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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 4,464, 1,997 total housing units (homes and apartments), and a median house value of $170,727, Derby real estate values are some of the lowest in Vermont, although compared to real estate around the nation, Derby homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Derby, accounting for 75.51% of the town's housing units. Other types of housing that are prevalent in Derby include mobile homes or trailers ( 9.75%), duplexes, homes converted to apartments or other small apartment buildings ( 7.60%), and a few large apartment complexes or high rise apartments ( 6.65%).
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 77.84% of Derby's homes, and 58.94% 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 before 1939 ( 26.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.83%). There's also some housing in Derby built between 2000 and later ( 11.24%).
Vacant housing appears to be an issue in Derby. Fully 17.51% of the housing stock is classified as vacant. Left unchecked, vacant Derby homes and apartments can be a drag on the real estate market, holding Derby 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.
Real estate appreciation rates in Derby's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.16% during the period.
NeighborhoodScout's data show that during the latest twelve months, Derby's appreciation rate, at 4.32%, has been at or slightly above the national average. In the latest quarter, Derby's appreciation rate has been 2.55%, which annualizes to a rate of 10.60%.
Importantly, this makes Derby one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Vermont, our data show that Derby's latest annual appreciation rate is higher than 60% of the other cities and towns in Vermont.
|$769,001 - $1,026,000||1.5|
|$513,001 - $769,000||0.9|
|$410,001 - $513,000||5.6|
|$307,001 - $410,000||8.9|
|$205,001 - $307,000||20.9|
|$102,001 - $205,000||45.9|
|$51,001 - $102,000||6.2|
|$0 - $51,000||9.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Derby HOMES|
|2000 or Newer||11.2|
|1970 - 1999||38.7|
|1940 - 1969||23.8|
|1939 or Older||26.2|
|TYPE OF Derby HOMES|
|Small Apt. Buildings||7.6|
|SIZE OF Derby HOMES|
|5 or more bedrooms||6.53|