Derby, NY—14047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Derby, NY
As of Oct '25, the median home price in Derby, NY is $247,000, with a year-over-year change of 3.5%. This indicates that home prices in Derby, NY are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 3.5% |
| Single Family | $248,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | 1.7% |
3 Bed | $243,000 | 3.8% |
4 Bed | $304,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Derby, NY
As of July '25, Rentcast reports the average rent in Derby, NY is $1,500, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Derby, NY is 1-bedrooms: $1,160, 2-bedrooms: $1,400, 3-bedrooms: $2,300. The most common rental property sizes in Derby, NY are 2-bedroom and 1-bedroom, accounting for 54.5% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,160 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,160 | $1,160 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Derby, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Derby, NY is 56. This is a decrease of -27.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | -40.0% |
Listing Count | 36 | 45.0% |
| Listings as % of Homes | 0.3% | 45.0% |
Days on Market | 56 | -27.0% |
Demographics — Derby, NY
As of the latest ACS Survey released in 2023, Derby, NY has a population of 6,070, which has decreased by -3.6% over the past 5 years. Derby, NY is a less popular place for families, as children make up 11.6% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,070 | -3.6% |
% Under 18 | 11.6% | -39.3% |
% Seniors | 24.0% | 40.4% |
% WFH | 7.3% | 284.2% |
% w/ College Degree | 19.2% | -28.6% |
As of the latest ACS Survey released in 2023, Derby, NY is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Derby, NY is hispanic, making up 3.4% of the population. Foreign-born residents account for 1.7% of the population in Derby, NY, and this percentage has decreased by 60.5% 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 | 93.9% | -0.8% |
% Black | 1.0% | 66.7% |
% Hispanic | 3.4% | -19.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.7% | -60.5% |
Mortgage and Risk — Derby, NY
According to HUD data as of 2023, there were 123 mortgage originations in Derby, NY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Derby, NY. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 123 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Derby, NY
Derby, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,160 | $950 |
| 2 Bedroom | -$280 | $1,400 | $1,120 |
| 3 Bedroom | -$930 | $2,300 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Derby, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $247,000 |
| Median Household Income | $76,500 |