Deerfield, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Deerfield Neighborhoods Since 2000




Deerfield, IL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Deerfield Housing Market Information

With a population of 19,019, 6,691 total housing units (homes and apartments), and a median house value of $557,596, 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 86.60% of Deerfield's homes, and 65.91% 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 52.57% of the village's housing hails from this era. Other housing ages represented in Deerfield include homes built between 1970-1999 ( 30.78%) and housing constructed between 2000 and later ( 11.29%). There's also some housing in Deerfield built before 1939 ( 5.36%).

Deerfield Home Appreciation Rates

Deerfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Deerfield during the period has been just -1.33%, which is lower than 70% of US communities.

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 1.40%, 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 0.43%, which equates to an annual appreciation rate of 1.74%.

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.

Average Home Values

 

Median Home Value:
$557,596

Deerfield, IL HOME PRICES

Value Range
> $1,094,000 7.7
$821,001 - $1,094,000 11.6
$547,001 - $821,000 30.8
$437,001 - $547,000 16.7
$328,001 - $437,000 19.4
$219,001 - $328,000 8.7
$109,001 - $219,000 2.9
$55,001 - $109,000 0.5
$0 - $55,000 1.6

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
4.59392945036916 2.78481012658228

Number Of Homes And Apartments:
6,691

Deerfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
32.38% 1.64% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,746 / per month

Homeownership Rate

Homeownership
Owners 86.60
Renters 13.40
Vacant 3.81

Housing Market Details

 

Age of Homes

AGE OF Deerfield HOMES
2000 or Newer 11.3
1970 - 1999 30.8
1940 - 1969 52.6
1939 or Older 5.4

Types of Homes

TYPE OF Deerfield HOMES
Single-Family 78.5
Townhomes 6.0
Small Apt. Buildings 3.6
Apt. Complexes 11.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Deerfield HOMES
No Bedroom 0.69
1 Bedroom 6.15
2 Bedrooms 12.64
3 Bedrooms 27.90
4 Bedrooms 38.01
5 or more bedrooms 14.61