HomeUtahIron CountyParowan city
Parowan city, Utah: commercial real estate data.
Parowan city is a Census city of 3,165 people across 6.88 square miles of land, in Iron County. Median household income is $53,145, 73.1 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $2.4 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Parowan
What Parowan is
- Census place typecity
- Land area6.88 sq mi
- Water area0 sq mi
- Population per square mile of land460
- County holding the largest share of its areaIron County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parowan
How many people live in Parowan
- Population3,165
- Median age39.0
- Population under 18954 plus or minus 251
- Share under 1830.1 percent plus or minus 7.9
- Population 65 and over572 plus or minus 176
- Share 65 and over18.1 percent plus or minus 5.6
- Households1,096
- Family households668 plus or minus 136
- Share of households that are families60.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parowan
Income and work in Parowan
- Median household income$53,145 plus or minus $12,819
- Per capita income$24,605 plus or minus $5,040
- Civilian labor force1,298
- Employed1,186
- Unemployed112 plus or minus 97
- Unemployment rate8.6 percent plus or minus 7.4
- Adults 25 and over1,980
- Adults 25 and over with a high school diploma or higher93.1 percent
- Adults 25 and over with a bachelor degree or higher23.7 percent plus or minus 4.9
- Adults 25 and over with a graduate degree5.9 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parowan
Housing in Parowan
- Housing units1,356
- Occupied units1,096
- Vacant units260 plus or minus 90
- Vacancy rate19.2 percent plus or minus 6.1
- Owner occupied801
- Renter occupied295 plus or minus 145
- Ownership rate73.1 percent
- Median owner-occupied home value$343,400
- Median gross rent, monthly$1,013 plus or minus $370
- Annual rent as a share of median income22.9 percent plus or minus 10.0
- Single family units1,065
- Share single family78.5 percent
- Units in buildings of two or more72 plus or minus 54
- Share in buildings of two or more5.3 percent plus or minus 3.9
- Mobile homes197 plus or minus 111
- Median year structure built1986
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parowan
How Parowan gets to work
- Workers 16 and over who commute834
- Commuting under 15 minutes211 plus or minus 86
- Share commuting under 15 minutes25.3 percent plus or minus 9.6
- Commuting 30 minutes or more318 plus or minus 144
- Share commuting 30 minutes or more38.1 percent plus or minus 16.4
- Drove alone72.3 percent
- Carpooled3.3 percent plus or minus 3.2
- Public transport0.3 percent plus or minus 0.5
- Walked0.0 percent
- Worked from home24.1 percent plus or minus 13.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parowan
SBA loans in Parowan (7(a))
- Approvals7
- Gross approval$2,445,900
- Average approval$349,414
- Median approval$326,300
- Ninetieth percentile approval$1,000,000
- Largest approval$1,000,000
- Jobs supported87
- Jobs per approval12.4
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term84 months
- Share on real estate terms of 20 years or more28.6 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS6
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Parowan
SBA loans in Parowan (504)
- Approvals4
- Gross approval$1,769,000
- Average approval$442,250
- Median approval$293,000
- Largest approval$998,000
- Jobs supported15
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Iron County, not Parowan
Iron County context, not Parowan figures
These are Iron County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Parowan measurements.
- Establishments in Iron County1,935
- Employment at those establishments, Iron County18,547
- Covered employment, Iron County24,829
- Average annual pay, Iron County$48,239
- Average weekly wage, Iron County$928
- Housing units permitted, Iron County655
- Of those, single family, Iron County655
- County product, 2024, Iron County$3,193,337,000
- County product change over the prior year, Iron County3.4 percent
- Average income of an arriving household, Iron County$67,125
Every figure in this section is published for Iron County as a whole and is not a measurement of Parowan. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Parowan questions, answered from the record.
How many people live in Parowan, Utah?
3,165, in 1,096 households. Parowan city covers 6.88 square miles of land, which is 460 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Parowan in?
Iron County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Parowan?
$53,145. The median owner-occupied home is valued at $343,400. Median gross rent is $1,013 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Parowan businesses?
7 7(a) approvals totalling $2.4 m, across 4 lenders, median approval $326,300, plus 4 504 approvals worth $1.8 m. These count approvals to borrowers whose address is in Parowan, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Parowan borrowers get paid back?
No rate is published for Parowan. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Parowan figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Iron County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Parowan.
Is zoning published for Parowan?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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