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Affordable
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These days, finding an affordable place to live in the Parachute area can be challenging. Home prices in Parachute are now at a median cost of $304,042, lower than the Colorado average of $579,698.
The average cost of rent is $1,119/mo in Parachute, primarily driven by the current value of real estate in the Parachute area. In Parachute, 40.70% of households rent, and 41.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parachute is $5,338 per month. Households that rent pay about 20.97% of their income on rent here. Parachute’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Battlement Mesa, CO: equally priced homes
- Rulison, CO: higher priced homes
- DeBeque, CO: higher priced homes
- Plateau City, CO: higher priced homes
- Rifle, CO: higher priced homes
- Collbran, CO: higher priced homes
- Molina, CO: higher priced homes
- Silt, CO: higher priced homes
- Mesa, CO: higher priced homes
- Rio Blanco, CO: higher priced homes
Cities with Similar Populations
- Marion, PA: less expensive homes
- Sophia, WV: less expensive homes
- Smarr, GA: equally priced homes
- Parkers Corners, MI: equally priced homes
- Norway, SC: less expensive homes
- Miami, AZ: less expensive homes
- Medicine Park, OK: equally priced homes
- McDonalds Mill, VA: higher priced homes
- Masontown, WV: less expensive homes
- Springfield, SC: less expensive homes
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