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Parker City Info. Parker City, Indiana is located in Randolph County. Zip codes in Parker City, IN include 47368. The median home price in Parker City is $11 which is roughly $52/per square foot.
The wells' oil supply was soon exhausted and speculators moved away. Then, in 1879, a disastrous fire gutted nearly the entire riverfront section of the city with little effort being made to rebuild. In a matter of 10 years, the population of Parker dropped from more than 20,000 to 1,000. George W. Brown in his writing, Old Times in Oildom attributes the demise of the once great oil center to the short-sightedness of the original land owners who rented, rather than sold, lots to speculators.