Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,601 people, 1,221 houses or apartments, and a median cost of homes of $139,863, house prices in Derry are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Derry, accounting for 75.56% of the borough's housing units. Other types of housing that are prevalent in Derry include duplexes, homes converted to apartments or other small apartment buildings ( 10.75%), large apartment complexes or high rise apartments ( 9.58%), and a few row houses and other attached homes ( 2.26%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Derry. Owner-occupied housing accounts for 71.66% of Derry's homes, and 60.57% have either three or four bedrooms, which is average sized relative to America.
The housing in Derry was primarily built before 1939 ( 43.53%), making the housing stock in Derry some of the oldest overall in America, although there is a range of ages of homes in Derry. The next most important housing age is between 1940-1969 ( 35.32%), followed by between 1970-1999 ( 18.07%). There's also some housing in Derry built between 2000 and later ( 3.08%).
Vacant housing appears to be an issue in Derry. Fully 16.43% of the housing stock is classified as vacant. Left unchecked, vacant Derry homes and apartments can be a drag on the real estate market, holding Derry real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Derry's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Derry during the period has been just 4.64%, which is lower than 80% of US communities.
Over the last year, Derry appreciation rates have trailed the rest of the nation. In the last twelve months, Derry's appreciation rate has been 1.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Derry were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Derry's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$139,863
for Pennsylvania
for nation
1,221
$940 / per month