Total monthly cost of ownership
Cost to Own a Home in South Deerfield, Massachusetts
A $419,000 home here costs
$3,451per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,154. The real number is $1,297 higher every month — 60% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
South Deerfield against Franklin County and Massachusetts
| Measure | South Deerfield | Franklin County |
|---|---|---|
| Median home value | $419,100 | $303,400 |
| Median property tax | $6,147 | $4,595 |
| Effective tax rate | 1.467% | 1.515% |
| Median gross rent | $1,333 | $1,169 |
| Population | 1,822 | 70,922 |
The weather behind that power bill
South Deerfield sits in Franklin County, which averages a high of 82.7°F in its hottest month and a low of 13.6°F in its coldest, with 49.39" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 519 cooling and 6,683 heating degree days, which is what sets the $259 electricity line above.
See the full climate breakdown for Franklin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Franklin County
Full Franklin County cost breakdown · Every county in Massachusetts
Common questions
How much does it cost to own a home in South Deerfield?
A $419,000 home in South Deerfield, Massachusetts costs approximately $3,451 per month with 20% down at 6.66%. That is $2,154 principal and interest, $512 property tax, $108 homeowners insurance, $327 utilities and $349 set aside for maintenance.
What is the property tax rate in South Deerfield?
South Deerfield has an effective property tax rate of 1.467%, based on a median home value of $419,100 and median real estate taxes of $6,147. That is lower than the Franklin County average of 1.515%.
What is the average home price in South Deerfield?
The median owner-occupied home value in South Deerfield, Massachusetts is $419,100, against $303,400 across Franklin County.
Is it cheaper to rent or buy in South Deerfield?
Median gross rent in South Deerfield is $1,333 a month, against $3,451 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Deerfield — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Massachusetts.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.