Derby, IN Foreclosures
How much do homes sell for in Derby, IN?
The average home price is currently $252,372.
What’s the average rental cost in Derby, IN?
The average rental price in Derby is $1,090.
What is the most expensive home in Derby?
The most expensive home sold in Derby had a price of $1,140,143.
What is currently the cheapest priced home in Derby, IN?
The cheapest home for sale in Derby is priced at $28,496.
Living in Derby, IN
Derby, Indiana, is a small, peaceful community located in the serene landscapes of southern Indiana. This charming locality offers a tight-knit community feel with close access to rivers and natural parks, making it ideal for outdoor enthusiasts. The area features a mix of historical homes and newer constructions, providing various options for potential homeowners.
Current Market Conditions in Derby, IN
The real estate market in Derby, IN, has shown stability over the past several months, with a mix of affordable homes and larger properties appealing to families and retirees. The demand for houses has increased slightly, led by families seeking peaceful environments close to nature. Buyers appreciate the lower cost of living compared to urban areas, making Derby an attractive option for first-time homeowners and investors alike.
As of late 2023, there has been an uptrend in housing prices, with many properties appreciating in value as more people seek to escape urban congestion and relocate to quieter settings. The market’s resilience and stability make it a viable choice for investments with potential for growth.
Home Value Estimator For Derby, IN
There are currently 191 real estate properties
in Derby, IN,
with a median automated valuation model (AVM) price
of $231,047.00. 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, IN, 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, IN,
is $252,372.00, with the most expensive house
in Derby, IN, topping out
at $1,140,143.00 and the cheapest home
in Derby, IN,
clocking in at $28,496.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Derby, IN!
Rent Prices
In Derby, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Derby, IN, is on
a rollercoaster ride. The
average rent price in Derby, IN,
is $1,090.00. Indeed, when looking to rent in
Derby, IN, you can expect to pay as little
as $600.00 or as much
as $1,840.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Derby, IN
-- 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.
Learn more on Foreclosure homes
