Market Overview
Home Prices in Parker, AZ
The median home value in Parker, AZ is $356,528 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.7% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parker are priced13% below average.
Over the past five years, Parker home values have risen by approximately27.7%, reflecting strong long-term appreciation in this market.
Price History
Parker Home Price Trend
2020
$226,823
$227K
—
2021
$279,232
$279K
+23.1%
2022
$345,121
$345K
+23.6%
2023
$343,439
$343K
-0.5%
2024
$361,269
$361K
+5.2%
2025
$362,757
$363K
+0.4%
2026
$356,528
$357K
-1.7%
City Comparison
Parker vs. National Median
🏠 Parker
$356,528
National Median
$410,000
At $356,528, homes in Parker cost 13% below the national median of $410,000. This makes Parker a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parker?
20% Down Payment
$71,306
on $356,528
Monthly P&I
$1,859/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,361/mo
incl. taxes & insurance
Income Needed
$94,440
gross annual (30% rule)
10% Down Option
$35,653
+ PMI applies
Loan Amount (20% dn)
$285,222
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Parker, AZ?
The median home value in Parker is $356,528 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.7% year-over-year.
How much have home prices changed in Parker?
Over the past year, home values in Parker have decreased by 1.7%. Over five years, prices have risen approximately 27.7%.
How much do I need to earn to buy a home in Parker?
To comfortably afford the median home price of $356,528 with a 20% down payment ($71,306) at today's rates (6.8%), you'd need a gross annual income of approximately $94,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Parker compare to the national average home price?
The national median home value is approximately $410,000. At $356,528, homes in Parker are 13% below the national average.