Paradise, PA 17562 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Paradise, PA—17562

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$473,000

4.6% YoY Growth

Household Income

$105,000

69.3% YoY Growth

Days on Market

87.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$1,640

24.6% YoY Growth

1-Bed Rent

$1,400

N/A

2-Bed Rent

$1,640

31.7% YoY Growth

3-Bed Rent

$1,800

11.5% YoY Growth

Home Price Trends — Paradise, PA

As of May '26, the median home price in Paradise, PA is $473,000, with a year-over-year change of 4.6%. This indicates that home prices in Paradise, PA are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$473,000	4.6%
Single Family	$474,000	4.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.2%

1 Bedroom

19.0%

2 Bedrooms

34.1%

3 Bedrooms

18.6%

4 Bedrooms

21.5%

5+ Bedrooms

4.7%

Property Listings — Paradise, PA

As of May '26, Realtor.com reports that the median days on market for a home in Paradise, PA is 16. This is a increase of 87.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	72.0%
Listing Count	7	150.0%
Listings as % of Homes	0.2%	150.0%
Days on Market	16	87.0%

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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%

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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%

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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%

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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

Paradise, PA—17562

Key Metrics at a Glance

Home Price Trends — Paradise, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Paradise, PA

% of Rental Stock

Property Listings — Paradise, PA

Demographics — Paradise, PA

Race and Ethnicity

Mortgage and Risk — Paradise, PA

Mortgages

Rentals and Section 8 — Paradise, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Paradise, PA

Home Price to Income Ratio

Paradise, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Gordonville, PA

Gap, PA

Ronks, PA

Strasburg, PA

Christiana, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$473,000
Median Household Income	$105,000

Paradise, PA—17562

Key Metrics at a Glance

Home Price Trends — Paradise, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Paradise, PA

% of Rental Stock

Property Listings — Paradise, PA

Demographics — Paradise, PA

Race and Ethnicity

Mortgage and Risk — Paradise, PA

Mortgages

Rentals and Section 8 — Paradise, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Paradise, PA

Home Price to Income Ratio

Paradise, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Gordonville, PA

Gap, PA

Ronks, PA

Strasburg, PA

Christiana, PA

Frequently Asked Questions

What is the average home price in Paradise, PA 17562?

How have home prices in Paradise, PA 17562 changed over the past year?

What is the home price projection for Paradise, PA 17562?

What are the demographics of Paradise, PA 17562?

How long does it take homes to sell in Paradise, PA 17562?

What is the average rent price in Paradise, PA 17562?