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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 60,313 people, 20,083 houses or apartments, and a median cost of homes of $643,046, real estate costs in Parker are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.
Single-family detached homes are the single most common housing type in Parker, accounting for 71.46% of the town's housing units. Other types of housing that are prevalent in Parker include large apartment complexes or high rise apartments ( 22.67%), row houses and other attached homes ( 4.93%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Parker. Owner-occupied housing accounts for 74.82% of Parker's homes, and 56.51% have either three or four bedrooms, which is average sized relative to America.
Parker homes and real estate are some of the newest in America. 56.99% of Parker's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Parker real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.73%), and between 1940-1969 ( 0.91%).
In the last 10 years, Parker has experienced some of the highest home appreciation rates of any community in the nation. Parker real estate appreciated 119.27% over the last ten years, which is an average annual home appreciation rate of 8.17%, putting Parker in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Parker definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Parker appreciation rates have trailed the rest of the nation. In the last twelve months, Parker's appreciation rate has been 6.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Parker were at -4.13%, which equates to an annual appreciation rate of -15.53%.
Notably, Parker's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Colorado, our data show that Parker's latest annual appreciation rate is lower than 80% of the other cities and towns in Colorado.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Parker differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Parker - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Parker real estate investment or home purchase decisions.
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