The housing market in Derby, CT is thriving. The median value of homes is $260,800 which is significantly lower than the median US house value of $338,100. Home appreciation in Derby over the past year has been 10.61%, which is higher than the US 1 year house appreciation of 8.27%. This indicates that homes in Derby are increasing in value faster than those across the US, making it an attractive option for potential home buyers looking to invest in a desirable location.
The median home cost in Derby is $260,800. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Derby is up 13.4%.
Average Age of Homes
- The median age of Derby real estate is 58 years old
The Rental Market in Derby
- Renters make up 37.7% of the Derby population
- 3.7% 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.