Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Deer Park

Learn about the people, housing, costs and businesses in Deer Park, Illinois

Median Home$571,639
Median Rent$3,082/month
Population3,777
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services15% arts, food & hospitality
Home Value Growth⬆⬆+11.1% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners93% of occupied units
NotableHigh Incomes$194k/year · top 1% nationally
NotableHighly Educated37% bachelor's · 23% graduate · top 2% nationally
Deer Park
IL

Frequently Asked Questions

What are today's mortgage rates in Deer Park?

As of today, the 30-year fixed mortgage rate for Deer Park is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Deer Park
What is the median home price in Deer Park?

The median home value in Deer Park is $572k. The median monthly rent is $3,082. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Deer Park?

Home values in Deer Park have increased 11.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Deer Park?

Based on a typical all-in ownership cost of $2,942/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $126k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deer Park is $194k/year.

Calculate your buying power
What industries drive the economy in Deer Park?

The largest employment sectors in Deer Park are public administration (21%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.