The typical owner-occupied home in Deerfield Beach is worth about $309,600, 14% below the Florida median of $359,000 and 7% below the national median of $332,700. Owners pay a median $2,825 a year in property taxes, about 0.91% of their home's value, higher than the Florida rate of 0.76%. The median household earns $59,730 a year, so the median home costs 5.2 times the median income (4.8 times for Florida). 64% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Deerfield Beach at a glance
| Deerfield Beach | Florida | U.S. | |
|---|---|---|---|
| Median home value | $309,600 | $359,000 | $332,700 |
| Median property tax paid per year | $2,825 | $2,730 | $3,119 |
| Property tax as a share of value | 0.91% | 0.76% | 0.94% |
| Median household income | $59,730 | $74,568 | $80,734 |
| Homes lived in by their owners | 64% | 68% | 65% |
| Owner homes with a mortgage | 50% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,094 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 28.2% | 23.6% | 21.0% |
| Median rent | $1,774 | $1,669 | $1,413 |
| Rent as a share of renters' income | 42.2% | 35.2% | 30.6% |
| Median year homes were built | 1978 | 1988 | 1980 |
| Vacant homes | 21.8% | 14.7% | 10.1% |
| Population | 88,093 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Deerfield Beach
At this week's average 30-year rate of 7.11%, buying the median Deerfield Beach home of $309,600 with 20% down costs about $2,030 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,546, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $86,997 for the 20%-down payment. That payment is 41% of the median Deerfield Beach household income of $59,730; at that income and 20% down, the 28% guideline points to a home of about $213,000.
The median rent here is $1,774 a month, so owning the median home costs about $256 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $61,920 |
|---|---|
| Loan amount | $247,680 |
| Principal and interest | $1,666 |
| Property taxes (0.91% a year) | $235 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| PMI | $0 |
| Total per month | $2,030 |
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| Down payment | $10,836 |
|---|---|
| Loan amount | $303,992 |
| Principal and interest | $2,045 |
| Property taxes (0.91% a year) | $235 |
| Homeowners insurance (our estimate, 0.5% a year) | $129 |
| FHA mortgage insurance | $137 |
| Total per month | $2,546 |
Change the numbers in the calculator
Questions about home buying in Deerfield Beach
What is the median home value in Deerfield Beach?
About $309,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Deerfield Beach?
Homeowners pay a median $2,825 a year, which is about 0.91% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Deerfield Beach?
For the median home with 20% down at 7.11%, the payment is about $2,030 a month. Keeping that under 28% of gross income takes about $86,997 a year.
More about Deerfield Beach
- Mortgage Refinance in Deerfield Beach
- Debt Relief in Deerfield Beach
- Home Equity Loans in Deerfield Beach
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data