Real Estate Investing in Parowan, Utah
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Should you buy in Parowan, UT? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 25.3% of homes vacant — above national norms.
What’s happening in Parowan, UT?
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Market Trends — Parowan, UT
Home Value History
Investing in Parowan Real Estate
With a sizable population across 1 ZIPs, Parowan shows the kind of thin fundamentals that keep most out-of-state capital on the sidelines.
clearly Parowan's aggregate rating of ★★★☆☆ reflects tepid investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.
unambiguously Parowan's sale market has not rewarded patience. better suited elsewhere for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.
Demographics in Parowan show real pressure — median income of $N/AK is modest relative to rents, and the 0% renter share includes significant cost-burdened households.
Best ZIP codes in Cedar City, UT
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Landlord Ground Truth
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Property managers serving Iron County
Manage rentals here? List your business →Cedar City Property Management provides property management services. summary from their website
Real Property Management Cedar City is a property management company in Cedar City, UT. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
ZIP Codes in Parowan, UT
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View PlansFrequently Asked Questions About Parowan, UT
Is housing expensive in Parowan, UT?
Typical homes in Parowan, UT go for around $419K. The 5-year CAGR of 0.0% steady price movement.
How landlord-friendly is Parowan, UT?
UT ranks as a landlord-friendly state for landlord-tenant law. Parowan generally follows the statewide framework, so landlords face reasonable operating rules.
How deep is the rental pool in Parowan, UT?
Parowan, UT draws a measured base of working renters. Demand at the $1,008/mo rent level is reasonable for standard single-family and small multi rentals.
Is house hacking profitable in Parowan, UT?
For house hackers, Parowan, UT is a challenging. The $1,008/mo rent on a unit helps defray the mortgage on a $419K property.
What monthly rent should investors expect in Parowan, UT?
Parowan, UT rentals go for roughly $1,008/mo a month. That puts gross yield in solid territory relative to $419K acquisition costs.
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