Parker is a medium-sized town located in the state of Colorado, only 25 minutes away from Downtown Denver. With a population of 49,550 people and 16 constituent neighborhoods, Parker is the 19th largest community in Colorado.
Parker home prices are not only among the most expensive in Colorado, but Parker real estate also consistently ranks among the most expensive in America.
Parker is a decidedly white-collar town, with fully 89.44% of the workforce employed in white-collar jobs, well above the national average. Overall, Parker is a town of managers, professionals, and sales and office workers. There are especially a lot of people living in Parker who work in management occupations (16.87%), office and administrative support (12.88%), and sales jobs (11.34%).
Living in Parker
Because of many things, Parker is a great place for families with children to consider. First of all, many other families with children live here, making Parker a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Parker has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Parker’s overall crime rate is lower than average for the country.
53.07% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Parker in 2010 was $38,256, which is wealthy relative to Colorado and the nation. This equates to an annual income of $153,024 for a family of four.
PARKER HOUSING MARKET INFORMATION
With a population of 49,550, 16,477 total housing units (homes and apartments), and a median house value of $456,647, Parker house prices are not only among the most expensive in Colorado, Parker real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Parker, accounting for 76.94% of the town’s housing units. Other types of housing that are prevalent in Parker include large apartment complexes or high rise apartments ( 17.48%), row houses and other attached homes ( 4.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.12%).
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 79.27% of Parker’s homes, and 63.60% have either three or four bedrooms, which is average sized relative to America.
PARKER HOME APPRECIATION RATES
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 41.29% over the last ten years, which is an average annual home appreciation rate of 3.52%, putting Parker in the top 10% 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.
Appreciation rates are so strong in Parker that despite a nationwide downturn in the housing market, Parker real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Parker appreciation rates continue to be some of the highest in America, at 10.76%, which is higher than appreciation rates in 94.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Parker. Parker appreciation rates in the latest quarter were at 3.96%, which equates to an annual appreciation rate of 16.80%.
Importantly, this makes Parker one of the highest appreciating communities in the nation for the latest quarter, and may signal the town’s near-future real estate investment strength.
Relative to Colorado, our data show that Parker’s latest annual appreciation rate is higher than 70% of the other cities and towns in Colorado.
Parker’s Outdoor Activities
Exciting new developments for our community and outdoor enthusiasts!
During the summer of 2015, the City of Parker and the Castle Pines City Council approved an Intergovernmental Agreement to join the Rueter-Hess Recreation Authority and partner with Parker, Castle Rock, Lone Tree, Douglas County and the Parker Water and Sanitation District to provide recreation opportunities to the public at the Rueter-Hess Reservoir.
The vision is for the reservoir be “quiet”, “calm”, “tranquil” and “serene”. There will be non-motorized boats (kayaks, canoes, etc.). Fishing, camping, and hiking will also be available. However, since the reservoir is mainly used for drinking water, motorized boating and swimming will not be allowed.
Latest Update – Reserve your paddle board experience at the Hess Reservoir now!