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Paramount

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

Median Home$505,271
Median Rent$2,036/month
Population241,759
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation13% healthcare
Home Value Growth⬆⬆+12.2% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners63% of occupied units
NotableHigh Incomes$112k/year · top 8% nationally
NotableHighly Educated24% bachelor's · 11% graduate · top 17% nationally
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 $505k. The median monthly rent is $2,036. Annual property taxes average $6k. 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 12.2% 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 $2,116/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $91k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paramount is $112k/year.

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What industries drive the economy in Paramount?

The largest employment sectors in Paramount are public administration (21%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.