The housing in Derby, IA is significantly lower than the median value of the US as a whole. The median value for a house in Derby is $67,600 while the median value for a house in the US is $338,100. Despite this difference in values, houses in Derby have still seen an increase in appreciation compared to houses across the US. Over the course of one year, houses across the US have appreciated by 8.27%, while houses in Derby have appreciated by 12.55%. This means that despite having lower values than most other areas, housing in Derby has still seen greater gains in appreciation than much of the country.
The median home cost in Derby is $67,600. Home appreciation the last 10 years has been 63.1%. Home Appreciation in Derby is up 11.4%.
Average Age of Homes
- The median age of Derby real estate is 78 years old
The Rental Market in Derby
- Renters make up 11.3% of the Derby population
- 0.0% of houses and apartments in Derby, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.