Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Parowan

Learn about the people, housing, costs and businesses in Parowan, Utah

Median Home$321,500
Median Rent$981/month
Population2,889
Leading IndustriesPublic Administration · Wholesale Trade · Construction29% public administration
Home Value Growth⬆⬆+14.1% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners76% of occupied units
NotableTransit80/100 · excellent transit access
Parowan
UT

Frequently Asked Questions

What are today's mortgage rates in Parowan?

As of today, the 30-year fixed mortgage rate for Parowan is approximately 6.862% (6.897% 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 Parowan
What is the median home price in Parowan?

The median home value in Parowan is $322k. The median monthly rent is $981. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parowan?

Home values in Parowan have increased 14.1% 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 Parowan?

Based on a typical all-in ownership cost of $903/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parowan is $52k/year.

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

The largest employment sectors in Parowan are public administration (29%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.