The typical owner-occupied home in South Deerfield is worth about $452,900, 19% below the Massachusetts median of $562,100 and 36% above the national median of $332,700. Owners pay a median $6,325 a year in property taxes, about 1.40% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $103,056 a year, so the median home costs 4.4 times the median income (5.4 times for Massachusetts). 68% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
South Deerfield at a glance
| South Deerfield | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $452,900 | $562,100 | $332,700 |
| Median property tax paid per year | $6,325 | $5,992 | $3,119 |
| Property tax as a share of value | 1.40% | 1.07% | 0.94% |
| Median household income | $103,056 | $103,960 | $80,734 |
| Homes lived in by their owners | 68% | 63% | 65% |
| Owner homes with a mortgage | 47% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,787 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 31.9% | 21.9% | 21.0% |
| Median rent | $1,207 | $1,762 | $1,413 |
| Rent as a share of renters' income | 18.4% | 30.9% | 30.6% |
| Median year homes were built | 1964 | 1964 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 1,882 | 7,044,056 | 334,922,499 |
What a typical home costs per month in South Deerfield
At this week's average 30-year rate of 7.11%, buying the median South Deerfield home of $452,900 with 20% down costs about $3,154 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,909, 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 $135,190 for the 20%-down payment. That payment is 37% of the median South Deerfield household income of $103,056; at that income and 20% down, the 28% guideline points to a home of about $345,000.
The median rent here is $1,207 a month, so owning the median home costs about $1,947 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,580 |
|---|---|
| Loan amount | $362,320 |
| Principal and interest | $2,437 |
| Property taxes (1.40% a year) | $528 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| PMI | $0 |
| Total per month | $3,154 |
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| Down payment | $15,852 |
|---|---|
| Loan amount | $444,697 |
| Principal and interest | $2,992 |
| Property taxes (1.40% a year) | $528 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| FHA mortgage insurance | $200 |
| Total per month | $3,909 |
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Questions about home buying in South Deerfield
What is the median home value in South Deerfield?
About $452,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Deerfield?
Homeowners pay a median $6,325 a year, which is about 1.40% 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 South Deerfield?
For the median home with 20% down at 7.11%, the payment is about $3,154 a month. Keeping that under 28% of gross income takes about $135,190 a year.
More about South Deerfield
- Mortgage Refinance in South Deerfield
- Debt Relief in South Deerfield
- Home Equity Loans in South 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