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Derby Line

Learn about the people, housing, costs and businesses in Derby Line, Vermont

Median Home$216,000
Median Rent$936/month
Population673
Leading IndustriesManufacturing · Professional Services · Retail1% manufacturing
Home Value Growth⬆⬆+17.3% over 2 years
Retirees25% of residentsabove average nationally
Homeowners88% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
Derby Line
VT

Frequently Asked Questions

What are today's mortgage rates in Derby Line?

As of today, the 30-year fixed mortgage rate for Derby Line is approximately 6.882% (6.918% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Derby Line?

The median home value in Derby Line is $216k. The median monthly rent is $936. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Derby Line?

Home values in Derby Line have increased 17.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Derby Line?

Based on a typical all-in ownership cost of $1,035/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Derby Line is $80k/year.

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What industries drive the economy in Derby Line?

The largest employment sectors in Derby Line are public administration (15%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.