Quick facts: Parma, ID

Quick Facts

101.3
Cost of Living
above US average
2,126
Population
14.58
Crime Rate per 1000
below US average
$48,702
Median Income
below US average
$535,000
Median House Price
above US average
$67000.0
Average Rent
above US average
12%
Poverty Rate
above US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $48,702.

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Income Needed to Buy

βœ— Stretch
$168k/year
Based on $535,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $168k vs median $48,702
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Income Needed to Rent

⚠ Stretch
$2871k/year
Based on $67000.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $2871k vs median $48,702
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Parma, ID

Parma is a small city located in Canyon County, Idaho, known for its rich agricultural history and community-oriented atmosphere. Nestled in the scenic Snake River Valley, Parma boasts a population of around 8,500 residents. The city is characterized by its warm, semi-arid climate, with hot summers and mild winters, making it an ideal place for outdoor activities and farming. Parma is surrounded by picturesque landscapes, including farmland and hills, contributing to its charm as a peaceful rural community. The city hosts several annual events, such as the Parma Rodeo, which celebrates Western heritage and attracts visitors from the region. The local economy is primarily driven by agriculture, with a focus on crops such as potatoes, onions, and various grains. Parma is also recognized for its wineries and vineyards, benefiting from the area's fertile soil. Residents enjoy access to parks, recreational facilities, and a close-knit community atmosphere, making Parma a great place for families and those seeking a quieter lifestyle while still being close to larger cities like Caldwell and Nampa, which are only a short drive away.

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