Paramount, California Housing Market Prices
Paramount Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 34% above the California median$875,000
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Median rent 8% below the California median$1,874
Housing Market Overview
| Metric | Paramount | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $875,000 | $650,794 | $248,835 |
| Price Trend (Annual %) | 21.8% | 8.9% | 7.5% |
| Median Gross Rent | $1,874 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Paramount is about 34% higher than in California. Rent is about 8% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Paramount, up about 21.8% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Paramount rose about 57.3% between 2015 and 2024, from $1,191 to $1,874. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 11.6 yearly household incomes in Paramount.
Buying the median-priced home in Paramount costs roughly 38.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Paramount. The price-to-rent ratio in California is about 26.6.
| Metric | Paramount | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $875,000 | $650,794 | $248,835 |
| Median Household Income | $75,129 | $99,161 | $80,455 |
| Price-to-Income Ratio | 11.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Paramount rose about 328.7%, while median household income rose about 60.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Paramount | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.5% | 51.7% | 58.5% |
| Rental Rate | 56.4% | 40.8% | 31.2% |
| Vacancy Rate | 1.0% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Paramount has a homeownership rate of 42.5%, lower than the California average of 51.7%. Its housing vacancy rate is 1.0%, compared with 7.5% in California.
Housing Stock
| Metric | Paramount | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.52 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1969 | 1975 | 1978 |
| Median Number of Rooms | 4.3 | 5.0 | 5.5 |
The typical housing unit in Paramount was built around 1969. On average, 3.5 people live in a home with about 4.3 rooms, staying for about 14.0 years on average.
Paramount, CA Housing Compared With Nearby Cities
How Paramount, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Paramount, CA | 51,757 | $875,000 #1/3 | $1,874 #2/3 | 43.0% #2/3 |
| Bellflower, CA | 76,778 | $498,156 | $1,830 | 39.3% |
| Downey, CA | 112,177 | $596,741 | $1,939 | 51.3% |
Frequently Asked Questions
Common questions about the housing market in Paramount, California.
What is the median home price in Paramount, California?
The median home price in Paramount, California is $875,000, higher than the California average of $650,794.
What is the average home price in Paramount, California?
The typical home price in Paramount, California, reported as the median sale price, is $875,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Paramount, California?
The median gross rent in Paramount, California is $1,874 per month, lower than the California average of $2,036.
What was the median gross rent in Paramount in 2020?
In 2020, the median gross rent in Paramount, California was $1,462 per month.
What is the price-to-rent ratio in Paramount, California?
The price-to-rent ratio in Paramount, California is about 38.9, meaning it would take roughly 38.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Paramount.
Are home prices or rent rising faster in Paramount, California?
Both home prices and rent are rising in Paramount, up about 21.8% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Paramount, California?
42.5% of households in Paramount, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Paramount, California?
The housing vacancy rate in Paramount, California is 1.0%, lower than the California average of 7.5%.
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