The housing market in 06418 Derby, CT is doing quite well compared to the national average. The median value of a house in Derby is $269,100 which is significantly lower than the US House Median Value of $338,100. However, the appreciation rate over the last year for Derby houses was 10.61% while it was only 8.27% nationally. This suggests that housing in Derby is becoming increasingly more desirable and may be a great option for potential buyers looking for more affordable real estate options.
The median home cost in Derby (zip 06418) is $269,100. Home appreciation the last 10 years has been 47.1%. Home Appreciation in Derby (zip 06418) is up 13.4%.
Average Age of Homes
- The median age of Derby (zip 06418) real estate is 58 years old
The Rental Market in Derby (zip 06418)
- Renters make up 37.7% of the Derby (zip 06418) population
- 3.7% of houses and apartments in Derby (zip 06418), 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.