Deerfield, IL 60015 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Deerfield, IL—60015

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$676,000

7.0% YoY Growth

Household Income

$187,000

31.2% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$2,760

2.4% YoY Growth

1-Bed Rent

$2,330

1.3% YoY Growth

2-Bed Rent

$2,750

4.5% YoY Growth

3-Bed Rent

$3,500

7.4% YoY Growth

Home Price Trends — Deerfield, IL

As of Dec '25, the median home price in Deerfield, IL is $676,000, with a year-over-year change of 7.0%. This indicates that home prices in Deerfield, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$676,000	7.0%
Single Family	$743,000	6.8%
Condos	$336,000	7.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Deerfield, IL

As of July '25, Rentcast reports the average rent in Deerfield, IL is $2,980, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Deerfield, IL is 1-bedrooms: $2,310, 2-bedrooms: $2,770, 3-bedrooms: $3,750, 4-bedrooms: $3,500. The most common rental property sizes in Deerfield, IL are 2-bedroom and 1-bedroom, accounting for 47.3% and 23.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,760	$2,980
Studio Rent	N/A	N/A
1 Bed Rent	$2,330	$2,310
2 Bed Rent	$2,750	$2,770
3 Bed Rent	$3,500	$3,750
4 Bed Rent	$3,500	$3,500

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% of Rental Stock

Studio

1.4%

1 Bedroom

23.0%

2 Bedrooms

47.3%

3 Bedrooms

22.1%

4 Bedrooms

4.6%

5+ Bedrooms

1.5%

Property Listings — Deerfield, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Deerfield, IL is 35. This is a increase of 2.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$721,000	-11.0%
Listing Count	53	-14.0%
Listings as % of Homes	0.7%	-14.0%
Days on Market	59	6.0%

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Demographics — Deerfield, IL

As of the latest ACS Survey released in 2023, Deerfield, IL has a population of 27,700, which has remained stable by 1.0% over the past 5 years. Deerfield, IL is a moderately popular place for families, as children make up 23.5% of the population. The area has a highly educated workforce, with 80.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	27,700	1.0%
% Under 18	23.5%	-6.0%
% Seniors	18.2%	8.3%
% WFH	26.8%	141.4%
% w/ College Degree	80.0%	7.0%

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As of the latest ACS Survey released in 2023, Deerfield, IL is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Deerfield, IL is asian, making up 8.1% of the population. Foreign-born residents account for 14.3% of the population in Deerfield, IL, and this percentage has decreased by 1.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	84.1%	-3.4%
% Black	1.1%	10.0%
% Hispanic	4.8%	33.3%
% Asian	8.1%	12.5%
% Foreign Born	14.3%	-1.4%

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Mortgage and Risk — Deerfield, IL

According to HUD data as of 2023, there were 335 mortgage originations in Deerfield, IL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Deerfield, IL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	335
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Deerfield, IL

As of 2024, the percent of homes in Deerfield, IL under the Section 8 program is 8.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Deerfield, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	140
Total Units Section 8	140
% Rentals under Section 8	8.1%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$10	$2,330	$2,340
2 Bedroom	-$110	$2,750	$2,640
3 Bedroom	-$110	$3,500	$3,390
4 Bedroom	$480	$3,500	$3,980

Deerfield, IL—60015

Key Metrics at a Glance

Home Price Trends — Deerfield, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Deerfield, IL

% of Rental Stock

Property Listings — Deerfield, IL

Demographics — Deerfield, IL

Race and Ethnicity

Mortgage and Risk — Deerfield, IL

Mortgages

Rentals and Section 8 — Deerfield, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Deerfield, IL

Home Price to Income Ratio

Deerfield, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lincolnshire, IL

Northbrook, IL

Wheeling, IL

Highland Park, IL

Lake Forest, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$676,000
Median Household Income	$187,000

Deerfield, IL—60015

Key Metrics at a Glance

Home Price Trends — Deerfield, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Deerfield, IL

% of Rental Stock

Property Listings — Deerfield, IL

Demographics — Deerfield, IL

Race and Ethnicity

Mortgage and Risk — Deerfield, IL

Mortgages

Rentals and Section 8 — Deerfield, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Deerfield, IL

Home Price to Income Ratio

Deerfield, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lincolnshire, IL

Northbrook, IL

Wheeling, IL

Highland Park, IL

Lake Forest, IL

Frequently Asked Questions

What is the average home price in Deerfield, IL 60015?

How have home prices in Deerfield, IL 60015 changed over the past year?

What is the home price projection for Deerfield, IL 60015?

What are the demographics of Deerfield, IL 60015?

How long does it take homes to sell in Deerfield, IL 60015?

What is the average rent price in Deerfield, IL 60015?