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Parral

Learn about the people, housing, costs and businesses in Parral, Ohio

Median Home$215,400
Median Rent$1,067/month
Population205
Leading IndustriesPublic Administration · Transportation · Information & Media39% public administration
Home Value Growth⬆⬆+17.5% over 2 years
Retirees26% of residentsabove average nationally
Homeowners69% of occupied units
Parral
OH

Frequently Asked Questions

What are today's mortgage rates in Parral?

As of today, the 30-year fixed mortgage rate for Parral is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Parral?

The median home value in Parral is $215k. The median monthly rent is $1,067. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parral?

Home values in Parral have increased 17.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Parral?

Based on a typical all-in ownership cost of $949/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parral is $73k/year.

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What industries drive the economy in Parral?

The largest employment sectors in Parral are public administration (39%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.