Paramount home and condo appraisals for estates, trusts, and taxes
Former hay and dairy center turned compact suburb of modest homes
Paramount was created in 1948 when the communities of Hynes and Clearwater merged their post offices, and it incorporated in 1957 to avoid annexation by its neighbors. Once a regional hay and dairy market, it is now a compact city of homes and industry, and its families ask us for estate, trust, divorce, and Prop 19 valuations.
- Location
- Paramount is an incorporated city in the Gateway Cities region of Los Angeles County
- ZIP codes
- 90723
- Properties
- Single-family homes and condominiums
- Fees
- $449 Standard Desktop, $299 Basic Desktop
- Delivery
- 3+ business days
Homes in Paramount
Single-family houses on modest lots make up much of the residential area, and many have been enlarged over time. Apartments, townhomes, and condominiums add a large attached and rental segment. Renters occupy a majority of the city's homes, so owner-occupied single-family sales are a smaller slice of activity.
What moves value in Paramount
Paramount's position between the Long Beach, Century, and Artesia freeways supports demand from commuters, and buyers frequently compare it with Bellflower, Downey, and Lakewood. Industrial properties border some residential blocks and can affect them individually. Lot size, condition, permitted additions, and the number of units on a parcel drive most of the price differences.
Neighborhoods and tracts
- North Paramount
- South Paramount
- North of Somerset
- South of Somerset
- Downtown Paramount
Local reference points: The Hay Tree, a state historical landmark where hay traders once set daily prices, the Iceland skating rink operated by the Zamboni family since 1939, and Paramount Boulevard, the main north-south spine, are the city's signature references.
Appraisal considerations in Paramount
Blocks next to industrial operations may carry external obsolescence, and we test that with sales rather than assuming it. The Long Beach Freeway along the western border and the Century Freeway to the north affect nearby homes. Additions and converted garages should be verified against permits and county records.
Do industrial neighbors lower the value of a Paramount home in a trust?
They can, depending on the use, its distance, and how visible or audible it is from the home. We compare sales with similar adjacency against sales on interior residential streets to measure any effect. If no difference shows up in the data, we do not apply one.
Reports we prepare for Paramount properties
Each is a certified desktop appraisal of a single-family home or condominium, as of a current or past date.
- Date-of-Death Appraisals
- Step-Up in Basis Appraisals
- Trust Administration Appraisals
- Estate Settlement & Estate Tax Appraisals
- Gift Tax Appraisals
- Prop 19 Parent-Child Transfer Appraisals
- Divorce & Date-of-Separation Appraisals
- Family Sale & Co-Owner Buyout Appraisals
- Retrospective Appraisals
Reviewed November 2026.
Need a value for a Paramount property?
Send the address and the date the value is needed for. We confirm the property and the fee within one business day; the report is delivered in 3+ business days.