Paramount, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Paramount, CA Real Estate Data


Paramount Housing Market Information

With a population of 55,412, 13,844 total housing units (homes and apartments), and a median house value of $338,338, real estate costs in Paramount are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Paramount, accounting for 43.64% of the city's housing units. Other types of housing that are prevalent in Paramount include large apartment complexes or high rise apartments ( 29.25%), row houses and other attached homes ( 10.25%), and a few mobile homes or trailers ( 9.58%).

People in Paramount primarily live in small (one, two or no bedroom) single-family detached homes. Paramount has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Paramount built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Paramount built between 1940-1969 ( 43.97%). A lesser amount of the housing stock also hails from before 1939 ( 5.32%). There's also some housing in Paramount built between 2000 and later ( 5.00%).

Paramount Home Appreciation Rates

Paramount's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Paramount during the period has been just -1.65%, which is lower than 80% of US communities.

Appreciation rates are so strong in Paramount that despite a nationwide downturn in the housing market, Paramount real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Paramount appreciation rates continue to be some of the highest in America, at 7.61%, which is higher than appreciation rates in 83.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Paramount. Paramount appreciation rates in the latest quarter were at 2.07%, which equates to an annual appreciation rate of 8.52%.

Importantly, this makes Paramount one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Paramount's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Paramount differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paramount - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Paramount real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$338,338

Paramount, CA HOME PRICES

Value Range
> $1,331,000 0.4
$998,001 - $1,331,000 0.2
$665,001 - $998,000 4.4
$532,001 - $665,000 8.5
$399,001 - $532,000 23.3
$266,001 - $399,000 30.0
$133,001 - $266,000 15.6
$67,001 - $133,000 7.4
$0 - $67,000 9.7

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
12.8149537091293 60.978835978836

Number Of Homes And Apartments:
13,844

Rent & Ownership

 

Average Market Rent:
$1,517 / per month

Homeownership Rate

Homeownership
Owners 38.82
Renters 61.18
Vacant 3.83

Housing Market Details

 

Age of Homes

AGE OF Paramount HOMES
2000 or Newer 5.0
1970 - 1999 45.7
1940 - 1969 44.0
1939 or Older 5.3

Types of Homes

TYPE OF Paramount HOMES
Single-Family 43.6
Townhomes 10.3
Small Apt. Buildings 7.2
Apt. Complexes 29.3
Mobile Homes 9.6
Other 0.1

Home Size

SIZE OF Paramount HOMES
No Bedroom 5.70
1 Bedroom 16.87
2 Bedrooms 42.69
3 Bedrooms 26.94
4 Bedrooms 7.02
5 or more bedrooms 0.78

Paramount Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
135.41% 5.09% 10 10
* 10 is highest