Home prices
The median home in Paramount is valued at $343,800. Compared to other places in this area this is roughly $83,760 (19%) lower.In comparison to the US as a whole it is roughly $126,300 (58%) higher, and compared to the city of Los Angeles it is approximately $293,100 (46%) lower.
Rents
In Paramount the median rent is $1,388 per month. It is about $97 (7%) higher in comparison to the surrounding areas.It is about $326 (30%) higher compared to the rest of the nation, and compared to the city of Los Angeles it is approximately $62 (4%) lower.
Nearby places
East Rancho Dominguez
East Rancho Dominguez is Paramount's neighbor to the west. The housing prices there are similar. East Rancho Dominguez's median home value is $355,600, which is $11,800 (3%) higher than Paramount. Its rents are a bit less expensive. East Rancho Dominguez's median rent is $1,196 a month, which is $192 (16%) lower than Paramount.
Bellflower
Bellflower is Paramount's neighbor to the east. The housing prices there are somewhat more expensive. The median home cost in Bellflower is $458,600, which works out to $114,800 (25%) higher than Paramount. Rent there is similar. The median monthly rent in Bellflower is $1,368, which comes out to $20 (1%) lower than Paramount.
Lynwood
Lynwood is Paramount's neighbor to the northwest. Its housing prices are a bit more expensive. The price of the median home in Lynwood is $399,100, which comes out to $55,300 (13%) higher than Paramount. The rent there is a bit less expensive. In Lynwood the median rent is $1,211 per month, which comes out to $177 (14%) lower than Paramount.
Compton
Compton is Paramount's neighbor to the west. Housing prices there are fairly similar. The median home in Compton costs $355,200, which works out to $11,400 (3%) higher than Paramount. The rent there is somewhat less expensive. In Compton the median monthly rent is $1,219, which is $169 (13%) lower than Paramount.
Downey
Downey is Paramount's neighbor to the northeast. Real estate prices there are a lot more expensive. The median home value in Downey is $569,300, which works out to $225,500 (39%) higher than Paramount. The rent there is somewhat more expensive. The median monthly rent in Downey is $1,462, which comes out to $74 (5%) higher than Paramount.
