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City · 12,487 residents · Naugatuck Valley Planning Region, Connecticut

Derby , Connecticut

In Derby, a typical home is worth $256,700 and typical rent is $1,452 a month. Compared with all of Naugatuck Valley Planning Region, the typical home value is 19% lower, typical rent is 9% higher, and the share of households that own their home is 7 points lower.

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  • Typical home value

    $256,700

    19% below the planning region

    30% below Connecticut

    • Derby
    • Naugatuck Valley
    • Connecticut

  • Typical rent

    $1,452a month

    9% above the planning region

    2% below Connecticut

    • Derby
    • Naugatuck Valley
    • Connecticut

  • Typical household income

    $79,500a year

    8% below the planning region

    17% below Connecticut

    • Derby
    • Naugatuck Valley
    • Connecticut

  • Households that own their home

    62%

    7 points below the planning region

    5 points below Connecticut

    • Derby
    • Naugatuck Valley
    • Connecticut

Source: U.S. Census Bureau, Average 2020–2024

Derby is in Naugatuck Valley Planning Region. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Naugatuck Valley Planning Region. See the county

Data updated: October 1, 2026 9 official sources

Only here

What sets Derby apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Derby is worth $256,700, 19% less than in Naugatuck Valley Planning Region as a whole ($317,700).

  2. 62% of households in Derby own their home, against 69% in Naugatuck Valley Planning Region.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Derby

What homes there are in Derby, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Derby there is a bit of everything: no kind of home reaches half. The most common are detached houses (38%); in Naugatuck Valley Planning Region, 59%.

Year built

By age, homes in Derby look like those in Naugatuck Valley Planning Region: the typical year built is 1967.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,941 a month

Naugatuck Valley Planning Region: $2,229 a month

Without a mortgage

$957 a month

Naugatuck Valley Planning Region: $1,010 a month

Owners with a mortgage

65%

Naugatuck Valley Planning Region: 65%

Owning costs less in Derby: with a mortgage, the typical cost is $1,941 a month; in Naugatuck Valley Planning Region, $2,229. Without one, $957.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Derby rose 24%.

Since 2015–2019, the typical rent in Derby rose 34%.

The typical household income in Derby rose 41%: more than home values (+24%) and rent (+34%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureDerbyNaugatuck Valley Planning RegionConnecticutUnited States
Rental vacancy Unreliable estimate4.3%4.3%5.5%
Homeowner vacancy Unreliable estimate1.0%0.8%0.9%
More than one person per room Unreliable estimate2.4%2.1%3.4%
People per household 2.112.492.462.53
Drive alone 75%74%69%69%
Carpool 7%9%8%9%
Public transit Unreliable estimate1%3%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 15%13%16%15%
Other means Unreliable estimate2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Derby has 2.11 people, fewer than in Naugatuck Valley Planning Region (2.49).

The car rules in Derby: 75% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Derby?

A typical home costs more than the typical income allows

We start with a typical home in Derby, worth $256,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Derby, which is $79,500 a year. For that payment to be 28% of income, a household would need to earn about $102,338 a year.

The calculator's FHA and conventional loan limits are those of all of Naugatuck Valley Planning Region.

Your numbers

Local data
$

Starts at the typical home value in Derby. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,985 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,388

at 7.18% · 30 years

Loan amount
$252,050
Total interest
$362,641
Paid off in
November 2056

Includes $4,335 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,855 a month

  • Tight

    $1,855 to $2,385 a month

  • Hard

    more than $2,385 a month

    Your payment · 36%

Compared with the typical household income in Derby ($79,500 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,388
Principal & interest$1,707
Property tax$460
Home insurance$107
FHA mortgage insurance (MIP)$114

You need at least $8,985 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Derby and Naugatuck Valley Planning Region

Derby is in Naugatuck Valley Planning Region, Connecticut. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Derby's own numbers

Typical home value
$256,700
Typical monthly rent
$1,452
Typical yearly household income
$79,500
Households that own their home
62%
Effective property tax rate
2.15%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Naugatuck Valley Planning Region

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$851,000
HUD fair market rent, 2 bedrooms
$1,745
Price change over 5 years (FHFA)
+65%
Homes in a high flood-risk zone
0.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Naugatuck Valley Planning Region.

Everything about Naugatuck Valley Planning Region

Buying

Buying a home in Derby

A typical home in Derby is worth $256,700: 19% below the planning region and 30% below Connecticut. With the typical household income in Derby ($79,500 a year), a typical home costs 3.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Derby 3.2 years
  • Naugatuck Valley 3.7 years
  • Connecticut 3.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Naugatuck Valley Planning Region

According to FHFA’s house price index, home prices in Naugatuck Valley Planning Region rose 81% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Naugatuck Valley Planning Region.

Period Region Connecticut U.S.
Last year (2025) +6.4% +6.1% +2.9%
5 years (2020–2025) +65% +62% +47%
10 years (2015–2025) +81% +75% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Derby next to Naugatuck Valley Planning Region, Connecticut and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Derby $256,700
  • Naugatuck Valley $317,700
  • Connecticut $366,900
  • United States $332,700
Typical monthly rent
  • Derby $1,452
  • Naugatuck Valley $1,330
  • Connecticut $1,488
  • United States $1,413
Typical yearly household income
  • Derby $79,500
  • Naugatuck Valley $86,191
  • Connecticut $95,781
  • United States $80,734
See the full table
Derby next to Naugatuck Valley Planning Region and Connecticut
Measure Derby Naugatuck Valley Planning Region Connecticut U.S.
Typical home value $256,700 $317,700 $366,900 $332,700
Typical monthly rent $1,452 $1,330 $1,488 $1,413
Typical yearly household income $79,500 $86,191 $95,781 $80,734
Households that own their home 62% 69% 66% 65%
Typical yearly property tax $5,510 $5,983 $6,643 $3,119
Effective property tax rate 2.15% 1.88% 1.81% 0.94%
Renters with high rent for their income 54% 53% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Naugatuck Valley Planning Region. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Derby

For a typical $256,700 home in Derby, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Derby's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,388a month

    Least cash to close
    Down payment
    $8,985
    Cash to close
    $16,686
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $114

  • Conventional, 5% down $2,341a month

    Down payment
    $12,835
    Cash to close
    $20,536
    Rate
    7.18%
    Mortgage insurance
    PMI · $122

  • Conventional, 20% down, no PMI $1,958a month

    Down payment
    $51,340
    Cash to close
    $59,041
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,195a month

    Down payment
    $38,505
    Cash to close
    $46,206
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Derby and for Naugatuck Valley Planning Region.

Property tax

Effective rate in Derby

2.15%of the home’s value each year

$5,510 a year for the typical owner in Derby.

  • Derby 2.15%
  • Naugatuck Valley 1.88%
  • Connecticut 1.81%

What Connecticut publishes Deadline to appeal the assessment: February 20 (Connecticut General Assembly (General Statutes of Connecticut, Chapter 203))

Exemptions and deadlines in Connecticut

Flood risk in Naugatuck Valley Planning Region

FEMA does not publish these numbers by city: they are for all of Naugatuck Valley Planning Region.

Homes in the high-risk zone
0.8%
926
Of those, with NFIP insurance
38%
Region Connecticut U.S.
Homes in the high-risk zone 0.8% 3.1% 3.5%
Of those, with NFIP insurance 38% 51% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Derby

Typical rent in Derby is $1,452 a month: 9% above the planning region. In Derby, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Naugatuck Valley Planning Region, by unit size. To pay the 2-bedroom one ($1,745 a month) without spending more than 30% of your income, you would need to earn $33.56 an hour working full time.

HUD fair market rent for all of Naugatuck Valley Planning Region

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,249 $24.02 $49,960
1 bedroom $1,336 $25.69 $53,440
2 bedrooms $1,745 $33.56 $69,800
3 bedrooms $2,184 $42.00 $87,360
4 bedrooms $2,599 $49.98 $103,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Low-income apartments

Low-income apartments in Derby

HUD lists one building with rents for lower incomes in Derby.

  • Hallocks Landing 187 Minerva St, Derby 06418 34 homes, 33 low-income · For older adults (203) 736-4673

See all 103 buildings in Naugatuck Valley Planning Region Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Derby

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Naugatuck Valley Planning Region; 1 says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Derby

No down payment, repair or rent-help program on our list is for Derby or Naugatuck Valley Planning Region. The ones below are statewide in Connecticut: they work in Derby the same as in the rest of the state.

Which programs do I qualify for? All programs in Connecticut

Housing counselors near Derby

The HUD-approved agencies closest to the center of Derby, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Urban League of Southern Connecticut

    10 Wintergreen Ave, New Haven · 7 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (203) 327-5810

  • Neighborhood Housing Services of New Haven

    333 Sherman Ave, New Haven · 7 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (203) 562-0598

  • Mutual Housing Association of South Central Ct, Inc. DBA Neighborworks New Horizons

    235 Grand Ave, New Haven · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (203) 562-4514

Every agency in Naugatuck Valley Planning Region All counseling agencies in Connecticut

Help in Spanish near Derby

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Derby

HUD’s record names them for Derby or Naugatuck Valley Planning Region. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

5 other authorities have an office in Naugatuck Valley Planning Region: see the list Source: HUD

Cities

Other cities in Naugatuck Valley Planning Region

These cities are also in Naugatuck Valley Planning Region. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Naugatuck Valley Planning Region Housing in Connecticut

Nearby cities

The cities closest to Derby, with the typical home value.

Neighboring counties

If Naugatuck Valley Planning Region is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Derby.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Derby

Short answers with the numbers for Derby and all of Naugatuck Valley Planning Region. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Derby?

The typical home value in Derby is $256,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Naugatuck Valley Planning Region it is $317,700.

How much does it cost to rent in Derby?

Typical rent in Derby is $1,452 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Naugatuck Valley Planning Region is $1,745.

What is the FHA loan limit in Derby?

Derby uses the FHA limit for all of Naugatuck Valley Planning Region (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Derby?

The typical homeowner in Derby pays $5,510 a year, according to the U.S. Census Bureau. That is 2.15% of the home’s value; in Naugatuck Valley Planning Region, the rate is 1.88%.

Where can I find free help to buy or rent in Derby?

There is 1 HUD-approved counseling agency with an office in Naugatuck Valley Planning Region. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).