Cost of Living in Parker County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Parker County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Parker County ranks #2,941 of 3,142 counties for affordability (bottom 6%)
Sourced county brief
Parker County Median Monthly Owner Costs Reach $1,730
Median selected monthly owner costs in Parker County were $1,730, which is $853 higher than the Texas unweighted county mean of $877. The median home value was $375,900, compared to the state unweighted county mean of $185,237. For renters, the median gross rent was $1,500 per month, which is $505 above the Texas unweighted county mean of $995. The official gross rent as a percentage of household income (GRAPI) was 31.6%. This canonical rent-to-income percentage, reported in official ACS table B25071, is 4.7 percentage points higher than the state unweighted county mean of 26.9%. The median income for renter households was $52,488. These figures from the 2020-2024 ACS 5-Year Estimates provide a snapshot of housing costs for different tenure groups in the county. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Parker County
Affordability Verdict
ACS B25071 estimates median gross rent at 31.6% of renter household income in Parker County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,500 per month; median selected monthly owner costs are $1,730. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $60,000 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Texas unweighted mean of county median rents is $995 per month. Parker County's $1,500 median is 50.8% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Parker County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$2,437
per month
Owner Cost Burden
19.9%
of gross income
The median home in Parker County may be a stretch
Median home value is $375,900. Estimated monthly cost: $3,001 vs. your max of $2,437.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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