What is the rental yield in Parma Circle, Parma, Ohio?

The gross yield in Parma Circle, Parma, Ohio is 5.9. That sits alongside prices about 7% below Parma and 2% below Ohio, with a Red Flag score of 38, walkability of 66, and education in the 57th percentile.

How have prices changed in Parma Circle, Parma, Ohio over the past year?

Prices in Parma Circle, Parma, Ohio are down 4.4% over the past year. The neighborhood also trades about 7% below Parma and 2% below Ohio, with a gross yield of 5.9, a Red Flag score of 38, walkability of 66, and education in the 57th percentile.

How does Parma Circle compare with Parma and Ohio?

Parma Circle in Parma, Ohio is priced about 7% below Parma and 2% below Ohio. It also has a gross yield of 5.9, a Red Flag score of 38, walkability of 66, education in the 57th percentile, and prices down 4.4% over the past year.

Neighborhood

Parma Circle

Parma, Ohio US

Parma Circle in Parma, Ohio offers a moderate-income investment profile with a gross yield of 5.9 and prices about 7% below Parma and 2% below Ohio. Prices are down 4.4% over the past year, which may support entry pricing, while the Red Flag score of 38 suggests comparatively lower overall risk. Walkability is 66, and education is in the 57th percentile.

AI Summary•Updated June 2026

Area

7.10 mi²

ZIP Code

44129

County

Cuyahoga County

State

Ohio

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$243,928

YoY-4.4%

Gross Rental Yield

6.5%

Listed rent · ZORI annualized

Red Flag Index

Low

38 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

57 / 100

Good · better than 57% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Parma Circle Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Parma Circle, Parma.

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Market Economics Snapshot

Jun 2026

Metric	Value	YoY
Median Sale Price	$243,928	-4.4%
Price / Sq Ft (Verified)	$165/sqft	-1.1%
Asking Rent (Median)	$1,327/mo	+19.0%
Gross Rental Yield	6.5%	—
Liquidity Score	33 / 100	Moderate
Homes Sold (Period)	102	-3.8%

Is Parma Circle Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Ohio crime context.

Red Flag Breakdown

38 / 100

Low Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Tornado60High

Flood40Moderate

Wildfire40Moderate

Hurricane40Moderate

Heat40Moderate

Strong Wind40Moderate

Earthquake20Low

Hail20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Ohio averaged 18.4 crimes and 2.9 violent per 1,000 residents (-9.5% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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What Stands Out AI Insight

Above-average gross rental yield at 6.5%

Low natural-hazard risk — 38/100 composite

Active transaction volume — 102 homes sold last period

Insights are generated from Parma Circle's live DistrictScore metrics.

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Parma Circle Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Ohio-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.4 µg/m³ Meets EPA, above WHO guideline-27.9% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Parma Circle centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 64% of U.S. neighborhoods.

Ohio Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	18.4	2.9	-9.5%
2023	20.5	3.0	-2.1%
2022	21.1	3.0	+3.2%
2021	20.4	3.2	-5.1%
2020	21.6	3.1	-8.3%
2019	23.5	3.0	—

Reported at the state level — the finest official US crime aggregation; Parma Circle inherits the Ohio figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Parma Circle

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor1 nearbyHigh

Point-source screening near Parma Circle: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

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Walkability & Amenities in Parma Circle

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

66

Somewhat Walkable

Walkability Score

12

Grocery

23

Dining

16

Schools

2

Universities

4

Hospitals

3

Pharmacies

18

Parks

1

Rail Transit

0

Coworking

POI counts are amenities within Parma Circle's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Parma Circle vs Parma vs Ohio

How Parma Circle benchmarks against its city and state medians.

Benchmark vs City & State

In Parma Circle, the median sale price sits about 7% below the median for Parma neighborhoods and in line with the statewide median. Gross rental yield is 6.5%, against 7.9% for Parma neighborhoods and 6.4% statewide. Over the past 12 months, prices fell 4.4%. Transaction liquidity sits in line with the median for Parma neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Parma Circle	$165/sqft	6.5%	33
Parma	$178/sqft	7.9%	34
Ohio	$169/sqft	6.4%	28

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Buying Property in the US as a Foreigner

Federal & Ohio tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.28% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 3.5%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $1 per $1,000.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Ohio property-tax guidance for foreign buyers

Latest Parma Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Parma Circle Real Estate FAQ

Parma Circle in Parma, Ohio shows a moderate profile with a gross yield of 5.9 and prices about 7% below Parma and 2% below Ohio. The Red Flag score is 38, walkability is 66, and education is in the 57th percentile, while prices are down 4.4% over the past year.

Neighborhoods near Parma Circle

Compare Parma Circle with nearby neighborhoods in Parma.

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