The typical owner-occupied home in Deerfield is worth about $142,500, 34% below the Kansas median of $217,200 and 57% below the national median of $332,700. The median household earns $81,563 a year, so the median home costs 1.7 times the median income (2.9 times for Kansas). 45% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Deerfield at a glance
| Deerfield | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $142,500 | $217,200 | $332,700 |
| Median property tax paid per year | – | $2,798 | $3,119 |
| Median household income | $81,563 | $74,275 | $80,734 |
| Homes lived in by their owners | 45% | 67% | 65% |
| Owner homes with a mortgage | 21% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $755 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 19.4% | 21.0% |
| Median rent | $823 | $1,060 | $1,413 |
| Rent as a share of renters' income | 18.6% | 27.1% | 30.6% |
| Median year homes were built | 1973 | 1976 | 1980 |
| Vacant homes | 7.5% | 9.2% | 10.1% |
| Population | 647 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Deerfield
At this week's average 30-year rate of 7.11%, buying the median Deerfield home of $142,500 with 20% down costs about $957 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,194, 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 $41,010 for the 20%-down payment. That payment is 14% of the median Deerfield household income of $81,563; at that income and 20% down, the 28% guideline points to a home of about $283,000.
The median rent here is $823 a month, so owning the median home costs about $134 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,500 |
|---|---|
| Loan amount | $114,000 |
| Principal and interest | $767 |
| Property taxes (1.10% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $957 |
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| Down payment | $4,988 |
|---|---|
| Loan amount | $139,919 |
| Principal and interest | $941 |
| Property taxes (1.10% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $63 |
| Total per month | $1,194 |
Change the numbers in the calculator
Questions about home buying in Deerfield
What is the median home value in Deerfield?
About $142,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Deerfield?
For the median home with 20% down at 7.11%, the payment is about $957 a month. Keeping that under 28% of gross income takes about $41,010 a year.
More about Deerfield
- Mortgage Refinance in Deerfield
- Debt Relief in Deerfield
- Home Equity Loans in Deerfield
- 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