Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 19,079, 7,475 total housing units (homes and apartments), and a median house value of $657,696, Deerfield house prices are not only among the most expensive in Illinois, Deerfield real estate also is some of the most expensive in all of America.
Deerfield is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Deerfield than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Deerfield. Owner-occupied housing accounts for 81.58% of Deerfield's homes, and 63.99% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Deerfield's housing was primarily built during this period, from the '40s through the '60s. A full 44.67% of the village's housing hails from this era. Other housing ages represented in Deerfield include homes built between 1970-1999 ( 31.10%) and housing constructed between 2000 and later ( 19.09%). There's also some housing in Deerfield built before 1939 ( 5.14%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Deerfield, where house values have increased just 33.58%, which is annualized rate of 2.94%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Deerfield appreciation rates have trailed the rest of the nation. In the last twelve months, Deerfield's appreciation rate has been 8.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Deerfield were at -0.57%, which equates to an annual appreciation rate of -2.26%.
Relative to Illinois, our data show that Deerfield's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Deerfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Deerfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Deerfield real estate investment or home purchase decisions.
$3,337 / per month