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Deer Grove

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

Median Home$154,600
Median Rent$986/month
Population35
Leading IndustriesConstruction · Public Administration · Agriculture & Mining10% construction
Home Value Growth+8.6% over 2 years
Retirees25% of residentsabove average nationally
Homeowners87% of occupied units
NotableTransit83/100 · excellent transit access
Deer Grove
IL

Frequently Asked Questions

What are today's mortgage rates in Deer Grove?

As of today, the 30-year fixed mortgage rate for Deer Grove 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.

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What is the median home price in Deer Grove?

The median home value in Deer Grove is $155k. The median monthly rent is $986. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Deer Grove?

Home values in Deer Grove have increased 8.6% 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 Grove?

Based on a typical all-in ownership cost of $929/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deer Grove is $80k/year.

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What industries drive the economy in Deer Grove?

The largest employment sectors in Deer Grove are public administration (31%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.