Home Values

Deer Park Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$279,200

  • -5.5% 1-year change
  • -2.4% 1-year forecast

The median home value in Deer Park is $279,200. Deer Park home values have declined -5.5% over the past year and Zillow predicts they will fall -2.4% within the next year. The median list price per square foot in Deer Park is $48, which is lower than the New York Metro average of $256. The median price of homes currently listed in Deer Park is $329,999 while the median price of homes that sold is $315,000. The median rent price in Deer Park is $1,620, which is lower than the New York Metro median of $2,350.

Foreclosures will be a factor impacting home values in the next several years. In Deer Park 4.0 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also the same as the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Deer Park is 19.4%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Deer Park homeowners underwater on their mortgage is 22.9%, which is higher than New York Metro at 13.6%.

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Relative ZHVI
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Deer Park Market Overview

Data through Jan 31, 2015
  • $279,200 ZHVI
  • -2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $329,999 Median listing price
  • $315,000 Median sale price (Dec 31, 2014)
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Deer Park Market Health

Data through Jan 31, 2015
  • 0.3/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 22.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 19.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4 homes Deer Park
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Dix Hills $586,800
Brightwaters $414,600
Babylon $389,400
Name Median ZHVI
West Islip $350,200
North Babylon $297,100
West Babylon $294,300
Name Median ZHVI
Wyandanch $266,100
Bay Wood $261,700
North Bay Shore $247,000

Listings & Sales

Data through Jan 31, 2015
  • $48 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
18.4%
Sold below listing
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Deer Park Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,413 Deer Park
    $2,331 New York Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,620 Rent list price
  • No data Rent list price / sq ft
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