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These days, finding an affordable place to live in the Deerfield area can be challenging. Home prices in Deerfield are now at a median cost of $169,689, lower than the Tennessee average of $315,131.
The average cost of rent is $641/mo in Deerfield, primarily driven by the current value of real estate in the Deerfield area. In Deerfield, 16.80% of households rent, and 45.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Deerfield is $3,959 per month. Households that rent pay about 16.19% of their income on rent here. Deerfield’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Lebanon, TN: equally priced homes
- Ovilla, TN: less expensive homes
- Weakly, TN: equally priced homes
- Pea Ridge, TN: higher priced homes
- Flatwoods, TN: higher priced homes
- Henryville, TN: equally priced homes
- Crewstown, TN: higher priced homes
- Meadowview, TN: less expensive homes
- Lawrenceburg, TN: higher priced homes
- Long Branch, TN: equally priced homes
Cities with Similar Populations
- Port Heiden, AK: higher priced homes
- New Almelo, KS: less expensive homes
- New Boston, NY: higher priced homes
- New Haven, WY: higher priced homes
- New Liberty, MO: higher priced homes
- New Markham, TN: less expensive homes
- New Marlboro, MA: higher priced homes
- New Post, WI: higher priced homes
- Niter, ID: higher priced homes
- Noble, KY: less expensive homes
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