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