Living in Derby, IA
Derby, IA, is a quaint town that offers a serene lifestyle surrounded by beautiful landscapes. Known for its strong community spirit, Derby boasts quality educational institutions and plenty of outdoor activities. Residents enjoy the perfect blend of rural living with convenient access to nearby urban areas.
Current Market Conditions in Derby, IA
The real estate market in Derby, IA, has shown steady growth over the past few years, attracting both first-time buyers and seasoned investors. With affordable property prices compared to larger urban markets, Derby presents a lucrative opportunity for investment.
As more people seek out charming small towns with a strong sense of community, the demand for housing in Derby is rising, making now a great time to invest in the area.
Home Value Estimator For Derby, IA
There are currently 107 real estate properties
in Derby, IA,
with a median automated valuation model (AVM) price
of $152,286.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Derby, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Derby, IA,
is $194,785.00, with the most expensive house
in Derby, IA, topping out
at $622,416.00 and the cheapest home
in Derby, IA,
clocking in at $11,320.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Derby, IA!
Rent Prices
In Derby, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Derby, IA, is on
a rollercoaster ride. The
average rent price in Derby, IA,
is $1,066.00. Indeed, when looking to rent in
Derby, IA, you can expect to pay as little
as $670.00 or as much
as $1,790.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Derby, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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