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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Parker, AZ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Parker, AZ Housing Market Trends

With 3,361 people, 1,395 houses or apartments, and a median cost of homes of $312,693, Parker real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Parker, accounting for 73.79% of the town's housing units. Other types of housing that are prevalent in Parker include mobile homes or trailers ( 10.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.77%), and a few large apartment complexes or high rise apartments ( 4.05%).

The most prevalent building size and type in Parker are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.62% owning and 40.38% renting.

There is a lot of housing in Parker built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Parker built between 1940-1969 ( 22.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.48%).

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 134.18% over the last ten years, which is an average annual home appreciation rate of 8.88%, 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.

Over the last year, Parker appreciation rates have trailed the rest of the nation. In the last twelve months, Parker's appreciation rate has been 3.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Parker were at -1.36%, which equates to an annual appreciation rate of -5.33%.

Notably, Parker's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arizona, our data show that Parker's latest annual appreciation rate is higher than 70% of the other cities and towns in Arizona.

Average Home Values

Median Home Value

$312,693

Parker, AZ Home Prices
> $1,418,000
$1,064,001 - $1,418,000
$709,001 - $1,064,000
$567,001 - $709,000
$425,001 - $567,000
$284,001 - $425,000
$142,001 - $284,000
$71,001 - $142,000
$0 - $71,000
0.6%
0.6%
0.0%
0.0%
3.5%
3.5%
0.0%
0.0%
18.5%
18.5%
35.9%
35.9%
22.7%
22.7%
13.3%
13.3%
5.4%
5.4%
0% 100.0%
% of Homes
High

for Arizona

High

for nation

Number of Homes And Apartments:

1,395

Parker Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,793 / per month

Homeownership Rate

Owners
Renters
59.6%
59.6%
40.4%
40.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.5%
10.5%
66.8%
66.8%
22.2%
22.2%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.8%
73.8%
3.6%
3.6%
6.8%
6.8%
4.0%
4.0%
10.8%
10.8%
0.9%
0.9%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.2%
3.2%
5.6%
5.6%
22.3%
22.3%
53.7%
53.7%
13.9%
13.9%
1.3%
1.3%
0% 100.0%
% of Homes

Popular Communities Near Parker, AZ

Zip Codes in Parker, AZ