Parachute, CO—81635
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parachute, CO
As of Oct '25, the median home price in Parachute, CO is $412,000, with a year-over-year change of 2.0%. This indicates that home prices in Parachute, CO are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $412,000 | 2.0% |
| Single Family | $416,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $363,000 | 0.8% |
3 Bed | $405,000 | 2.0% |
4 Bed | $543,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parachute, CO
As of July '25, Rentcast reports the average rent in Parachute, CO is $1,890, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Parachute, CO is 2-bedrooms: $1,710, 3-bedrooms: $1,900, 4-bedrooms: $2,400. The most common rental property sizes in Parachute, CO are 2-bedroom and 1-bedroom, accounting for 57.0% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,950 | $1,710 |
| 3 Bed Rent | $1,700 | $1,900 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Parachute, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Parachute, CO is 72. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | -13.0% |
Listing Count | 62 | 22.0% |
| Listings as % of Homes | 0.9% | 22.0% |
Days on Market | 72 | 11.0% |
Demographics — Parachute, CO
As of the latest ACS Survey released in 2023, Parachute, CO has a population of 7,160, which has increased by 7.9% over the past 5 years. Parachute, CO is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,160 | 7.9% |
% Under 18 | 26.5% | -5.0% |
% Seniors | 15.6% | -2.5% |
% WFH | 8.1% | 107.7% |
% w/ College Degree | 23.8% | 6.7% |
As of the latest ACS Survey released in 2023, Parachute, CO is a predominantly white area, with 70.0% of the population identifying as white. The white population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Parachute, CO is hispanic, making up 24.5% of the population. Foreign-born residents account for 8.6% of the population in Parachute, CO, and this percentage has increased by 16.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.0% | 2.9% |
% Black | 0.4% | -20.0% |
% Hispanic | 24.5% | -5.8% |
% Asian | 1.5% | 114.3% |
% Foreign Born | 8.6% | 16.2% |
Mortgage and Risk — Parachute, CO
According to HUD data as of 2023, there were 164 mortgage originations in Parachute, CO, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Parachute, CO. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Parachute, CO
Parachute, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 111 |
Total Units Section 8 | 111 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,060 |
| 2 Bedroom | -$560 | $1,950 | $1,390 |
| 3 Bedroom | $250 | $1,700 | $1,950 |
| 4 Bedroom | -$200 | $2,400 | $2,200 |
Affordability — Parachute, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $412,000 |
| Median Household Income | $68,900 |