Derby, CT—06418
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Derby, CT
As of Oct '25, the median home price in Derby, CT is $334,000, with a year-over-year change of 4.8%. This indicates that home prices in Derby, CT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 4.8% |
| Single Family | $369,000 | 3.9% |
| Condos | $283,000 | 6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | 6.4% |
3 Bed | $363,000 | 3.7% |
4 Bed | $417,000 | 3.5% |
| 5 Bed | $475,000 | 6.0% |
% of Housing Stock
Rental Trends — Derby, CT
As of July '25, Rentcast reports the average rent in Derby, CT is $2,080, with a year-over-year rent change of 22.4%. Per bedroom, the median rent as of July '25 in Derby, CT is studios: $1,380, 1-bedrooms: $1,450, 2-bedrooms: $1,910, 3-bedrooms: $2,290, 4-bedrooms: $2,600. The most common rental property sizes in Derby, CT are 2-bedroom and 1-bedroom, accounting for 48.7% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,080 |
| Studio Rent | $1,350 | $1,380 |
| 1 Bed Rent | $1,450 | $1,450 |
| 2 Bed Rent | $1,900 | $1,910 |
| 3 Bed Rent | $2,200 | $2,290 |
| 4 Bed Rent | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Derby, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Derby, CT is 31. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 15.0% |
Listing Count | 32 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 31 | -5.0% |
Demographics — Derby, CT
As of the latest ACS Survey released in 2023, Derby, CT has a population of 12,200, which has decreased by -4.1% over the past 5 years. Derby, CT is a moderately popular place for families, as children make up 16.3% of the population. The area has a moderately educated workforce, with 33.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | -4.1% |
% Under 18 | 16.3% | -23.1% |
% Seniors | 20.3% | 27.7% |
% WFH | 15.5% | 187.0% |
% w/ College Degree | 33.0% | 52.1% |
As of the latest ACS Survey released in 2023, Derby, CT is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Derby, CT is hispanic, making up 21.3% of the population. Foreign-born residents account for 12.4% of the population in Derby, CT, and this percentage has decreased by 29.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.9% | -10.1% |
% Black | 11.9% | 105.2% |
% Hispanic | 21.3% | -7.4% |
% Asian | 2.0% | -33.3% |
% Foreign Born | 12.4% | -29.9% |
Mortgage and Risk — Derby, CT
According to HUD data as of 2023, there were 214 mortgage originations in Derby, CT, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Derby, CT. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 214 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Derby, CT
As of 2024, the percent of homes in Derby, CT under the Section 8 program is 15.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Derby, CT, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 384 |
Total Units Section 8 | 351 |
% Rentals under Section 8 | 15.6% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,450 | $1,440 |
| 2 Bedroom | -$120 | $1,900 | $1,780 |
| 3 Bedroom | $50 | $2,200 | $2,250 |
| 4 Bedroom | $170 | $2,600 | $2,770 |
Affordability — Derby, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $334,000 |
| Median Household Income | $75,700 |