South Deerfield, MA—01373
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Deerfield, MA
As of Oct '25, the median home price in South Deerfield, MA is $443,000, with a year-over-year change of 2.9%. This indicates that home prices in South Deerfield, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $443,000 | 2.9% |
| Single Family | $453,000 | 1.6% |
| Condos | $366,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $378,000 | 3.3% |
3 Bed | $435,000 | 1.2% |
4 Bed | $529,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Deerfield, MA
As of July '25, Rentcast reports the average rent in South Deerfield, MA is $1,500, with a year-over-year rent change of -15.7%. Per bedroom, the median rent as of July '25 in South Deerfield, MA is 1-bedrooms: $1,500. The most common rental property sizes in South Deerfield, MA are 3-bedroom and studio, accounting for 33.8% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Deerfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in South Deerfield, MA is 76. This is a increase of 66.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $682,000 | 21.0% |
Listing Count | 6 | 5.0% |
| Listings as % of Homes | 0.2% | 5.0% |
Days on Market | 76 | 66.0% |
Demographics — South Deerfield, MA
As of the latest ACS Survey released in 2023, South Deerfield, MA has a population of 4,780, which has increased by 3.2% over the past 5 years. South Deerfield, MA is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 41.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,780 | 3.2% |
% Under 18 | 16.5% | -12.2% |
% Seniors | 24.2% | 19.8% |
% WFH | 17.3% | 137.0% |
% w/ College Degree | 41.6% | -11.3% |
As of the latest ACS Survey released in 2023, South Deerfield, MA is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in South Deerfield, MA is hispanic, making up 6.5% of the population. Foreign-born residents account for 5.4% of the population in South Deerfield, MA, and this percentage has increased by 63.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.6% | -4.4% |
% Black | 1.2% | ∞% |
% Hispanic | 6.5% | 124.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 5.4% | 63.6% |
Mortgage and Risk — South Deerfield, MA
According to HUD data as of 2023, there were 78 mortgage originations in South Deerfield, MA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in South Deerfield, MA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — South Deerfield, MA
South Deerfield, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$330 | $1,500 | $1,170 |
| 2 Bedroom | N/A | N/A | $1,540 |
| 3 Bedroom | N/A | N/A | $1,860 |
| 4 Bedroom | N/A | N/A | $2,070 |
Affordability — South Deerfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $443,000 |
| Median Household Income | $103,000 |