The housing market in Deer Park, IL is thriving with a current median value of $567,200. This number is significantly higher than the US House median value of $338,100. Furthermore, the 1 year house appreciation rate in Deer Park, IL is 8.83%, whereas the US 1 year house appreciation rate is 8.27%. It appears that Deer Park is an attractive option for those looking to invest in real estate as its values are increasing at a faster rate than the national average.
The median home cost in Deer Park is $567,200. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Deer Park is up 14.5%.
Average Age of Homes
- The median age of Deer Park real estate is 33 years old
The Rental Market in Deer Park
- Renters make up 2.6% of the Deer Park population
- 6.0% of houses and apartments in Deer Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.