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Parker real estate market overview
- Average Monthly Rent: $1,937
- Home Price/Value Percentage Change: -1.60%
- Median Home Value: $698,309
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 25
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Parker is 20 miles southeast of Denver and a 58-mile drive to Colorado Springs, so it has the benefits of a big city with a suburban appeal. Founded in 1864, Parker is known for its beautiful Victorian downtown full of restaurants and shops. Many families and young professionals live in Parker, considering it's one of the best places to live in Colorado. With miles of paved trails for biking and walking, Parker is known for its year-round outdoor recreation. Top-rated schools including STEM, Charter and Academies also make it the perfect community to raise children.
Parker summers are warm and short, with cold and dry winters. The summer temperatures are in the 80's, with lows just under 60 degrees. Winter temperatures are in the 40's, with lows in the 20's.
Population, job market and cost of living
The Parker population in 2023 is 62,478, with a growth rate of 2.16%.
The job growth has decreased by -4.91% over the last year and in ten years, is predicted to have increased by 48.93%. The major industries are in retail trade, health care, social assistance and professional, scientific and technical services. For those working within the Denver area, the commute from Parker is short.
The cost of living is high, due to the Parker real estate market and cost of available housing. With an active outdoor lifestyle, enticing downtown, and opportunity for additional employment in nearby Denver, Parker will continue to grow and attract those that want a suburban lifestyle near a big city.
Parker real estate market details
- Bradbury Ranch
- Stroh Ranch
- Willow Ridge
- Reata North
- Canterberry Crossing
The average monthly rent in Parker is $1,937 for an average apartment size of 939 sq. feet.
There has been a -1.6% decrease in median home value over the last year. As of 2023, the median home value is $698,309.
On average, homes in Parker sell after 25 days on the market.
The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sell in July.
The affordability index in Parker is 142. This number indicates low affordability in this city.
The top ranked public schools are Parker Core Knowledge Charter School, Colorado Early Colleges Douglas County, Challenge To Excellence Charter School, Chaparral High School and Gold Rush Elementary School. This information is based on data measuring academic performance and equity.