ZIP Code · CO

ZIP 80138

Part of Parker, CO

Pop. 36,895·Douglas County·77th most expensive ZIP in Colorado

Median rent (all units)

$1,994/mo

Year-over-Year

-0.4%

Month-over-Month

+0.6%

vs US Median

+$62

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 80138 · $1,994

More expensive than 61% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,780

1 BR

$1,900

2 BR

$2,260

3 BR

$2,960

4 BR+

$3,300

Research median

$2,260/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 80138 usually run 2.2% below trend in December and 1.7% above it in August, about $78 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 80138 is 1.7% below its high of $2,028 in August 2025, at $1,994 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80138 changed -0.4% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($145,013) is $3,625 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,300).

From Zillow's monthly rent index (ZORI) for ZIP 80138. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,928/yr

At $1,994/mo median

Location

CityParker

StateCO

CountyDouglas County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.4% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 80138 (Parker, CO) is majority owner-occupied, has a median income above the national average, 51.1% of residents hold a bachelor's degree or higher.

Population

36,895

Median income

$145,013

Median age

40.2

Renters

20.6%

Age distribution

24.1%

18.9%

29.3%

13.6%

14%

Under 1824.1%

18–3418.9%

35–5429.3%

55–6413.6%

65+14%

Gender

51.7%

48.3%

Male51.7%

Female48.3%

Race & ethnicity

78.1%

12.1%

White78.1%

Black1.7%

Hispanic12.1%

Asian4%

Other4.1%

Education (25+)

15.8%

27.9%

51.1%

No HS diploma5.3%

HS diploma15.8%

Some college27.9%

Bachelor's+51.1%

Housing tenure

79.4%

20.6%

Owner79.4%

Renter20.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 80138 in Parker, CO has changed in 5 years

Rent

$1,637 → $1,994

up 21.8%

Income

$133,095 → $145,013

up 9.0%

Population

34,259 → 36,895

up 7.7%

Renter share

17.8% → 20.6%

+2.8 pts

Bachelor's+

46.2% → 51.1%

+4.9 pts

Median age

40.9 → 40.2

-0.7 yrs

Across the past five years, the going rent in ZIP 80138 in Parker, CO has shifted from $1,637 to $1,994, up 21.8% since 2021. Census figures show median household income at $145,013 today, compared with $133,095 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 80138 in Parker, CO adding about 2,636 residents over the five-year window, up 7.7% on net. The renter share has risen from 17.8% to 20.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 46.2% to 51.1% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 80138

Last updated: October 17, 2026

ZIP code 80138 covers Parker, CO. The median rent here is $1,994/mo as of October 2026. A 1-bedroom rents for a median of $1,900/mo. A 2-bedroom rents for a median of $2,260/mo.

At 17% of local median household income ($145,013/yr), ZIP 80138 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80138?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $1,994/mo in ZIP 80138. The local median household income is $145,013/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80138?

Rent in ZIP 80138 has been roughly flat over the past year as of September 2026, a -0.4% change. It sits 1.7% below its high of $2,028 in August 2025.

When is the cheapest time to rent in ZIP 80138?

Asking rents in ZIP 80138 are usually lowest in December, about 2.2% below their yearly trend, and highest in August, about 1.7% above it. At today's median that is a gap of roughly $78 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 80138 compare to other ZIPs in Colorado?

ZIP 80138 is in the middle among Colorado ZIP codes for rent, ranking #77 of 168 at $1,994/mo. Over the year to September 2026, rent in ZIP 80138 changed -0.4%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.