HomeColoradoGarfield CountyParachute
Parachute, Colorado: commercial real estate data.
Parachute is a Census town of 1,422 people across 2.29 square miles of land, in Garfield County. Median household income is $58,778, 50.7 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $7.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Parachute
What Parachute is
- Census place typetown
- Land area2.29 sq mi
- Water area0.09 sq mi
- Population per square mile of land622 plus or minus 189
- County holding the largest share of its areaGarfield County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parachute
How many people live in Parachute
- Population1,422 plus or minus 433
- Median age26.1 plus or minus 6.4
- Population under 18455 plus or minus 171
- Share under 1832.0 percent plus or minus 7.1
- Population 65 and over152 plus or minus 89
- Share 65 and over10.7 percent plus or minus 5.3
- Households517 plus or minus 165
- Family households338 plus or minus 119
- Share of households that are families65.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parachute
Income and work in Parachute
- Median household income$58,778 plus or minus $16,117
- Per capita income$27,075 plus or minus $9,295
- Civilian labor force727 plus or minus 238
- Employed591 plus or minus 222
- Unemployed136 plus or minus 104
- Unemployment rate18.7 percent plus or minus 12.9
- Adults 25 and over729 plus or minus 207
- Adults 25 and over with a high school diploma or higher91.9 percent plus or minus 36.2
- Adults 25 and over with a bachelor degree or higher10.7 percent plus or minus 6.4
- Adults 25 and over with a graduate degree0.5 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parachute
Housing in Parachute
- Housing units548 plus or minus 164
- Occupied units517 plus or minus 165
- Vacant units31 plus or minus 31
- Vacancy rate5.7 percent plus or minus 5.4
- Owner occupied262 plus or minus 123
- Renter occupied255 plus or minus 107
- Ownership rate50.7 percent plus or minus 17.4
- Median owner-occupied home value$271,400
- Median gross rent, monthly$1,073
- Annual rent as a share of median income21.9 percent plus or minus 6.8
- Single family units236 plus or minus 115
- Share single family43.1 percent plus or minus 16.6
- Units in buildings of two or more223 plus or minus 101
- Share in buildings of two or more40.7 percent plus or minus 13.9
- Mobile homes80 plus or minus 56
- Median year structure built1992
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parachute
How Parachute gets to work
- Workers 16 and over who commute475 plus or minus 190
- Commuting under 15 minutes129 plus or minus 100
- Share commuting under 15 minutes27.2 percent plus or minus 18.1
- Commuting 30 minutes or more254 plus or minus 113
- Share commuting 30 minutes or more53.5 percent
- Drove alone54.8 percent plus or minus 28.7
- Carpooled23.7 percent plus or minus 17.8
- Public transport0.9 percent plus or minus 1.4
- Walked5.2 percent plus or minus 4.6
- Worked from home15.5 percent plus or minus 18.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Parachute
SBA loans in Parachute (7(a))
- Approvals3
- Gross approval$7,322,000
- Average approval$2,440,667
- Median approval$2,872,000
- Largest approval$4,150,000
- Jobs supported52
- Jobs per approval17.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more66.7 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Parachute, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Parachute
SBA loans in Parachute (504)
- Approvals1
- Gross approval$1,337,000
- Average approval$1,337,000
- Median approval$1,337,000
- Largest approval$1,337,000
- Jobs supported1
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Parachute, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Parachute
Flood risk in Parachute
- NFIP communityTown of Parachute
- NFIP community number080215
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/27/91
The Town of Parachute participates in the National Flood Insurance Program as community 080215 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Garfield County, not Parachute
Garfield County context, not Parachute figures
- Establishments in Garfield County2,705
- Covered employment, Garfield County27,766
- Average annual pay, Garfield County$64,549
- Housing units permitted, Garfield County174
Every figure in this section is published for Garfield County as a whole and is not a measurement of Parachute.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Parachute questions, answered from the record.
How many people live in Parachute, Colorado?
1,422, in 517 households. Parachute town covers 2.29 square miles of land, which is 622 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Parachute in?
Garfield County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Parachute?
$58,778. The median owner-occupied home is valued at $271,400. Median gross rent is $1,073 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Parachute businesses?
3 7(a) approvals totaling $7.3 m since FY2020, across 3 lenders, median approval $2,872,000, plus 1 504 approvals worth $1.3 m since FY2010. These count approvals to borrowers whose address is in Parachute, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Parachute borrowers get paid back?
No rate is published for Parachute. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Parachute in the National Flood Insurance Program?
Yes. Parachute appears in the FEMA Community Status Book as Parachute, town of, community 080215, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Parachute figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Garfield County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Parachute.
Is zoning published for Parachute?
No. Nothing on this page presents parcel level zoning.
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