Real Estate Investing in Parker, Arizona (85344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85344 (Parker, AZ)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 34.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parker, AZ (85344)?
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Market Analysis: 85344 Parker
Not every below-median market is a bargain. Parker's 85344 ZIP reflects signals that favor experienced operators who can absorb the risk $366K pricing implies.
The 85344 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within AZ, ZIP 85344 trails on several market indicators that neighboring La Paz County submarkets outperform. The gap is real and solid enough to shape underwriting.
Employment concentration in 85344 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 85344, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Parker:
Property Strategy for 85344
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $271,850 | $1,220 | 3.2% | +9.1% | $135,925 |
| 3BR | $426,184 | $1,700 | 2.9% | +9.2% | $142,061 |
| 4BR | $720,050 | $2,050 | 2.0% | +10.1% | $180,013 |
Market Trends
Home Value History (with trend line)
📊 How Does 85344 Compare?
| Metric | 85344 | Parker | Arizona |
|---|---|---|---|
| Home Value | $366,125 | $366,125 | $419,643 |
| 5-Year CAGR | 5.0% | 5.0% | 6.5% |
| Avg Rent | $1,098 | $1,098 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 85344 (Parker, AZ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $366,125 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 27.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 85344
Population: 9,069
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 85344
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Are homes affordable in Parker, AZ?
Homes in Parker, AZ typically sell near $366K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
How strong are rents in Parker, AZ?
Rents in Parker, AZ run near $1,098/mo. Compared with median home prices of $366K that produces solid gross yields for typical rentals.
Are tenants stable in Parker, AZ?
The renter base in Parker, AZ is reasonable for the $1,098/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is rental property easy to operate in Parker, AZ?
For rental operators, Parker, AZ rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What does house hacking look like in Parker, AZ?
Parker, AZ is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $366K price point reasonable to enter.
You know 85344 now. You don’t know where it ranks.
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