Market Overview
Home Prices in Parowan, UT
The median home value in Parowan, UT is $408,162 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parowan are priced0% below average. Parowan is part of the Cedar City, UT metro area.
Over the past five years, Parowan home values have risen by approximately29.1%, reflecting strong long-term appreciation in this market.
Price History
Parowan Home Price Trend
City Comparison
Parowan vs. National Median
At $408,162, homes in Parowan cost 0% below the national median of $410,000. This makes Parowan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parowan?
20% Down Payment
$81,632
on $408,162
Monthly P&I
$2,129/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,704/mo
incl. taxes & insurance
Income Needed
$108,160
gross annual (30% rule)
10% Down Option
$40,816
+ PMI applies
Loan Amount (20% dn)
$326,530
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Parowan, UT?
The median home value in Parowan is $408,162 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Parowan?
Over the past year, home values in Parowan have increased by 2%. Over five years, prices have risen approximately 29.1%.
How much do I need to earn to buy a home in Parowan?
To comfortably afford the median home price of $408,162 with a 20% down payment ($81,632) at today's rates (6.8%), you'd need a gross annual income of approximately $108,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Parowan compare to the national average home price?
The national median home value is approximately $410,000. At $408,162, homes in Parowan are 0% below the national average.
What metro area is Parowan part of?
Parowan is part of the Cedar City, UT metropolitan area. Home prices and market conditions can vary across the broader metro region.