Derby, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Derby Neighborhoods Since 2000




Derby, VT 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 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.

Derby Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$170,727

Derby, VT HOME PRICES

Value Range
> $1,026,000 0.4
$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

Very Low for VT
Average for Nation

Value Relative to Nation Value Relative to State
41.3981014883394 82.4817518248175

Number Of Homes And Apartments:
1,997

Derby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
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
67.36% 3.03% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 77.84
Renters 22.16
Vacant 17.51

Housing Market Details

 

Age of Homes

AGE OF Derby HOMES
2000 or Newer 11.2
1970 - 1999 38.7
1940 - 1969 23.8
1939 or Older 26.2

Types of Homes

TYPE OF Derby HOMES
Single-Family 75.5
Townhomes 0.5
Small Apt. Buildings 7.6
Apt. Complexes 6.7
Mobile Homes 9.7
Other 0.0

Home Size

SIZE OF Derby HOMES
No Bedroom 2.11
1 Bedroom 8.30
2 Bedrooms 24.12
3 Bedrooms 42.26
4 Bedrooms 16.69
5 or more bedrooms 6.53