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Deerfield Colony

Learn about the people, housing, costs and businesses in Deerfield Colony, South Dakota

Median Home$198,600
Median Rent$1,238/month
Population131
Leading IndustriesConstruction · Agriculture & Mining · Professional Services15% construction
Home Value Growth⬆⬆+17.5% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners78% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
NotableHigh Incomes$88k/year · top 27% nationally
Deerfield Colony
SD

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Frequently Asked Questions

What are today's mortgage rates in Deerfield Colony?

As of today, the 30-year fixed mortgage rate for Deerfield Colony is approximately 6.998% (7.038% 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 Colony?

The median home value in Deerfield Colony is $199k. The median monthly rent is $1,238. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Deerfield Colony?

Home values in Deerfield Colony have increased 17.5% 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 Colony?

Based on a typical all-in ownership cost of $1,053/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deerfield Colony is $88k/year.

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What industries drive the economy in Deerfield Colony?

The largest employment sectors in Deerfield Colony are public administration (24%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.