Deer Park, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Deer Park Neighborhoods Since 2000




Deer Park, NY Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Deer Park Housing Market Information

With a population of 27,833, 9,102 total housing units (homes and apartments), and a median house value of $395,935, real estate costs in Deer Park are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Deer Park, accounting for 81.99% of the town's housing units. Other types of housing that are prevalent in Deer Park include duplexes, homes converted to apartments or other small apartment buildings ( 8.42%), large apartment complexes or high rise apartments ( 4.56%), and a few row houses and other attached homes ( 4.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Deer Park. Owner-occupied housing accounts for 82.68% of Deer Park's homes, and 69.28% have either three or four bedrooms, which is average sized relative to America.

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 70.32% of the town's housing hails from this era. Other housing ages represented in Deer Park include homes built between 1970-1999 ( 23.26%) and housing constructed before 1939 ( 4.83%). There's also some housing in Deer Park built between 2000 and later ( 1.59%).

Deer Park Home Appreciation Rates

Deer Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Deer Park during the period has been just -1.85%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Deer Park's appreciation rate, at 4.59%, has been at or slightly above the national average. In the latest quarter, Deer Park's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Deer Park's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Deer Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Deer Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Deer Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$395,935

Deer Park, NY HOME PRICES

Value Range
> $1,116,000 0.6
$837,001 - $1,116,000 0.6
$558,001 - $837,000 5.2
$446,001 - $558,000 15.5
$335,001 - $446,000 57.3
$223,001 - $335,000 17.3
$111,001 - $223,000 1.5
$56,001 - $111,000 0.5
$0 - $56,000 1.5

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
9.65662721200047 23.7934904601571

Number Of Homes And Apartments:
9,102

Deer Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
63.21% 2.88% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,411 / per month

Homeownership Rate

Homeownership
Owners 82.68
Renters 17.32
Vacant 3.25

Housing Market Details

 

Age of Homes

AGE OF Deer Park HOMES
2000 or Newer 1.6
1970 - 1999 23.3
1940 - 1969 70.3
1939 or Older 4.8

Types of Homes

TYPE OF Deer Park HOMES
Single-Family 82.0
Townhomes 4.5
Small Apt. Buildings 8.4
Apt. Complexes 4.6
Mobile Homes 0.3
Other 0.2

Home Size

SIZE OF Deer Park HOMES
No Bedroom 1.40
1 Bedroom 7.91
2 Bedrooms 12.78
3 Bedrooms 42.87
4 Bedrooms 26.41
5 or more bedrooms 8.63