1031 Exchange Parker, Colorado

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Parker due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Parker, Colorado is a part of the Douglas County Submarket submarket area, and contains zip codes 80134 and 80138.

Parker Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Parker, CO submarket area was $1,553, which is 19.28% higher than 2014 average rent. This represents a compounded annual growth rate of 3.59%. 2019 vacancy in Parker, CO was 8.30%.

The total population of the city of Parker, CO has grown 22.82% since 2010. As of 2018, the population was 55,636. The median household income of the Parker was $110,779, which is 83.73% higher than the national average.

  • submarket area Douglas County Submarket
  • avg rent $1,553
  • rent growth 19.28%
  • vacancy 8.30%
  • median income $110,779
  • population (2018) 55,636
  • population growth 22.82%
  • vs. nat'l avg 83.73%
  • zip codes 80134 80138

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