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 Q2 2021. 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, WA Housing Market Trends

With a population of 4,364, 1,544 total housing units (homes and apartments), and a median house value of $279,366, 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 74.98% of the city's housing units. Other types of housing that are prevalent in Deer Park include mobile homes or trailers ( 13.14%), duplexes, homes converted to apartments or other small apartment buildings ( 5.97%), and a few large apartment complexes or high rise apartments ( 4.94%).

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 79.26% of Deer Park's homes, and 65.70% 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 ( 26.16%). A lesser amount of the housing stock also hails from before 1939 ( 15.19%). There's also some housing in Deer Park built between 1940-1969 ( 7.72%).

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 85.14% over the last ten years, which is an average annual home appreciation rate of 6.35%, putting Deer Park in the top 20% 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 14.76%, which is higher than appreciation rates in 95.08% 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 5.69%, which equates to an annual appreciation rate of 24.78%.

Importantly, this makes Deer Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$279,366

Deer Park, WA HOME PRICES

> $1,409,000
0.5%
0.5%
$1,057,001 - $1,409,000
0.9%
0.9%
$705,001 - $1,057,000
0.6%
0.6%
$564,001 - $705,000
2.9%
2.9%
$423,001 - $564,000
8.4%
8.4%
$282,001 - $423,000
34.8%
34.8%
$141,001 - $282,000
44.9%
44.9%
$70,001 - $141,000
4.7%
4.7%
$0 - $70,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for WA

Value Relative To Nation

Number Of Homes And Apartments:
1,544

Deer Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
152.26% 4.40%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,192 / per month

Homeownership Rate

Owners
79.3%
79.3%
Renters
20.7%
20.7%
Vacant
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
26.2%
26.2%
1970 - 1999
50.9%
50.9%
1940 - 1969
7.7%
7.7%
1939 or Older
15.2%
15.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.0%
75.0%
Townhomes
1.0%
1.0%
Small Apt. Buildings
6.0%
6.0%
Apt. Complexes
4.9%
4.9%
Mobile Homes
13.1%
13.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
8.0%
8.0%
2 Bedrooms
18.3%
18.3%
3 Bedrooms
52.4%
52.4%
4 Bedrooms
13.3%
13.3%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Deer Park

Zip Codes in Deer Park, WA