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Deerfield

Learn about the people, housing, costs and businesses in Deerfield, Virginia

Median Home$186,200
Median Rent$807/month
Population116
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners69% of occupied units
Deerfield
VA

Frequently Asked Questions

What are today's mortgage rates in Deerfield?

As of today, the 30-year fixed mortgage rate for Deerfield is approximately 7.008% (7.048% 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 Deerfield?

The median home value in Deerfield is $186k. The median monthly rent is $807. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Deerfield?

Home values in Deerfield have increased 16.8% 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 Deerfield?

Based on a typical all-in ownership cost of $816/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deerfield is $57k/year.

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What industries drive the economy in Deerfield?

The largest employment sectors in Deerfield are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.