How many renters live in Parker, Colorado?
The City of Parker has people living in households.
There are renters living in renter households in this City. Renters make up 21.89 percent of the population living in Parker.
What is the rental market like in Parker, Colorado?
There are an estimated housing units in the Parker area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Parker, Colorado, there are 1.13 rental units.
What is the vacancy rate for rentals in Parker?
The rental vacancy rate in Parker is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
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 |
|---|---|---|---|---|
| 342 | 1,831 | 1,799 | 1,016 | 263 |
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 Much Is Rent in Parker
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,658 to $3,225. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,658 |
| One BR | $1,835 |
| Two BR | $2,201 |
| Three BR | $2,874 |
| Four BR | $3,225 |
2024 Fair Market Rents in Parker, Colorado
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 | 54 | 16 percent |
| One BR | 387 | 21 percent |
| Two BR | 145 | 8 percent |
Rental Units Below FMR in Parker, Colorado
How many affordable rental units are in Parker?
There are a variety of federal affordable housing programs serving households in Parker, Colorado including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Parker, Colorado
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Parker, Colorado
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, Colorado
There are 312 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Parker.
Housing Choice Vouchers in Parker, Colorado
On average, Section 8 Housing Choice vouchers pay Parker landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Parker.
The maximum amount a voucher would pay on behalf of a low-income tenant in Parker, Colorado for a two-bedroom apartment is between $1,981 and $2,421.
Sourced from federal housing data and AffordableHousingOnline.com research.