Real Estate Investing in Paramount, California (90723)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 90723 (Paramount, CA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Paramount, CA (90723)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 90723 Paramount
Not every below-median market is a bargain. Paramount's 90723 ZIP comes in at signals that favor experienced operators who can absorb the risk $656K pricing implies.
For an experienced owner, 90723 can be a a solid fit for hunting ground — but the discount at $656K reflects genuine risk that outside investors often underestimate.
In the broader CA picture, 90723 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 90723 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 90723 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Paramount:
Property Strategy for 90723
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $395,521 | $1,880 | 3.4% | +5.5% | $395,521 |
| 2BR | $548,939 | $2,350 | 3.1% | +6.9% | $274,470 |
| 3BR | $679,433 | $2,980 | 3.2% | +7.0% | $226,478 |
| 4BR | $774,839 | $3,320 | 3.1% | +6.6% | $193,710 |
| 5BR | $859,836 | — | — | +5.7% | $171,967 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 90723 Compare?
| Metric | 90723 | Paramount | Los Angeles-Long Beach-Anaheim, CA | California |
|---|---|---|---|---|
| Home Value | $656,215 | $656,215 | N/A | $761,003 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 5.7% |
| Avg Rent | $2,713 | $2,713 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 90723 (Paramount, CA). Anonymous, moderated, never written by AI.
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Property managers serving Los Angeles County
Manage rentals here? List your business →A Better Property Management Company Inc. provides property management services in Long Beach, Seal Beach, and Southern California. summary from their website
ACF Property Management leases shopping center spaces nationwide, managing over 37 shopping centers in 11 states from California to Florida. summary from their website
summary from their website 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.
📊 Market Snapshot
| Home Value | $656,215 |
| Monthly Rent | $2,713 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 90723
Population: 52,546
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 90723
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 11,450 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Paramount, CA for investors?
The 3.0/5 investability rating in Paramount, CA reflects its $656K prices and $2,713/mo rents. Investors generally consider it a solid option within CA.
Are eviction rules reasonable in Paramount, CA?
The landlord environment in Paramount, CA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What do rentals go for in Paramount, CA?
Expect rents around $2,713/mo per month in Paramount, CA. With home values at $656K, the yield math works out to reasonable levels for rental investors.
Is Paramount, CA better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Paramount, CA best. The market produces measured results for that approach at the $656K price point.
Are renters plentiful in Paramount, CA?
Tenant demand in Paramount, CA is solid. The local workforce $2,713/mo rents across most rental classes.
You know 90723 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 90723 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 90723 ranks in Los Angeles-Long Beach-Anaheim, CA
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