Parker, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Parker Neighborhoods Since 2000




Parker, AZ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Parker Housing Market Information

With 3,046 people, 995 houses or apartments, and a median cost of homes of $163,243, Parker real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Parker, accounting for 77.64% of the town's housing units. Other types of housing that are prevalent in Parker include large apartment complexes or high rise apartments ( 9.37%), duplexes, homes converted to apartments or other small apartment buildings ( 7.17%), and a few mobile homes or trailers ( 3.04%).

The most prevalent building size and type in Parker are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.21% owning and 37.79% renting.

There is a lot of housing in Parker built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Parker built between 1940-1969 ( 24.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.91%). There's also some housing in Parker built before 1939 ( 2.45%).

Vacant housing appears to be an issue in Parker. Fully 16.03% of the housing stock is classified as vacant. Left unchecked, vacant Parker homes and apartments can be a drag on the real estate market, holding Parker real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Parker Home Appreciation Rates

Parker's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Parker during the period has been just -1.14%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Parker's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Parker's appreciation rate has been 1.08%, which annualizes to a rate of 4.37%.

Relative to Arizona, our data show that Parker's latest annual appreciation rate is lower than 80% of the other cities and towns in Arizona.

Average Home Values

 

Median Home Value:
$163,243

Parker, AZ HOME PRICES

Value Range
> $1,298,000 0.0
$973,001 - $1,298,000 0.0
$649,001 - $973,000 0.6
$519,001 - $649,000 0.0
$389,001 - $519,000 2.5
$259,001 - $389,000 18.9
$130,001 - $259,000 44.5
$65,001 - $130,000 26.5
$0 - $65,000 7.0

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
44.3630610570725 41.2162162162162

Number Of Homes And Apartments:
995

Parker Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
116.69% 4.58% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$915 / per month

Homeownership Rate

Homeownership
Owners 62.21
Renters 37.79
Vacant 16.03

Housing Market Details

 

Age of Homes

AGE OF Parker HOMES
2000 or Newer 12.9
1970 - 1999 59.8
1940 - 1969 24.8
1939 or Older 2.4

Types of Homes

TYPE OF Parker HOMES
Single-Family 77.6
Townhomes 2.2
Small Apt. Buildings 7.2
Apt. Complexes 9.4
Mobile Homes 3.0
Other 0.6

Home Size

SIZE OF Parker HOMES
No Bedroom 0.42
1 Bedroom 10.04
2 Bedrooms 26.33
3 Bedrooms 44.64
4 Bedrooms 18.57
5 or more bedrooms 0.00

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Zip Codes in Parker, AZ