Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Paris

Learn about the people, housing, costs and businesses in Paris, Virginia

Median Home$624,600
Median Rent$1,433/month
Population40
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services12% arts, food & hospitality
Home Value Growth+8.1% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners83% of occupied units
NotableHighly Educated39% hold a bachelor's degree · top 1% nationally
NotableVeteran Community13% of residents · top 4% nationally
Paris
VA

Frequently Asked Questions

What are today's mortgage rates in Paris?

As of today, the 30-year fixed mortgage rate for Paris is approximately 6.829% (6.863% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Paris
What is the median home price in Paris?

The median home value in Paris is $625k. The median monthly rent is $1,433. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paris?

Home values in Paris have increased 8.1% over the past two years. This represents moderate growth. 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 Paris?

Based on a typical all-in ownership cost of $2,587/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $111k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paris is $136k/year.

Calculate your buying power
What industries drive the economy in Paris?

The largest employment sectors in Paris are public administration (16%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.