Deer Park, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Deer Park Neighborhoods Since 2000




Deer Park, TX 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 33,806, 11,176 total housing units (homes and apartments), and a median house value of $164,402, 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 79.33% of the city's housing units. Other types of housing that are prevalent in Deer Park include large apartment complexes or high rise apartments ( 12.17%), duplexes, homes converted to apartments or other small apartment buildings ( 3.82%), and a few mobile homes or trailers ( 3.52%).

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 73.95% of Deer Park's homes, and 77.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Deer Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Deer Park built between 1940-1969 ( 23.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.70%). There's also some housing in Deer Park built before 1939 ( 1.23%).

Deer Park Home Appreciation Rates

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 28.51% over the last ten years, which is an average annual home appreciation rate of 2.54%, putting Deer Park in the top 10% 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 7.66%, which is higher than appreciation rates in 85.11% 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 -0.09%, which equates to an annual appreciation rate of -0.38%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. 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:
$164,402

Deer Park, TX HOME PRICES

Value Range
> $1,231,000 0.0
$923,001 - $1,231,000 0.0
$615,001 - $923,000 0.2
$492,001 - $615,000 0.3
$369,001 - $492,000 1.7
$246,001 - $369,000 12.8
$123,001 - $246,000 63.1
$62,001 - $123,000 15.8
$0 - $62,000 6.1

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
43.8942927458104 27.7237354085603

Number Of Homes And Apartments:
11,176

Deer Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
62.27% 2.85% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,348 / per month

Homeownership Rate

Homeownership
Owners 73.95
Renters 26.05
Vacant 4.53

Housing Market Details

 

Age of Homes

AGE OF Deer Park HOMES
2000 or Newer 19.7
1970 - 1999 55.1
1940 - 1969 24.0
1939 or Older 1.2

Types of Homes

TYPE OF Deer Park HOMES
Single-Family 79.3
Townhomes 1.2
Small Apt. Buildings 3.8
Apt. Complexes 12.2
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Deer Park HOMES
No Bedroom 0.44
1 Bedroom 6.99
2 Bedrooms 10.74
3 Bedrooms 52.34
4 Bedrooms 25.45
5 or more bedrooms 4.05