Paramount Homes & Real Estate

Paramount Neighborhood Homes

As a part of the Greater Los Angeles area, Paramount is a prominent community with a range of home prices. The community is home to over 54,000 people. It sits north of Long Beach and is bordered by Compton and Lynwood on the west. The real estate market in Paramount remains one of the most affordable in the region, price-wise, but there are many aspects that can make this a competitive place to buy a home.

The city of Paramount spans over four square miles. The community has a moderate number of homes and provides for a wide range of opportunities for first-time homebuyers. Being a short drive into Downtown Los Angeles, it can be one of the more affordable cities to live in for a commuter. The median sale price of homes in Paramount as of February of 2017 is $290,000. That price has risen about nine percent in the last year. The price per square foot sits at about $290, by as much as 11 percent. That price has increased as well in the previous year. Home sales are happening. In the four months ending in February of 2017, about 46 homes were sold in the community.

The median rent per month in Paramount is $1950. Rental rates are dropping because more people are turning to become homeowners since home prices in this city and the area remain solid. However, with only 27 homes listed for sale as of February of 2017, there are few options to select from (though the number of homes on the market is likely to rise as spring conditions improve).

Many of the homes for sale in Paramount are valued significantly higher and listed as such. The city has mostly single family homes, though side-by-side duplexes, condos, and apartment units are also options here. Many of the homes for sale are two-bedroom or three-bedroom ranches, though homes that are significantly larger are also available. Many of the homes for sale are in the range of 1100 to 2000 square feet.

Those who wish to build a home in Paramount will find available land and home builders to work with. However, not many new developments are available in the city proper. Home builders serving the city include Parkview Homes and KB Homes.

Paramount Community Amenities

Paramount has long been a small town in terms of feel and population. The city was once called New Spain when it was settled in 1781. The economy here was long based on dairy and hay, though today it is much more modernized. The city has a strong Mexican heritage and outstanding cultural events that support this diversity. Various restaurants and retail sectors exist throughout it as well as various parks, playgrounds, and open green space.

The city also has direct access to I-105 and I-710. It is also a short distance to state Route 91. The Los Angeles County Metropolitan Transportation Authority also provides bus service in the city.

For those hoping to buy a home in Paramount, numerous neighborhood and urban areas exist with various home styles to select from. The area is a vibrant community with a rich heritage.

• The Paramount Hay Tree located in the heart of the city is a historical landmark in the state. It pays homage to the hay industry.
• The Zamboni Company operates its ice resurfacing business out of the city.
• The Easy Rider Shuttle service provides local service throughout the city.
• Today, much of the city is a service industry, with many homeowners commuting to nearby towns for other work.
• The community is very close to Los Angeles’s numerous amenities and not far from the coast.

Paramount Neighborhood Schools

Residents in Paramount have access to the Paramount Unified School District. Several schools are within the city itself. In addition, several private schools are present here including Our Lady of the Rosary Private Catholic School.

Paramount Information Resources

• City of Paramount
• Paramount Chamber of Commerce
• Paramount Wikipedia
• Paramount City-Data.com