Deer Park, NY—11729
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Deer Park, NY
As of Oct '25, the median home price in Deer Park, NY is $652,000, with a year-over-year change of 4.7%. This indicates that home prices in Deer Park, NY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $652,000 | 4.7% |
| Single Family | $654,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $533,000 | -0.2% |
3 Bed | $644,000 | 4.7% |
4 Bed | $709,000 | 4.4% |
| 5 Bed | $743,000 | 3.9% |
% of Housing Stock
Rental Trends — Deer Park, NY
As of July '25, Rentcast reports the average rent in Deer Park, NY is $2,870, with a year-over-year rent change of 0.3%. Per bedroom, the median rent as of July '25 in Deer Park, NY is studios: $2,040, 1-bedrooms: $2,340, 2-bedrooms: $3,120, 3-bedrooms: $3,900, 4-bedrooms: $4,500. The most common rental property sizes in Deer Park, NY are 1-bedroom and 2-bedroom, accounting for 55.1% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,540 | $2,870 |
| Studio Rent | $2,060 | $2,040 |
| 1 Bed Rent | $2,450 | $2,340 |
| 2 Bed Rent | $3,300 | $3,120 |
| 3 Bed Rent | $3,900 | $3,900 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Deer Park, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Deer Park, NY is 29. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 5.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $710,000 | 9.0% |
Listing Count | 84 | 17.0% |
| Listings as % of Homes | 0.7% | 17.0% |
Days on Market | 29 | -14.0% |
Demographics — Deer Park, NY
As of the latest ACS Survey released in 2023, Deer Park, NY has a population of 26,600, which has decreased by -2.8% over the past 5 years. Deer Park, NY is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 36.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,600 | -2.8% |
% Under 18 | 21.4% | -2.3% |
% Seniors | 14.8% | 0.0% |
% WFH | 7.6% | 375.0% |
% w/ College Degree | 36.1% | 18.0% |
As of the latest ACS Survey released in 2023, Deer Park, NY is a predominantly white area, with 50.6% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Deer Park, NY is hispanic, making up 22.7% of the population. Foreign-born residents account for 21.3% of the population in Deer Park, NY, and this percentage has increased by 9.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.6% | -12.6% |
% Black | 11.9% | -16.2% |
% Hispanic | 22.7% | 32.7% |
% Asian | 10.8% | 21.3% |
% Foreign Born | 21.3% | 9.2% |
Mortgage and Risk — Deer Park, NY
According to HUD data as of 2023, there were 391 mortgage originations in Deer Park, NY, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Deer Park, NY. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 391 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Deer Park, NY
As of 2024, the percent of homes in Deer Park, NY under the Section 8 program is 15.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Deer Park, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 206 |
Total Units Section 8 | 206 |
% Rentals under Section 8 | 15.1% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$520 | $2,450 | $1,930 |
| 2 Bedroom | -$1,040 | $3,300 | $2,260 |
| 3 Bedroom | -$970 | $3,900 | $2,930 |
| 4 Bedroom | -$1,330 | $4,500 | $3,170 |
Affordability — Deer Park, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $652,000 |
| Median Household Income | $138,000 |