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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 $39,100, lower than the Virginia average of $443,089.
The average cost of rent is $766/mo in Derby, primarily driven by the current value of real estate in the Derby area. In Derby, 26.42% of households rent, and 79.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Derby is $2,321 per month. Households that rent pay about 33.01% of their income on rent here. Derby’s most expensive areas are in the central 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
- Appalachia, VA: higher priced homes
- Stonega, VA: higher priced homes
- Exeter, VA: equally priced homes
- Lower Exeter, VA: equally priced homes
- Big Stone Gap, VA: higher priced homes
- Lynch, KY: higher priced homes
- Rawhide, VA: higher priced homes
- Irondale, VA: higher priced homes
- Oreton, VA: higher priced homes
- Calvin, VA: higher priced homes
Cities with Similar Populations
- Cactus Flat, SD: higher priced homes
- Chapman, MT: higher priced homes
- Rock Harbor, FL: higher priced homes
- Robinson, VT: higher priced homes
- Chalkyitsik, AK: equally priced homes
- Central, ID: higher priced homes
- Cementon, NY: higher priced homes
- Robertson, TX: higher priced homes
- Cedar Grove, VA: higher priced homes
- Robe, WA: higher priced homes
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