February 24, 2021
By Angie Week
History & Fun Facts
You will love living in Paramount . The city is a family city with an old school feel. Lot of parks, great restaurants and very family oriented. The city is ethnically diverse and has its own school district. Centrally located to the 91 freeway and 105 freeway and the Metro link. Adjacent to Lakewood and Downey. City has overcome many obstacles and experienced significant growth with a very active Redevelopment Agency.
City is known as a small town with a big heart. Very diverse population and city council including a female mayor. Very active community organizations and city is known for volunteerism. City encourages open space and shared facilities for business.
Paramount is a city located in southeast Los Angeles County, California, in the Los Angeles metropolitan area. It was founded in 1948 and became incorporated in 1957. As of the 2010 census, the city had a total population of 77,852.
Originally known as an agricultural center including the Dairy Industry and worlds larges Hay market. The last dairy closed in 1977. City has long term Industry that employs many residents. Industry includes the Marukan Vinegar company, World Energy (bio producing fuel) and Wayfront Technologies (computer holograms). (from BestPlaces.com)
Paramount is known as an Urban Small town in LA County. The Paramount Hay Tree is a California State Historical Landmark. It is a still standing mature camphor tree remembered for its importance to the hay trading marketplace of the town. Home of the Iceland Skating Rink and the famous Paramount Drive in Theater. City has lots of parks and local restaurants. entertainment at the nearby Downy Performing Arts Theater , Downey Landing, Stonewood Shopping Mall.
Climate Comfort Index of 9.4 /10.
Paramount is reported to have a population of 77,852 with a median age of 34.1 and a median annual income of $49,360, according to the 2010 U.S. census.
Paramount has 15 schools from (pre-school through high school). Excellent STEM programs and high school partners with local business for internships.
Public School Ratings
Schools with highest ratings:
Real Estate Market
|Single Family Residence||Condominium|
|Price Per Square Foot||$393||$385|
Here is the rental market in Bellflower:
|1 Bedroom||2 bedroom||3 bedroom||4 bedroom|
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Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023
Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023 Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS...
California Buyers Still Can’t Afford Homes
The issue for California residential real estate remains the same. Poor affordability means that despite latent demand, buyers can’t afford the prices of homes in the Golden State. For that reason, many have left to find much cheaper homes in other states. Unemployment will likely be on the rise along with lower business profitability (tech sector continues to lay off workers) which means fewer buyers are likely for 3 to 6 months.
The stronger consumer optimism is running against sticky inflation and a likelihood the FED can’t lower interest rates. But will that discourage buyers in California? Demand is always intense in CA. No other place offers what California has, and buyers today do seem to put lifestyle at the top of their list.
The luxury housing market, like most other real estate sectors, is adjusting to a slowdown. Affordability and home size are every bit as much on wealthy buyers’ minds as other consumers. “The reality is we are coming out of one of the best real estate markets in history,” Gary Gold, a luxury property specialist with Coldwell Banker Realty in Beverly Hills, Calif., notes in the latest Coldwell Banker Global Luxury Trends Report. “But that level of demand and price appreciation wasn’t sustainable.”
Nearly 90% of respondents to the Coldwell Banker survey say they believe the real estate market will be better than or the same as 2022 for property investment. The following emerging trends were noted in the report.