Derby, VT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Derby Neighborhoods Since 2000




Derby, VT Real Estate Data


Derby Housing Market Information

With a population of 4,464, 2,039 total housing units (homes and apartments), and a median house value of $169,540, 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 74.78% of the town's housing units. Other types of housing that are prevalent in Derby include mobile homes or trailers ( 10.33%), duplexes, homes converted to apartments or other small apartment buildings ( 7.33%), and a few large apartment complexes or high rise apartments ( 6.93%).

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 77.52% of Derby's homes, and 56.16% 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 ( 26.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.54%). There's also some housing in Derby built between 2000 and later ( 10.93%).

Vacant housing appears to be an issue in Derby. Fully 18.37% 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 -0.10% during the period.

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 1.91%, 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 3.04%, which equates to an annual appreciation rate of 12.74%.

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 lower than 70% of the other cities and towns in Vermont.

Average Home Values

 

Median Home Value:
$169,540

Derby, VT HOME PRICES

Value Range
> $1,003,000 0.4
$752,001 - $1,003,000 1.5
$501,001 - $752,000 2.0
$401,001 - $501,000 4.6
$301,001 - $401,000 7.1
$201,001 - $301,000 20.1
$100,001 - $201,000 50.1
$50,001 - $100,000 4.9
$0 - $50,000 9.3

Low for VT
Average for Nation

Value Relative to Nation Value Relative to State
42.8880950986707 79.5620437956204

Number Of Homes And Apartments:
2,039

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Homeownership
Owners 77.52
Renters 22.48
Vacant 18.37

Housing Market Details

 

Age of Homes

AGE OF Derby HOMES
2000 or Newer 10.9
1970 - 1999 43.4
1940 - 1969 19.5
1939 or Older 26.1

Types of Homes

TYPE OF Derby HOMES
Single-Family 74.8
Townhomes 0.6
Small Apt. Buildings 7.3
Apt. Complexes 6.9
Mobile Homes 10.3
Other 0.0

Home Size

SIZE OF Derby HOMES
No Bedroom 2.84
1 Bedroom 8.65
2 Bedrooms 25.78
3 Bedrooms 38.95
4 Bedrooms 17.21
5 or more bedrooms 6.57

Derby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
64.74% 2.98% 4 8
* 10 is highest