Derby, CT 06418 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Derby, CT—06418

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$346,000

4.4% YoY Growth

Household Income

$75,700

35.0% YoY Growth

Days on Market

37.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$2,000

22.4% YoY Growth

1-Bed Rent

$1,450

N/A

2-Bed Rent

$1,900

36.4% YoY Growth

3-Bed Rent

$2,200

14.5% YoY Growth

Home Price Trends — Derby, CT

As of May '26, the median home price in Derby, CT is $346,000, with a year-over-year change of 4.4%. This indicates that home prices in Derby, CT are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$346,000	4.4%
Single Family	$384,000	3.8%
Condos	$291,000	4.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

6.5%

1 Bedroom

20.8%

2 Bedrooms

48.7%

3 Bedrooms

20.0%

4 Bedrooms

4.1%

Property Listings — Derby, CT

As of May '26, Realtor.com reports that the median days on market for a home in Derby, CT is 18. This is a decrease of -37.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$350,000	13.0%
Listing Count	25	-6.0%
Listings as % of Homes	0.5%	-6.0%
Days on Market	18	-37.0%

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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%

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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%

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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%

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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

Derby, CT—06418

Key Metrics at a Glance

Home Price Trends — Derby, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Derby, CT

% of Rental Stock

Property Listings — Derby, CT

Demographics — Derby, CT

Race and Ethnicity

Mortgage and Risk — Derby, CT

Mortgages

Rentals and Section 8 — Derby, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Derby, CT

Home Price to Income Ratio

Derby, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Ansonia, CT

Seymour, CT

Shelton, CT

Orange, CT

Woodbridge, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$346,000
Median Household Income	$75,700

Derby, CT—06418

Key Metrics at a Glance

Home Price Trends — Derby, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Derby, CT

% of Rental Stock

Property Listings — Derby, CT

Demographics — Derby, CT

Race and Ethnicity

Mortgage and Risk — Derby, CT

Mortgages

Rentals and Section 8 — Derby, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Derby, CT

Home Price to Income Ratio

Derby, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Ansonia, CT

Seymour, CT

Shelton, CT

Orange, CT

Woodbridge, CT

Frequently Asked Questions

What is the average home price in Derby, CT 06418?

How have home prices in Derby, CT 06418 changed over the past year?

What is the home price projection for Derby, CT 06418?

What are the demographics of Derby, CT 06418?

How long does it take homes to sell in Derby, CT 06418?

What is the average rent price in Derby, CT 06418?