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City-owned Homes And Land in Parowan, UT 84761

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Living in Parowan, UT

Parowan, UT, is a picturesque small town that balances historical charm with modern amenities. Located near beautiful outdoor recreational areas, it offers a family-friendly environment with strong community ties. With a burgeoning market and a focus on education, Parowan represents a promising opportunity for real estate investment.

Current Market Conditions in Parowan, UT

The real estate market in Parowan is currently favorable for both buyers and investors. Home prices have shown a steady increase over the past few years, driven by a demand for homes from families and retirees seeking a peaceful environment. Interestingly, the market is considered undervalued compared to larger cities nearby.

There is a notable trend of population growth as more individuals and families are discovering the benefits of living in a smaller town with access to nature and lower living costs. Investors can find opportunities in both rental properties and single-family homes, making Parowan an appealing option for diverse investment strategies.

Home Value Estimator For Parowan, UT

There are currently 995 real estate properties in Parowan, UT, with a median automated valuation model (AVM) price of $367,344.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Parowan, UT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Parowan, UT, is $386,022.00, with the most expensive house in Parowan, UT, topping out at $2,549,000.00 and the cheapest home in Parowan, UT, clocking in at $23,324.00. In other words, there’s something for every potential homebuyer or savvy investor in Parowan, UT!

Rent Prices In Parowan, UT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Parowan, UT, is on a rollercoaster ride. The average rent price in Parowan, UT, is $1,746.00. Indeed, when looking to rent in Parowan, UT, you can expect to pay as little as $1,060.00 or as much as $3,240.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in Parowan, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Parowan, UT 84761 City-owned Homes And Land


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