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Deerfield

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

Median Home$186,100
Median Rent$929/month
Population814
Leading IndustriesTransportation · Finance & Insurance · Retail4% transportation
Home Value Growth+6.4% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners88% of occupied units
NotableTransit93/100 · excellent transit access
Deerfield
MI

Frequently Asked Questions

What are today's mortgage rates in Deerfield?

As of today, the 30-year fixed mortgage rate for Deerfield is approximately 7.051% (7.092% 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 $929. Annual property taxes average $2k. 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 6.4% 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 Deerfield?

Based on a typical all-in ownership cost of $1,204/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deerfield is $84k/year.

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What industries drive the economy in Deerfield?

The largest employment sectors in Deerfield are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.