Derry, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Derry Neighborhoods Since 2000




Derry, PA 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

Derry Housing Market Information

With a population of 2,594, 1,105 total housing units (homes and apartments), and a median house value of $92,498, house prices in Derry are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Derry, accounting for 80.90% of the borough's housing units. Other types of housing that are prevalent in Derry include duplexes, homes converted to apartments or other small apartment buildings ( 8.79%), large apartment complexes or high rise apartments ( 8.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Derry. Owner-occupied housing accounts for 71.31% of Derry's homes, and 59.31% have either three or four bedrooms, which is average sized relative to America.

The housing in Derry was primarily built before 1939 ( 50.84%), making the housing stock in Derry some of the oldest overall in America, although there is a range of ages of homes in Derry. The next most important housing age is between 1940-1969 ( 32.45%), followed by between 1970-1999 ( 14.15%). There's also some housing in Derry built between 2000 and later ( 2.56%).

Vacant housing appears to be an issue in Derry. Fully 11.67% of the housing stock is classified as vacant. Left unchecked, vacant Derry homes and apartments can be a drag on the real estate market, holding Derry real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Derry Home Appreciation Rates

Appreciation rates for homes in Derry have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.29%, which ranks in the top 40% nationwide. This equates to an annual average Derry house appreciation rate of 0.80%.

Over the last year, Derry appreciation rates have trailed the rest of the nation. In the last twelve months, Derry's appreciation rate has been 1.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Derry were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that Derry's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$92,498

Derry, PA HOME PRICES

Value Range
> $1,080,000 0.0
$810,001 - $1,080,000 0.0
$540,001 - $810,000 0.0
$432,001 - $540,000 0.0
$324,001 - $432,000 0.9
$216,001 - $324,000 2.7
$108,001 - $216,000 27.4
$54,001 - $108,000 55.4
$0 - $54,000 13.6

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
82.3801711004336 80.5797101449275

Number Of Homes And Apartments:
1,105

Derry Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
41.33% 2.03% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$743 / per month

Homeownership Rate

Homeownership
Owners 71.31
Renters 28.69
Vacant 11.67

Housing Market Details

 

Age of Homes

AGE OF Derry HOMES
2000 or Newer 2.6
1970 - 1999 14.1
1940 - 1969 32.5
1939 or Older 50.8

Types of Homes

TYPE OF Derry HOMES
Single-Family 80.9
Townhomes 1.0
Small Apt. Buildings 8.8
Apt. Complexes 8.6
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Derry HOMES
No Bedroom 0.00
1 Bedroom 10.87
2 Bedrooms 28.46
3 Bedrooms 43.57
4 Bedrooms 15.75
5 or more bedrooms 1.36