Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,516, 3,013 total housing units (homes and apartments), and a median house value of $529,991, Paradise real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Paradise, accounting for 65.71% of the town's housing units. Other types of housing that are prevalent in Paradise include mobile homes or trailers ( 11.24%), duplexes, homes converted to apartments or other small apartment buildings ( 9.38%), and a few large apartment complexes or high rise apartments ( 7.49%).
Dwellings in Paradise tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 55.64% of the homes in Paradise have two or fewer bedrooms.
There is a lot of housing in Paradise built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Paradise built between 1940-1969 ( 28.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.51%). There's also some housing in Paradise built before 1939 ( 1.56%).
In the last 10 years, Paradise has experienced some of the highest home appreciation rates of any community in the nation. Paradise real estate appreciated 124.05% over the last ten years, which is an average annual home appreciation rate of 8.40%, putting Paradise in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Paradise definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Paradise's appreciation rate, at 10.84%, has been at or slightly above the national average. In the latest quarter, Paradise's appreciation rate has been 7.64%, which annualizes to a rate of 34.25%.
Importantly, this makes Paradise one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Paradise's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Paradise differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paradise - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Paradise real estate investment or home purchase decisions.
$529,991
for California
for nation
3,013
$1,467 / per month