HomeColoradoGarfield CountyParachute town
Parachute town, Colorado: commercial real estate data.
Parachute town 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.
76 sourced place values · tier FULL · 8 sections
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 7(a) lending to Parachute borrowers
- Approvals3
- Gross approval$7,322,000
- Average approval$2,440,667
- Median approval$2,872,000
- Ninetieth percentile approval$4,150,000
- 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
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Parachute
SBA 504 lending to Parachute borrowers
- 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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Garfield County, not Parachute
Garfield County context, not Parachute figures
These are Garfield County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Parachute measurements.
- Establishments in Garfield County2,705
- Employment at those establishments, Garfield County21,223
- Covered employment, Garfield County27,766
- Average annual pay, Garfield County$64,549
- Average weekly wage, Garfield County$1,241
- Housing units permitted, Garfield County174
- Of those, single family, Garfield County108
- County product, 2024, Garfield County$5,010,959,000
- County product change over the prior year, Garfield County2.8 percent
- Average income of an arriving household, Garfield County$111,315
Every figure in this section is published for Garfield County as a whole and is not a measurement of Parachute. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $7.3 m, across 3 lenders, median approval $2,872,000, plus 1 504 approvals worth $1.3 m. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Parachute figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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