Deer Park, OH Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Deer Park, OH Housing Market Trends

With 5,566 people, 2,509 houses or apartments, and a median cost of homes of $170,351, 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 77.53% 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 ( 13.27%), large apartment complexes or high rise apartments ( 8.94%).

Dwellings in Deer Park tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 58.80% 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 63.93% of the city's housing hails from this era. Other housing ages represented in Deer Park include homes built before 1939 ( 30.45%) and housing constructed between 1970-1999 ( 4.99%).

Deer Park Home Appreciation Rates

Appreciation rates for homes in Deer Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 34.26%, which ranks in the top 50% nationwide. This equates to an annual average Deer Park house appreciation rate of 2.99%.

NeighborhoodScout's data show that during the latest twelve months, Deer Park's appreciation rate, at 5.93%, has been at or slightly above the national average. In the latest quarter, Deer Park's appreciation rate has been 2.35%, which annualizes to a rate of 9.75%.

Relative to Ohio, our data show that Deer Park's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$170,351

Deer Park, OH HOME PRICES

> $1,203,000
0.0%
0.0%
$902,001 - $1,203,000
0.0%
0.0%
$602,001 - $902,000
0.0%
0.0%
$481,001 - $602,000
0.7%
0.7%
$361,001 - $481,000
1.1%
1.1%
$241,001 - $361,000
2.2%
2.2%
$120,001 - $241,000
84.9%
84.9%
$60,001 - $120,000
9.6%
9.6%
$0 - $60,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
2,509

Deer Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
48.92% 1.91%
7
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,063 / per month

Homeownership Rate

Owners
65.1%
65.1%
Renters
34.9%
34.9%
Vacant
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
0.6%
0.6%
1970 - 1999
5.0%
5.0%
1940 - 1969
63.9%
63.9%
1939 or Older
30.5%
30.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.5%
77.5%
Townhomes
0.3%
0.3%
Small Apt. Buildings
13.3%
13.3%
Apt. Complexes
8.9%
8.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.1%
3.1%
1 Bedroom
11.0%
11.0%
2 Bedrooms
44.7%
44.7%
3 Bedrooms
29.3%
29.3%
4 Bedrooms
10.2%
10.2%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES