Market Overview
Home Prices in Deerfield, MI
The median home value in Deerfield, MI is $238,522 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and down 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Deerfield are priced42% below average. Deerfield is part of the Adrian, MI metro area.
Over the past five years, Deerfield home values have risen by approximately25.1%, reflecting strong long-term appreciation in this market.
Price History
Deerfield Home Price Trend
City Comparison
Deerfield vs. National Median
At $238,522, homes in Deerfield cost 42% below the national median of $410,000. This makes Deerfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Deerfield?
20% Down Payment
$47,704
on $238,522
Monthly P&I
$1,244/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,580/mo
incl. taxes & insurance
Income Needed
$63,200
gross annual (30% rule)
10% Down Option
$23,852
+ PMI applies
Loan Amount (20% dn)
$190,818
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Deerfield, MI?
The median home value in Deerfield is $238,522 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Deerfield?
Over the past year, home values in Deerfield have increased by 8.2%. Over five years, prices have risen approximately 25.1%.
How much do I need to earn to buy a home in Deerfield?
To comfortably afford the median home price of $238,522 with a 20% down payment ($47,704) at today's rates (6.8%), you'd need a gross annual income of approximately $63,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Deerfield compare to the national average home price?
The national median home value is approximately $410,000. At $238,522, homes in Deerfield are 42% below the national average.
What metro area is Deerfield part of?
Deerfield is part of the Adrian, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.