Quick facts: Parker, SD

Quick Facts

98.4
Cost of Living
below US average
1,221
Population
8.19
Crime Rate per 1000
below US average
$83,864
Median Income
above US average
$295,000
Median House Price
above US average
$1139
Average Rent
below US average
5%
Poverty Rate
below US average
2.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $83,864.

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Income Needed to Buy

βœ— Stretch
$93k/year
Based on $295,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $93k vs median $83,864
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Income Needed to Rent

βœ“ Affordable
$49k/year
Based on $1139/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($83,864) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Parker, SD

Parker is a small city located in Turner County in the southeastern part of South Dakota, USA. With a population of around 1,200 residents, Parker offers a tight-knit community atmosphere. Established in the late 19th century, the city features a mix of historical charm and modern amenities. The landscape around Parker is characterized by rolling plains and agricultural land, typical of South Dakota's rural setting. The city is known for its friendly small-town vibe, making it a pleasant place for families and retirees alike. Outdoor enthusiasts can enjoy various recreational activities, including hiking and biking, with several parks available for public use. Parker hosts several community events throughout the year, fostering a strong sense of community. The local economy is primarily driven by agriculture, with many residents involved in farming or related industries. Educational facilities in Parker, including a local school district, provide quality education to the youth. Despite its small size, Parker is well-positioned within driving distance of larger cities like Sioux Falls, allowing residents to access additional services, shopping, and entertainment options. Overall, Parker is a quaint, welcoming city that embodies the spirit of South Dakota living.

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