Parachute, CO is an attractive place to buy a home with its median value of $366,500 being significantly higher than the US median value of $338,100. In addition, the appreciation rate for housing in Parachute over the past year has been 15.74%, much higher than the national average of 8.27%. This indicates that investing in a property in Parachute could be a lucrative move, as it would likely continue increasing in value at a faster rate than elsewhere across the US.
The median home cost in Parachute is $366,500. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Parachute is up 19.7%.
Average Age of Homes
- The median age of Parachute real estate is 33 years old
The Rental Market in Parachute
- Renters make up 27.8% of the Parachute population
- 6.7% of houses and apartments in Parachute, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.