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Cheap Homes in Derby, KS

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Derby, KS Foreclosures

Current Market Conditions in in Derby, KS As of February 2026?
Over the past month, the Derby real estate market has seen a slight uptick in home prices due to increased demand. Buyers are rushing to lock in prices before potential further increases in the mortgage rates. Additionally, several new listings have entered the market, providing some options for prospective homeowners. However, the overall inventory remains low, contributing to a seller's market.
How much do homes sell for in Derby, KS?
The average home price is currently $294,456.
In Derby, KS, how many homes are available?
There are currently 3 active home listings available in Derby.
What’s the average rental cost in Derby, KS?
The average rental price in Derby is $1,350.
What is the most expensive home in Derby?
The most expensive home sold in Derby had a price of $3,450,000.
What is currently the cheapest priced home in Derby, KS?
The cheapest home for sale in Derby is priced at $11,460.

Living in Derby, KS

Derby, KS is a welcoming suburb of Wichita that combines small-town charm with suburban convenience. The city has a strong community spirit, great schools, and plenty of outdoor activities. Families, professionals, and retirees alike find Derby to be a wonderful place to call home.

Buyer vs Seller Market in Derby, KS

The real estate market in Derby, KS is currently strong, with homes selling faster than the national average. The demand for family-friendly suburbs has increased, leading to rising home prices over the past year.

Inventory levels have been low, creating a competitive environment where multiple buyers are often vying for the same property. This trend has resulted in an annual price appreciation, appealing to both buyers looking for a home and investors seeking rental properties.

Home Value Estimator For Derby, KS

There are currently 10,308 real estate properties in Derby, KS, with a median automated valuation model (AVM) price of $274,776.00. 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, KS, 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, KS, is $294,456.00, with the most expensive house in Derby, KS, topping out at $3,450,000.00 and the cheapest home in Derby, KS, clocking in at $11,460.00. In other words, there’s something for every potential homebuyer or savvy investor in Derby, KS!

Rent Prices In Derby, KS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Derby, KS, is on a rollercoaster ride. The average rent price in Derby, KS, is $1,350.00. Indeed, when looking to rent in Derby, KS, you can expect to pay as little as $550.00 or as much as $2,980.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Derby, KS -- 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.

Cheap Homes in Derby, KS

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