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Parowan, UT

Full City Profile · Utah · Iron County County

2.5 /5.0
C+ Fair
3,095 Population 450/sq mi density
$49,934 Median Income $23,791 per capita
$299,800 Home Value $386,460 Zillow
$997 Median Rent 31.4% income on rent
37°F Avg Temperature 318 sunny days/yr
176 Violent Crime/100K 2,185 property/100K
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$49,934 median income, 5.1% unemployment
B
Affordability
3.3 / 5.0
$299,800 home value, $997/mo rent
F
Safety
1.0 / 5.0
176 violent crimes/100K
C+
Education
2.5 / 5.0
18.8% bachelor's degree or higher

Housing Overview

Median Home Value
$299,800
6% above
US avg: $281,900
Median Rent
$997/mo
14% below
US avg: $1,163/mo
Homeownership Rate
63.5%
3% below US avg (65.4%)
Total Housing Units
1,341
Median year built: 1980

Home Value by Source

Census Median
$299,800
Zillow (ZHVI)
$386,460
Median Sale Price
$339,250
Median List Price
$316,777
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

63.5%
Owner-Occupied
36.5%
Renter-Occupied
64%
37%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$981/mo
1 Bedroom
$1,082/mo
2 Bedroom
$1,313/mo
3 Bedroom
$1,746/mo
4 Bedroom
$2,105/mo
Census median rent: $997/mo

Market Indicators (Redfin)

Median Days on Market
96 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
26.1%
of listings with price reduction
Price Per Sq Ft
$251
Active Inventory
23
homes for sale

Affordability & Housing Stock

Rent Burden
31.4%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1980
Average age of housing stock: 46 years
Homeownership Rate
63.5%

Complete Housing Data

Home Values

Census Median Value$299,800
Zillow Home Value (ZHVI)$386,460
Median Sale Price$339,250
Median List Price$316,777
Price Per Sq Ft$251

Rent

Census Median Rent$997
FMR Studio$981
FMR 1-Bedroom$1,082
FMR 2-Bedroom$1,313
FMR 3-Bedroom$1,746
FMR 4-Bedroom$2,105

Market

Days on Market96
Sale-to-List Ratio1.0%
Price Drops26.1%
Homes Sold4
Active Inventory23
Price Per Sq Ft$251

Ownership & Stock

Owner-Occupied63.5%
Renter-Occupied36.5%
Homeownership Rate63.5%
Total Housing Units1,341
Median Year Built1980
Rent Burden31.4%