Parker City, IN
Population 1,236 · Indiana
About Parker City, IN
Parker City is a small town located in Indiana with a population of 1,236 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,875 per year, which is 24% below the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Parker City features a median home value of $91,700, which is 63% below the national median of $244,900. This makes Parker City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $796, 32% below the national average of $1,163/month. Of the 513 total housing units, 72% are owner-occupied (316 units) and 28% are renter-occupied (125 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Parker City shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.0%, above the national average of 12.4%. Workers in Parker City have an average one-way commute time of 32.7 minutes.
Education & Demographics
11.1% of Parker City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.8% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Parker City, IN
Compared to national averages, Parker City has a median household income of $56,875 (24% below the national median of $75,149). Home values average $91,700, which is 63% below the national median. Monthly rent at $796 is 32% below the US average of $1,163. Within Indiana, Parker City's income is 18% below the state average of $69,330, and home values are 44% below the state median of $163,409.
Why Live in Parker City, IN?
Parker City offers affordable housing with a median home value of $91,700, below the US average of $244,900, and rent that’s lower than the national average at $796/month.
Potential considerations include median household income ($56,875) that falls below the national average. However, Parker City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parker City has a population of 1,236 with a median age of 37.4 years. Compare Parker City with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Parker City
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Summitville | 1,233 | $57,000 | $89,000 | Compare |
| Owensville | 1,232 | $57,438 | $114,800 | Compare |
| Hudson Lake | 1,245 | $95,116 | $163,500 | Compare |
| Jamestown | 1,225 | $70,083 | $180,400 | Compare |
| Grabill | 1,248 | $62,788 | $152,400 | Compare |
| Wanatah | 1,248 | $60,938 | $191,200 | Compare |
| Koontz Lake | 1,217 | $78,081 | $124,500 | Compare |
| Prince's Lakes | 1,257 | $93,125 | $228,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Parker City With Other Cities
Frequently Asked Questions about Parker City
What is the population of Parker City, IN?
The population of Parker City, IN is 1,236 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Parker City?
The median household income in Parker City, IN is $56,875 per year, which is 24% below the national median of $75,149.
What is the median home value in Parker City?
The median home value in Parker City, IN is $91,700, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parker City?
The median monthly rent in Parker City, IN is $796, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Parker City?
The unemployment rate in Parker City, IN is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Parker City, IN a good place to live?
Parker City offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,236 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Parker City, IN?
11.1% of residents in Parker City aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Parker City?
Key cost-of-living indicators for Parker City, IN: median home value is $91,700 (63% below national), median rent is $796/month, and median household income is $56,875. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parker City?
The poverty rate in Parker City, IN is 20.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Parker City, IN?
Parker City's population is 1.8% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.