taxes (a year) | $338 (±$248) | $814 (±$65) | $1,948 (±$11) | $3,119 |
| Built before 1980 | 77.9% (±22.9 points) | 61.9% (±4.8 points) | 52.8% (±0.4 points) | 49.7% |
| Average commute | 20.4 minutes (±2.4) | 21.3 minutes (±1.7) | 23.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 93.2% (±6.5 points) | 89.2% (±2.2 points) | 89.3% (±0.2 points) | 91.0% |
| Median age of residents | 37.9 years (±10.0) | 41.3 years (±0.6) | 39.0 years (±0.2) | 38.9 years |
Parma covers 0.6 square miles of land, about 934 residents per square mile (Census Bureau Gazetteer).
How Parma has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 608 (±162) | 596 (±187) | −2.0% | Not a measurable change |
| Housing units | 325 (±69) | 271 (±67) | −16.6% | Not a measurable change |
| Median gross rent | $816 (±$256) | $575 (±$237) | −29.5% | Down after inflation |
| Median home value | $50,000 (±$31,063) | $43,300 (±$10,593) | −13.4% | No measurable change after inflation |
| Median household income | $24,231 (±$4,490) | $63,750 (±$17,904) | +163.1% | Up after inflation |
| Median owner cost with a mortgage | $730 (±$177) | $594 (±$577) | −18.6% | No measurable change after inflation |
| Median real estate taxes | $378 (±$286) | $338 (±$248) | −10.6% | No measurable change after inflation |
| Households that rent | 53.2% (±13.8 points) | 38.5% (±12.1 points) | −14.7 percentage points | Not a measurable change |
| Rental vacancy rate | 11.9% (±13.3 points) | 5.3% (±9.4 points) | −6.6 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Parma
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Risco | 4.1 mi | $696 | $62,300 | 21.4% |
| Elk Township | 5.7 mi | $1,313 | $95,800 | 15.2% |
| Catron | 6.2 mi | — | — | 18.8% |
| Tallapoosa | 7.3 mi | — | $37,500 | 26.3% |
| Bernie | 9.4 mi | $768 | $98,100 | 26.6% |
| Malden | 10.0 mi | $673 | $101,300 | 49.0% |
| Cotton Hill Township | 10 mi | $664 | $92,400 | 48.1% |
| North Lilbourn | 11 mi | — | — | 100.0% |
Places in Missouri most like Parma
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Liberal | $650 | $77,000 | $65,250 | 31.9% |
| Higbee | $709 | $56,200 | $49,531 | 27.0% |
| Campbell | $641 | $75,300 | $49,926 | 34.8% |
| Frankford | $385 | $55,500 | $49,464 | 31.6% |
| Gideon | $489 | $55,500 | $41,538 | 33.3% |
| Monroe Township (Nodaway County) | $558 | $68,000 | $56,563 | 23.6% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Missouri.
HUD Fair Market Rent for Parma, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $709 | $735 | $962 | $1,176 | $1,264 |
HUD income limits for Parma, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $16,300 | $27,150 | $43,400 |
| 2 people | $21,640 | $31,000 | $49,600 |
| 3 people | $27,320 | $34,900 | $55,800 |
| 4 people | $33,000 | $38,750 | $62,000 |
| 5 people | $38,680 | $41,850 | $67,000 |
| 6 people | $44,360 | $44,950 | $71,950 |
| 7 people | $48,050 | $48,050 | $76,900 |
| 8 people | $51,150 | $51,150 | $81,850 |
These are the limits HUD sets for its housing programs in the New Madrid County, MO, where HUD’s median family income for fiscal year 2026 is $70,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Parma
How many renters are there in Parma?
Parma has an estimated 90 (±36) renting households, 38.5% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Parma?
The median household income in Parma is $63,750 (±$17,904) a year (2020–2024 American Community Survey).
What is the average home value in Parma, MO?
The Census Bureau publishes the median: $43,300 (±$10,593) for owner-occupied homes in Parma (2020–2024 American Community Survey).
How many homes are in Parma?
Parma, MO has an estimated 271 (±67) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Parma?
The most common size is 3 bedrooms, 44.6% of homes in Parma, MO.
How old are most homes in Parma?
77.9% of homes in Parma, MO were built before 1980 (2020–2024 American Community Survey).
Is Parma growing?
In Parma, the number of residents went from 608 in 2015–2019 to 596 in 2020–2024 (−2.0%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Parma city, Missouri
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Parma city, Missouri
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Parma city, Missouri
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Parma city, Missouri
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Parma city, Missouri
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Parma city, Missouri
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Parma city, Missouri
- HUD Fair Market Rents, fiscal year 2027: New Madrid County, MO
- HUD Income Limits, fiscal year 2026: New Madrid County, MO
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Parma city, Missouri (place:56342, in state:29).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .