Derby, KS Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Derby, KS Housing Market Trends

With a population of 24,943, 8,926 total housing units (homes and apartments), and a median house value of $207,473, 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 76.95% of the city's housing units. Other types of housing that are prevalent in Derby include large apartment complexes or high rise apartments ( 11.35%), row houses and other attached homes ( 6.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.56%).

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 70.84% of Derby's homes, and 66.91% 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 ( 26.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.80%). There's also some housing in Derby built before 1939 ( 1.23%).

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 3.19% 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 8.25%, 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 2.34%, which equates to an annual appreciation rate of 9.69%.

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

Average Home Values

 

Median Home Value:
$207,473

Derby, KS HOME PRICES

> $1,215,000
0.6%
0.6%
$912,001 - $1,215,000
0.2%
0.2%
$608,001 - $912,000
0.4%
0.4%
$486,001 - $608,000
1.3%
1.3%
$365,001 - $486,000
4.7%
4.7%
$243,001 - $365,000
18.2%
18.2%
$122,001 - $243,000
56.7%
56.7%
$61,001 - $122,000
15.7%
15.7%
$0 - $61,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for KS

Value Relative To Nation

Number Of Homes And Apartments:
8,926

Derby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
59.79% 2.20%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,387 / per month

Homeownership Rate

Owners
70.8%
70.8%
Renters
29.2%
29.2%
Vacant
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
26.7%
26.7%
1970 - 1999
50.3%
50.3%
1940 - 1969
21.8%
21.8%
1939 or Older
1.2%
1.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.0%
77.0%
Townhomes
6.4%
6.4%
Small Apt. Buildings
4.6%
4.6%
Apt. Complexes
11.3%
11.3%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
6.4%
6.4%
2 Bedrooms
14.1%
14.1%
3 Bedrooms
38.9%
38.9%
4 Bedrooms
28.0%
28.0%
5 or more bedrooms
11.2%
11.2%
0.0% 100.0%
% OF HOMES