Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,317, 2,590 total housing units (homes and apartments), and a median house value of $266,482, Deer Park real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Deer Park, accounting for 80.20% of the city's housing units. Other types of housing that are prevalent in Deer Park include duplexes, homes converted to apartments or other small apartment buildings ( 15.18%), large apartment complexes or high rise apartments ( 4.63%).
Dwellings in Deer Park tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.07% of the homes in Deer Park have two or fewer bedrooms.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Deer Park's housing was primarily built during this period, from the '40s through the '60s. A full 60.97% of the city's housing hails from this era. Other housing ages represented in Deer Park include homes built before 1939 ( 31.91%) and housing constructed between 1970-1999 ( 5.64%). There's also some housing in Deer Park built between 2000 and later ( 1.48%).
In the last 10 years, Deer Park has experienced some of the highest home appreciation rates of any community in the nation. Deer Park real estate appreciated 116.46% over the last ten years, which is an average annual home appreciation rate of 8.03%, putting Deer Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Deer Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Deer Park that despite a nationwide downturn in the housing market, Deer Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Deer Park appreciation rates continue to be some of the highest in America, at 8.68%, which is higher than appreciation rates in 77.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Deer Park. Deer Park appreciation rates in the latest quarter were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Ohio, our data show that Deer Park's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.
$266,482
for Ohio
for nation
2,590
$1,441 / per month