Market Overview
Home Prices in Derby, IN
The median home value in Derby, IN is $228,097 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Derby are priced44% below average.
Over the past five years, Derby home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
Derby Home Price Trend
2020
$139,715
$140K
—
2021
$167,983
$168K
+20.2%
2022
$191,820
$192K
+14.2%
2023
$193,616
$194K
+0.9%
2024
$203,517
$204K
+5.1%
2025
$214,921
$215K
+5.6%
2026
$228,097
$228K
+6.1%
City Comparison
Derby vs. National Median
🏠 Derby
$228,097
National Median
$410,000
At $228,097, homes in Derby cost 44% 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
$45,619
on $228,097
Monthly P&I
$1,190/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,511/mo
incl. taxes & insurance
Income Needed
$60,440
gross annual (30% rule)
10% Down Option
$22,810
+ PMI applies
Loan Amount (20% dn)
$182,478
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, IN?
The median home value in Derby is $228,097 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Derby?
Over the past year, home values in Derby have increased by 6.1%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in Derby?
To comfortably afford the median home price of $228,097 with a 20% down payment ($45,619) at today's rates (6.8%), you'd need a gross annual income of approximately $60,440. 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 $228,097, homes in Derby are 44% below the national average.