Parker, Colorado Housing Market Prices
Parker Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 66% above the Colorado median$802,524
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Median rent 17% above the Colorado median$2,058
Housing Market Overview
| Metric | Parker | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $802,524 | $484,034 | $248,835 |
| Price Trend (Annual %) | 14.5% | 10.4% | 7.5% |
| Median Gross Rent | $2,058 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Parker is about 66% higher than in Colorado. Rent is about 17% higher than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Parker, up about 14.5% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Parker rose about 63.4% between 2015 and 2024, from $1,259 to $2,058. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Parker.
Buying the median-priced home in Parker costs roughly 32.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Parker. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Parker | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $802,524 | $484,034 | $248,835 |
| Median Household Income | $127,997 | $95,803 | $80,455 |
| Price-to-Income Ratio | 6.3 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Parker rose about 296.8%, while median household income rose about 40.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Parker | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.6% | 60.7% | 58.5% |
| Rental Rate | 26.7% | 31.0% | 31.2% |
| Vacancy Rate | 2.6% | 8.3% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Parker has a homeownership rate of 70.6%, higher than the Colorado average of 60.7%. Its housing vacancy rate is 2.6%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Parker | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 2002 | 1985 | 1978 |
| Median Number of Rooms | 6.6 | 5.7 | 5.5 |
The typical housing unit in Parker was built around 2002. On average, 2.7 people live in a home with about 6.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Parker, Colorado.
What is the median home price in Parker, Colorado?
The median home price in Parker, Colorado is $802,524, higher than the Colorado average of $484,034.
What is the average home price in Parker, Colorado?
The typical home price in Parker, Colorado, reported as the median sale price, is $802,524. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Parker, Colorado?
The median gross rent in Parker, Colorado is $2,058 per month, higher than the Colorado average of $1,761.
What was the median gross rent in Parker in 2020?
In 2020, the median gross rent in Parker, Colorado was $1,623 per month.
What is the price-to-rent ratio in Parker, Colorado?
The price-to-rent ratio in Parker, Colorado is about 32.5, meaning it would take roughly 32.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Parker.
Are home prices or rent rising faster in Parker, Colorado?
Both home prices and rent are rising in Parker, up about 14.5% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Parker, Colorado?
70.6% of households in Parker, Colorado own their home, higher than the Colorado average of 60.7%.
What is the vacancy rate in Parker, Colorado?
The housing vacancy rate in Parker, Colorado is 2.6%, lower than the Colorado average of 8.3%.
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