Why Invest In Parker?

Parker Real Estate

Parker, Colorado, a boomtown over the past few decades, is attractive to real estate investors for many reasons including its close proximity to the city of Denver, its highly-educated population, its elevated median household income, and its quaint small-town feeling.

Only a few decades ago, Parker was considered a rural equestrian area. The town consisted of a country market, a two-lane highway, and a few locally owned businesses. Today, there are over 70,000 in the greater Parker area and approximately 41,600 people living within town boundaries. From 1981 to 2005, the Town of Parker grew from a population of 285 to a current population of 41,600. Projections from the Town of Parker show that the population will further grow to over 52,000 in 2010, close to 60,000 in 2015, and to 72,000 in 2030. Eventually, the Town of Parker will have a population of around 85,000 while the greater Parker area will reach close to 150,000 people. These growth projections make Parker an attractive place to invest in real estate for long-term equity gains.

Parker is due for an increase in property values over the next few decades as more people move into the area. Parker is located right off of E-470, I-25, and U.S. Highway 83, which centers it in an ideal location to capitalize on the entire Denver metro area´s growth.

Why buy Parker real estate? Why relocate to Parker?

Investors looking at the Parker real estate market have many different options to choose from in the communities of Pradera, where the 2006 Parade of Homes was held, Stonegate, The Pinery, Stroh Ranch, Canterberry Crossing, Auburn Hills, Bradbury Ranch, Clarke Farms, The Timbers, Hidden River, NeuTowne at Parker, Cottonwood, and Meridian. While single-family homes primarily dominate the Parker landscape, there are also many condominiums available for investors.

Parker´s Economy

Parker´s economy is based primarily on Denver´s economy with the majority (78%) of residents commuting to companies located in downtown Denver or in the Denver tech center. The Town of Parker, which employs 350 people, is one of the largest employers in Parker. Parker residents, who work in mainly professional, sales, managerial, or technical positions, have a median household income of around $83,000 per year.

Although many large corporations are within a 15-minute drive of the Parker area, there are plenty of local amenities built on 2.2 million square feet of retail space. Parker is also home to the new Parker Adventist Hospital and borders the top-notch Sky Ridge Hospital in Lone Tree.

Parker Rental Market

Some Parker residents, who are weary of the sluggish housing market, are choosing to rent and enter the housing market later. This is optimal for investors wishing to rent properties. According to Apartmentratings.com, a one-bedroom apartment in the Parker area currently rents from $738 to $851 per month.

For more information on investing in Parker real estate please contact TeamCox Realtors – your Denver real estate specialists – at 303-400-6060. Our team´s office is located only minutes from the vicinity so we have extensive knowledge of the entire Parker area.