Paradise, TX—76073
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paradise, TX
As of Oct '25, the median home price in Paradise, TX is $451,000, with a year-over-year change of -2.6%. This indicates that home prices in Paradise, TX are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $451,000 | -2.6% |
| Single Family | $451,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $454,000 | -1.9% |
4 Bed | $504,000 | -4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Paradise, TX
As of July '25, Rentcast reports the average rent in Paradise, TX is $2,170, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Paradise, TX is 2-bedrooms: $1,650, 3-bedrooms: $2,420. The most common rental property sizes in Paradise, TX are 3-bedroom and 2-bedroom, accounting for 49.5% and 43.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,650 | $1,650 |
| 3 Bed Rent | $1,850 | $2,420 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Paradise, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Paradise, TX is 100. This is a increase of 56.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $485,000 | 2.0% |
Listing Count | 59 | 8.0% |
| Listings as % of Homes | 1.5% | 8.0% |
Days on Market | 100 | 56.0% |
Demographics — Paradise, TX
As of the latest ACS Survey released in 2023, Paradise, TX has a population of 7,270, which has increased by 25.9% over the past 5 years. Paradise, TX is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,270 | 25.9% |
% Under 18 | 23.4% | -13.3% |
% Seniors | 17.0% | 31.8% |
% WFH | 6.3% | -19.2% |
% w/ College Degree | 23.1% | 54.0% |
As of the latest ACS Survey released in 2023, Paradise, TX is a predominantly white area, with 84.5% of the population identifying as white. The white population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Paradise, TX is hispanic, making up 10.4% of the population. Foreign-born residents account for 2.3% of the population in Paradise, TX, and this percentage has decreased by 57.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.5% | 4.4% |
% Black | 0.7% | ∞% |
% Hispanic | 10.4% | -37.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.3% | -57.4% |
Mortgage and Risk — Paradise, TX
According to HUD data as of 2023, there were 111 mortgage originations in Paradise, TX, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Paradise, TX. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Paradise, TX
Paradise, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | -$470 | $1,650 | $1,180 |
| 3 Bedroom | -$200 | $1,850 | $1,650 |
| 4 Bedroom | N/A | N/A | $1,880 |
Affordability — Paradise, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $451,000 |
| Median Household Income | $110,000 |