Market Overview
Home Prices in Derby, CT
The median home value in Derby, CT is $347,936 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Derby are priced15% below average. Derby is part of the New Haven-Milford, CT metro area.
Over the past five years, Derby home values have risen by approximately43.2%, reflecting strong long-term appreciation in this market.
Price History
Derby Home Price Trend
City Comparison
Derby vs. National Median
At $347,936, homes in Derby cost 15% below the national median of $410,000. This makes Derby a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Derby?
20% Down Payment
$69,587
on $347,936
Monthly P&I
$1,815/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,305/mo
incl. taxes & insurance
Income Needed
$92,200
gross annual (30% rule)
10% Down Option
$34,794
+ PMI applies
Loan Amount (20% dn)
$278,349
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Derby, CT?
The median home value in Derby is $347,936 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Derby?
Over the past year, home values in Derby have increased by 3.6%. Over five years, prices have risen approximately 43.2%.
How much do I need to earn to buy a home in Derby?
To comfortably afford the median home price of $347,936 with a 20% down payment ($69,587) at today's rates (6.8%), you'd need a gross annual income of approximately $92,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Derby compare to the national average home price?
The national median home value is approximately $410,000. At $347,936, homes in Derby are 15% below the national average.
What metro area is Derby part of?
Derby is part of the New Haven-Milford, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.