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Deerfield

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

Median Home$625,820
Median Rent$2,180/month
Population19,090
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education23% healthcare
Home Value Growth⬆⬆+17.6% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners88% of occupied units
NotableHighly Educated41% bachelor's · 27% graduate · top 1% nationally
NotableHigh Incomes$189k/year · top 2% nationally
Deerfield
IL

Frequently Asked Questions

What are today's mortgage rates in Deerfield?

As of today, the 30-year fixed mortgage rate for Deerfield is approximately 6.824% (6.828% 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 $626k. The median monthly rent is $2,180. Annual property taxes average $10k. 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 17.6% 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 $2,998/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $128k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deerfield is $189k/year.

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What industries drive the economy in Deerfield?

The largest employment sectors in Deerfield are healthcare (23%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.