Quick facts: Parker, CO

Quick Facts

125.3
Cost of Living
above US average
61,222
Population
14.44
Crime Rate per 1000
below US average
$126,615
Median Income
above US average
$714,990
Median House Price
above US average
$2527.84
Average Rent
above US average
5%
Poverty Rate
below US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $126,615.

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Income Needed to Buy

βœ— Stretch
$224k/year
Based on $714,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $224k vs median $126,615
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Income Needed to Rent

βœ“ Affordable
$108k/year
Based on $2527.84/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($126,615) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Parker, CO

Parker, Colorado, is a charming suburban town located in Douglas County, about 20 miles southeast of Denver. With a population of around 60,000 residents, it boasts a perfect blend of small-town charm and access to urban amenities. The town is known for its picturesque landscapes, with the Rocky Mountains providing a stunning backdrop. Outdoor enthusiasts can enjoy numerous parks, trails, and recreational facilities, including the popular Parker Panters Park, which features sports fields and playgrounds. Parker's historic downtown area offers boutique shops, restaurants, and community events, including the annual Parker Days Festival, which celebrates the town's culture. The community is also rich in family-friendly activities, such as the Parker Farmer's Market and various seasonal events. Education is a priority in Parker, served by the Douglas County School District, known for its high-performing schools. With a low crime rate and a strong sense of community, Parker is an attractive place for families and professionals alike. Overall, Parker, CO, combines a high quality of life with access to outdoor adventures and close proximity to the conveniences of Denver, making it a desirable location to call home.

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