Expensive
Affordable
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These days, finding an affordable place to live in the Derby area can be challenging. Home prices in Derby are now at a median cost of $161,486, lower than the Indiana average of $232,932.
The average cost of rent is $875/mo in Derby, primarily driven by the current value of real estate in the Derby area. In Derby, 6.63% of households rent, and 51.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Derby is $4,247 per month. Households that rent pay about 20.61% of their income on rent here. Derby’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dexter, IN: equally priced homes
- Magnet, IN: equally priced homes
- Lilly Dale, IN: equally priced homes
- Union Star, KY: less expensive homes
- Leopold, IN: higher priced homes
- Rome, IN: equally priced homes
- Gatchel, IN: higher priced homes
- Concordia, KY: higher priced homes
- Branchville, IN: higher priced homes
- Tobinsport, IN: equally priced homes
Cities with Similar Populations
- Hurricane, AL: higher priced homes
- Hudson, MO: higher priced homes
- Uwharrie, NC: less expensive homes
- Hugo, OR: higher priced homes
- Ursina, PA: equally priced homes
- Huntersland, NY: higher priced homes
- Huntersville, PA: higher priced homes
- Urban, KY: less expensive homes
- Huntley, WY: higher priced homes
- Howland, TX: higher priced homes
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