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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Deer Park, WA 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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, WA Housing Market Trends

With 4,811 people, 1,796 houses or apartments, and a median cost of homes of $363,681, 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 71.09% 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 ( 10.49%), mobile homes or trailers ( 9.02%), and a few large apartment complexes or high rise apartments ( 6.85%).

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 69.80% of Deer Park's homes, and 63.48% 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 ( 25.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.91%). There's also some housing in Deer Park built before 1939 ( 8.48%).

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 141.70% over the last ten years, which is an average annual home appreciation rate of 9.23%, 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.

Over the last year, Deer Park appreciation rates have trailed the rest of the nation. In the last twelve months, Deer Park's appreciation rate has been -2.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Deer Park were at 1.24%, which equates to an annual appreciation rate of 5.05%.

Notably, Deer Park's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Washington, our data show that Deer Park's latest annual appreciation rate is lower than 50% of the other cities and towns in Washington.

Average Home Values

Median Home Value

$363,681

Deer Park, WA Home Prices
> $1,533,000
$1,150,001 - $1,533,000
$766,001 - $1,150,000
$613,001 - $766,000
$460,001 - $613,000
$306,001 - $460,000
$153,001 - $306,000
$77,001 - $153,000
$0 - $77,000
1.4%
1.4%
0.8%
0.8%
1.1%
1.1%
8.7%
8.7%
20.1%
20.1%
31.9%
31.9%
28.9%
28.9%
5.6%
5.6%
1.6%
1.6%
0% 100.0%
% of Homes
Low

for Washington

High

for nation

Number of Homes And Apartments:

1,796

Deer Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,399 / per month

Homeownership Rate

Owners
Renters
Vacant
69.8%
69.8%
30.2%
30.2%
2.4%
2.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.3%
25.3%
57.3%
57.3%
8.9%
8.9%
8.5%
8.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.1%
71.1%
2.6%
2.6%
10.5%
10.5%
6.8%
6.8%
9.0%
9.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
12.7%
12.7%
16.5%
16.5%
47.1%
47.1%
16.4%
16.4%
6.1%
6.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Deer Park

Zip Codes in Deer Park, WA