How many renters live in Parker, Arizona?
The City of Parker has 3,357 people living in 1,395 households.
There are 1,165 renters living in 542 renter households in this City. Renters make up 34.7 percent of the population living in Parker.
What is the rental market like in Parker, Arizona?
There are an estimated 1,507 housing units in the Parker area. Of these, 556 units are rental homes, making up 37 percent of the housing market. For every renter household in Parker, Arizona, there are 1 rental units.
What is the vacancy rate for rentals in Parker?
The rental vacancy rate in Parker is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Parker for each bedroom size?
Occupied Rental Units by Size in Parker
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 38 | 56 | 206 | 176 | 66 |
Occupied Rental Units by Size in Parker
A large number of apartments in Parker have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Parker are overburdened by housing costs?
Among renter households in this market, 29 percent have housing cost burden. Further, 13 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Parker
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $801 to $2,006. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $801 |
| One BR | $900 |
| Two BR | $1,182 |
| Three BR | $1,666 |
| Four BR | $2,006 |
2024 Fair Market Rents in Parker, Arizona
How many units are rented at Fair Market Rent (FMR) in Parker?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 38 | 100 percent |
| One BR | 36 | 64 percent |
| Two BR | 176 | 85 percent |
Rental Units Below FMR in Parker, Arizona
How many affordable rental units are in Parker?
Income Based Apartments in Parker, Arizona
Parker features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Parker, Arizona
There are 29 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parker.
Housing Choice Vouchers in Parker, Arizona
On average, Section 8 Housing Choice vouchers pay Parker landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Parker.
The maximum amount a voucher would pay on behalf of a low-income tenant in Parker, Arizona for a two-bedroom apartment is between $1,064 and $1,300.
Sourced from federal housing data and AffordableHousingOnline.com research.
