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Paramount

Learn about the people, housing, costs and businesses in Paramount, California

Median Home$524,530
Median Rent$1,871/month
Population52,050
Leading IndustriesFinance & Insurance · Information & Media · Transportation9% finance & insurance
Home Value Growth⬆⬆⬆+25.5% over 2 years
Young Adults33% of residentswell above average
Renters57% of occupied units
NotableAmenity Score73/100 · highly walkable area
Paramount
CA

Frequently Asked Questions

What are today's mortgage rates in Paramount?

As of today, the 30-year fixed mortgage rate for Paramount is approximately 6.845% (6.879% 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 Paramount?

The median home value in Paramount is $525k. The median monthly rent is $1,871. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paramount?

Home values in Paramount have increased 25.5% 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 Paramount?

Based on a typical all-in ownership cost of $1,811/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paramount is $74k/year.

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What industries drive the economy in Paramount?

The largest employment sectors in Paramount are public administration (21%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.