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Deer Creek

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

Median Home$212,949
Median Rent$878/month
Population642
Leading IndustriesPublic Administration · Retail35% public administration
Home Value Growth+9.1% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners85% of occupied units
NotableHigh Incomes$104k/year · top 15% nationally
Deer Creek
IL

Frequently Asked Questions

What are today's mortgage rates in Deer Creek?

As of today, the 30-year fixed mortgage rate for Deer Creek is approximately 6.610% (6.614% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Deer Creek?

The median home value in Deer Creek is $213k. The median monthly rent is $878. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Deer Creek?

Home values in Deer Creek have increased 9.1% over the past two years. This represents moderate growth. 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 Creek?

Based on a typical all-in ownership cost of $1,169/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deer Creek is $104k/year.

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What industries drive the economy in Deer Creek?

The largest employment sectors in Deer Creek are public administration (35%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.