Deer Park, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Deer Park, WA 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 3,941, 1,344 total housing units (homes and apartments), and a median house value of $195,818, Deer Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Deer Park, accounting for 69.29% of the city's housing units. Other types of housing that are prevalent in Deer Park include mobile homes or trailers ( 11.18%), large apartment complexes or high rise apartments ( 9.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.86%).

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 72.16% of Deer Park's homes, and 61.41% 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 2000 and later ( 23.10%). A lesser amount of the housing stock also hails from before 1939 ( 17.31%). There's also some housing in Deer Park built between 1940-1969 ( 9.97%).

Deer Park Home Appreciation Rates

Real estate appreciation rates in Deer Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.21% during the period.

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 8.18%, which is higher than appreciation rates in 87.61% 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 0.21%, which equates to an annual appreciation rate of 0.83%.

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

Average Home Values

 

Median Home Value:
$195,818

Deer Park, WA HOME PRICES

Value Range
> $1,175,000 0.0
$881,001 - $1,175,000 0.0
$587,001 - $881,000 1.5
$470,001 - $587,000 2.0
$353,001 - $470,000 4.4
$235,001 - $353,000 23.3
$118,001 - $235,000 60.5
$59,001 - $118,000 6.7
$0 - $59,000 1.5

Low for WA
High for Nation

Value Relative to Nation Value Relative to State
33.2942693073948 73.4042553191489

Number Of Homes And Apartments:
1,344

Deer Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
59.89% 2.76% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$729 / per month

Homeownership Rate

Homeownership
Owners 72.16
Renters 27.84
Vacant 9.49

Housing Market Details

 

Age of Homes

AGE OF Deer Park HOMES
2000 or Newer 23.1
1970 - 1999 49.6
1940 - 1969 10.0
1939 or Older 17.3

Types of Homes

TYPE OF Deer Park HOMES
Single-Family 69.3
Townhomes 3.7
Small Apt. Buildings 5.9
Apt. Complexes 10.0
Mobile Homes 11.2
Other 0.0

Home Size

SIZE OF Deer Park HOMES
No Bedroom 0.00
1 Bedroom 7.61
2 Bedrooms 24.85
3 Bedrooms 42.09
4 Bedrooms 19.33
5 or more bedrooms 6.13

Popular Neighborhoods in Deer Park

Zip Codes in Deer Park, WA