The story of this market
The typical home in ZIP 63870 sells for about $109,698, or $68 per square foot.
Prices are roughly flat from a year ago (-0.9%), a market in balance. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $545 a month.
ZIP 63870 — Parma
The housing market in 63870 is characterized by low inventory and stable, affordable pricing, reflecting the broader economic trends of the Missouri Bootheel. Sales volume remains low, and the market is driven primarily by local demand rather than speculative investment. Figures for specific metrics like price cuts and days on market are based on limited sample sizes due to the low volume of closed sales.
This area is best suited for local agricultural workers, families seeking affordable housing, and retirees looking for a low-cost-of-living environment.
Median prices moved down 0.9% year over year.
Homes spend a median of 112 days on market with 8.0 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.2% · poverty 30.3% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 63870, Missouri
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Public schools in the area are primarily served by the Portageville School District, which maintains a modest local rating profile.
The area is located in a region with moderate flood risk associated with the Mississippi River basin and requires standard hazard insurance coverage.
The local economy is heavily anchored by the agricultural sector and regional logistics, with limited new large-scale industrial development reported.
Property taxes are assessed by New Madrid and Pemiscot counties based on local millage rates, with no specific municipal income tax reported for the city.
Commuting is primarily car-dependent, with residents typically traveling to nearby regional hubs like Sikeston or Caruthersville via I-55.
Local amenities include small municipal parks and proximity to regional outdoor recreation areas, with basic retail and dining options located within the city limits.
The rental market is characterized by low turnover and a high share of single-family detached homes, with limited new multifamily construction.
The economy is driven by agriculture, food processing, and regional distribution services.
The city is served by I-55, providing the primary corridor for regional transit and freight movement.
No major large-scale commercial or residential developments are currently reported in the pipeline.
Parcels are subject to standard county and school district levies, with no significant MUD or PID activity reported.
Property insurance premiums are influenced by regional flood and wind risk factors common to the Missouri Bootheel.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.