Parowan, UT housing market
The typical Parowan home is worth about $409,000, up 2.7% in a year, 24% below the Utah typical home.
Home values, sales, trends and how Parowan compares with the towns next door — updated as new data is published.
Parowan at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Parowan | Utah |
|---|---|---|
| 2017 | $197,000 | $274,000 |
| 2018 | $218,000 | $300,000 |
| 2019 | $232,000 | $327,000 |
| 2020 | $246,000 | $350,000 |
| 2021 | $278,000 | $401,000 |
| 2022 | $364,000 | $499,000 |
| 2023 | $391,000 | $514,000 |
| 2024 | $391,000 | $516,000 |
| 2025 | $396,000 | $528,000 |
| 2026 | $402,000 | $538,000 |
| August 2026 | $409,000 | $535,000 |
7.7 years of income
The typical Parowan home costs about 7.7 years of the town's median household income, more than across Utah (5.6 years).
How Parowan ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,120
HUD's Fair Market Rent for a two-bedroom in Parowan is $1,120 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Parowan pay a median of $1,013, so moving in tends to cost more than staying put. A two-bedroom takes about 25% of the town's median household income.
Studio $820 · 4 bedrooms $1,890
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (84760, 84761; Iron County, UT), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.