Derby, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Derby Neighborhoods Since 2000




Derby, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Derby Housing Market Information

With 12,700 people, 4,911 houses or apartments, and a median cost of homes of $213,889, Derby real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Derby, accounting for 34.44% of the city's housing units. Other types of housing that are prevalent in Derby include duplexes, homes converted to apartments or other small apartment buildings ( 29.82%), large apartment complexes or high rise apartments ( 21.57%), and a few row houses and other attached homes ( 13.21%).

People in Derby primarily live in small (one, two or no bedroom) single-family detached homes. Derby has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Derby's housing was primarily built during this period, from the '40s through the '60s. A full 33.14% of the city's housing hails from this era. Other housing ages represented in Derby include homes built before 1939 ( 32.33%) and housing constructed between 1970-1999 ( 30.87%). There's also some housing in Derby built between 2000 and later ( 3.67%).

Derby Home Appreciation Rates

Homes have actually lost value in Derby over the last then years, as home values have seen a decline of 30.01% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Derby home appreciation rates at -0.47%, which equates to an annual appreciation rate of -1.86%.

NeighborhoodScout's data show that during the latest twelve months, Derby's appreciation rate, at 3.78%, has been at or slightly above the national average. In the latest quarter, Derby's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

Relative to Connecticut, our data show that Derby's latest annual appreciation rate is higher than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$213,889

Derby, CT HOME PRICES

Value Range
> $1,000,000 1.8
$750,001 - $1,000,000 0.0
$500,001 - $750,000 2.7
$400,001 - $500,000 3.1
$300,001 - $400,000 11.2
$200,001 - $300,000 34.5
$100,001 - $200,000 42.4
$50,001 - $100,000 2.6
$0 - $50,000 1.8

Low for CT
High for Nation

Value Relative to Nation Value Relative to State
29.0050392593461 79.2899408284024

Number Of Homes And Apartments:
4,911

Derby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.59% 1.33% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,550 / per month

Homeownership Rate

Homeownership
Owners 55.49
Renters 44.51
Vacant 9.54

Housing Market Details

 

Age of Homes

AGE OF Derby HOMES
2000 or Newer 3.7
1970 - 1999 30.9
1940 - 1969 33.1
1939 or Older 32.3

Types of Homes

TYPE OF Derby HOMES
Single-Family 34.4
Townhomes 13.2
Small Apt. Buildings 29.8
Apt. Complexes 21.6
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Derby HOMES
No Bedroom 0.74
1 Bedroom 13.81
2 Bedrooms 45.74
3 Bedrooms 30.36
4 Bedrooms 7.87
5 or more bedrooms 1.49

Popular Neighborhoods in Derby

Zip Codes in Derby, CT