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Only a few years ago Parker, Colorado was considered off the beaten path but has now blossomed into one of Denver’s finest suburbs. Parker is now the second most populated town in Douglas County, behind Castle Rock. New construction and a modernized main street downtown is luring home buyers from all over Colorado and beyond.

The addition of shopping centers, several new-construction neighborhoods, and can’t miss Parker Days has transformed a tiny suburb into one of the most popular areas for families looking to live and play outside of Denver. Parker Real Estate is booming. Don’t let a hot market and great Parker neighborhoods pass you by, as a buyer or seller.

Parker Real Estate Demographics

  • Population: 62,442

  • Median Age: 35.3

  • Homeowners: 85.39%

  • Married: 61.31%

  • High School Degree or Higher: 22.3%

  • Bachelor’s Degree or Higher: 32.27%

  • Median Home Price: $683,000

  • Median Household Income: $114,802

  • Unemployment: 2.9%

  • Driving Distance Denver Tech Center: 14 mi

  • Driving Distance Downtown Denver: 25 mi

Quick Takeaways from Parker Demographics

Parker is a mix of both young and old though the town is getting younger by the year. Many new residents are young married families with children which makes single-family housing the most popular. You can’t miss that Parker’s households earn well over six figures which is necessary for the town’s cost of living and housing expenses. Parker residents are working and spending money.

Parker Real Estate Trends

The main trend in Parker is one word – growth. Because Parker is full of young families, single-family residences are the hottest commodity. Real estate buyers  in Parker are looking for property close to amenities, close to outdoor recreation, and close to the avenues for travel and commuting.

Parker mirrors several other Denver suburbs with a high cost of living index rating of 142.2 by Sperling’s Best Places, compared to the national average of 100. Transportation and miscellaneous expenses account for the high cost of living but the real killer is housing at 252.3 (100 national average.) Parker’s higher than average household income helps absorb higher costs – but it’s a tough place to afford a home.

Parker is a great place to get an education. According to education resource The Best Schools, the Parker area averages an 8 out of 10 across all levels. Best School’s rankings are determined by a mixture of data including graduation rates, teacher to student ratio, admission and enrollment rates, and much more. Parker also hosts several private school options for different tastes and education mindsets.

Where Does Parker Hang Out?

If you’re buying or selling Parker Real estate, what is there for potential buyers to do?

Though Parker is primarily a suburb there are plenty of outdoor parks and recreation, miles of hiking and biking trails, restaurants, and multiple shopping centers where residents can buy groceries and take care of any errand imaginable.

Downtown Parker has also seen growth with several revitalized storefronts and locally owned shops from florists to crafts to appeal to everyone’s tastes. The popular Parker Recreation Center provides basketball courts, swimming pools, weight rooms, trainer-led classes and much more. Parker offers a variety of late-night activities, multiple breweries, a few pubs and a variety of music venues.

Last but not least, once a year Parker throws a huge 3-day concert and fair known as Parker Days. You can catch touring and local acts, ride rides, check out local vendors, and have some delicious fair food.

Buying Real Estate in Parker

As the cost of living index shows, you need deeper than average pockets to purchase property and housing in Parker. Why the soaring prices? New construction hasn’t met the new population’s demand making the market in Parker remarkably fierce. It’s imperative you work with an experienced real estate agent when looking to buy in this competitive market.

Selling Real Estate in Parker

While Parker’s inventory continues to be tight, price increases have slowed. However, in part due to interest rates, buyers are sitting on the sideline waiting for “just the right house” for their family. While we’ve said this previously, it’s imperative that serious sellers work with a real estate agent that will help you price the property to sell to reduce time on market. Setting realistic expectations will help ensure a less stressful sales process.

Closing the Deal in Parker

The population growth, a family-oriented community and low inventory makes Parker another Colorado market where hiring an experienced real estate agent to help you buy or sell will ensure less stress a well negotiated deal for buyers and maximum return on the investment for sellers.