Paradise, PA—17562
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paradise, PA
As of Oct '25, the median home price in Paradise, PA is $463,000, with a year-over-year change of 5.0%. This indicates that home prices in Paradise, PA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $463,000 | 5.0% |
| Single Family | $464,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $350,000 | 2.0% |
3 Bed | $403,000 | 4.1% |
4 Bed | $528,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Paradise, PA
As of July '25, Rentcast reports the average rent in Paradise, PA is $1,670, with a year-over-year rent change of 24.6%. Per bedroom, the median rent as of July '25 in Paradise, PA is studios: $1,500, 1-bedrooms: $1,400, 2-bedrooms: $1,620, 3-bedrooms: $1,840, 4-bedrooms: $2,200. The most common rental property sizes in Paradise, PA are 2-bedroom and 4-bedroom, accounting for 34.1% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,670 |
| Studio Rent | $995 | $1,500 |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,640 | $1,620 |
| 3 Bed Rent | $1,800 | $1,840 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Paradise, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Paradise, PA is 27. This is a increase of 262.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 59.0% |
Listing Count | 5 | -29.0% |
| Listings as % of Homes | 0.2% | -29.0% |
Days on Market | 27 | 262.0% |
Demographics — Paradise, PA
As of the latest ACS Survey released in 2023, Paradise, PA has a population of 4,190, which has decreased by -7.9% over the past 5 years. Paradise, PA is a popular place for families, as children make up 37.7% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,190 | -7.9% |
% Under 18 | 37.7% | 14.9% |
% Seniors | 12.4% | -12.1% |
% WFH | 10.2% | 36.0% |
% w/ College Degree | 12.7% | 22.1% |
As of the latest ACS Survey released in 2023, Paradise, PA is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Paradise, PA is hispanic, making up 5.7% of the population. Foreign-born residents account for 1.7% of the population in Paradise, PA, and this percentage has increased by 6.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.9% | -1.8% |
% Black | 0.4% | -50.0% |
% Hispanic | 5.7% | 18.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.7% | 6.2% |
Mortgage and Risk — Paradise, PA
According to HUD data as of 2023, there were 63 mortgage originations in Paradise, PA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Paradise, PA. Investor activity is low, as 10.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 10.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Paradise, PA
As of 2024, the percent of homes in Paradise, PA under the Section 8 program is 1.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Paradise, PA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$350 | $1,400 | $1,050 |
| 2 Bedroom | -$320 | $1,640 | $1,320 |
| 3 Bedroom | -$80 | $1,800 | $1,720 |
| 4 Bedroom | -$450 | $2,200 | $1,750 |
Affordability — Paradise, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $463,000 |
| Median Household Income | $105,000 |