Derby First-Time Homebuyer Report for October

Derby is a city that is growing slightly faster than others in Connecticut at a 10-year growth rate of 4.3%. It also has a larger than average population of 12,902 people. Derby is made up of homes that are older than most with a median of 54 years. Topping the list of best schools in the city is Bradley School.

Price Range

Derby has some of the more affordable homes in the state with a median home value of $187,100 and a current average list price of $175,025.

Typical Dwelling

The typical dwelling in Derby is a three-bedroom detached home worth about $207,042. To purchase a similar home, a buyer with good credit and a $41,408 cash down payment could obtain a mortgage with a 3.95% interest rate and a $761 monthly payment. The property tax rate is $18.96 per $1,000 of taxable assessed value.

Get started right now by checking out Derby homes for sale or reviewing Derby real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Cb Orange
Snapped 2 homes in this area
Berkshire Hathaway Home Services New England Properties
Snapped 1 home in this area

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