Derby, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Derby Neighborhoods Since 2000




Derby, KS 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 a population of 23,509, 8,856 total housing units (homes and apartments), and a median house value of $171,221, Derby real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Derby, accounting for 77.23% of the city's housing units. Other types of housing that are prevalent in Derby include large apartment complexes or high rise apartments ( 12.69%), row houses and other attached homes ( 4.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Derby. Owner-occupied housing accounts for 69.58% of Derby's homes, and 68.04% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Derby built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Derby built between 2000 and later ( 24.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.65%).

Derby Home Appreciation Rates

Appreciation rates for homes in Derby have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.68%, which ranks in the top 30% nationwide. This equates to an annual average Derby house appreciation rate of 0.93%.

Over the last year, Derby appreciation rates have trailed the rest of the nation. In the last twelve months, Derby's appreciation rate has been 0.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Derby were at -2.05%, which equates to an annual appreciation rate of -7.96%.

Notably, Derby's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kansas, our data show that Derby's latest annual appreciation rate is lower than 80% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$171,221

Derby, KS HOME PRICES

Value Range
> $1,057,000 0.5
$793,001 - $1,057,000 0.0
$529,001 - $793,000 0.5
$423,001 - $529,000 1.5
$317,001 - $423,000 2.9
$211,001 - $317,000 15.2
$106,001 - $211,000 57.5
$53,001 - $106,000 19.2
$0 - $53,000 2.8

Very High for KS
Average for Nation

Value Relative to Nation Value Relative to State
41.2135239657799 15.7801418439716

Number Of Homes And Apartments:
8,856

Derby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
24.55% 1.28% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Homeownership
Owners 69.58
Renters 30.42
Vacant 7.32

Housing Market Details

 

Age of Homes

AGE OF Derby HOMES
2000 or Newer 24.5
1970 - 1999 53.1
1940 - 1969 21.7
1939 or Older 0.8

Types of Homes

TYPE OF Derby HOMES
Single-Family 77.2
Townhomes 4.8
Small Apt. Buildings 4.5
Apt. Complexes 12.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Derby HOMES
No Bedroom 0.42
1 Bedroom 6.37
2 Bedrooms 16.72
3 Bedrooms 42.42
4 Bedrooms 25.62
5 or more bedrooms 8.45