Condo Foreclosures in Parowan, UT 84761

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.

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.