The median home in Deerfield, Illinois is valued at $611,005, up 7.0% year over year. Typical monthly rent is $2,752, producing a price-to-rent ratio of 18.5x — near the national average of 18x. Deerfield is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$611,005

+7.0%

Rent$2,752/mo

AFFORDABILITY

Enter your income for Deerfield.

Income (annual)

Down Payment

$122,201 on $611,005

Out of reach — 70% of income

Need $187,500/yr to afford.

PITI$4,375

P/I70%

Afford$244K

Gap-$367K

P&I $3,090Tax $1,135Ins $150

Renting $1,623/mo cheaper ($2,752 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Deerfield with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

DEERFIELD, IL