The housing market in Derby, OH is quite vibrant. The median value of houses in Derby is $123,400 - considerably lower than the US median value of $338,100. Despite this, house appreciation in Derby has been significantly higher than the US average over the past year; 13.57% compared to 8.27%. This great appreciation rate suggests that now could be an excellent time for potential buyers to get into the Derby housing market and invest in a property!
The median home cost in Derby is $123,400. Home appreciation the last 10 years has been 104.5%. Home Appreciation in Derby is up 17.1%.
Average Age of Homes
- The median age of Derby real estate is 78 years old
The Rental Market in Derby
- Renters make up 43.6% 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.