Rent to own Homes in Derby, KS
Derby, Kansas is home to more than 23,000 people as well as a wide range of retail and service businesses. The town is known for a lot of things, but what makes it particularly notable is that it offers a combination of small town hospitality with all the amenities you would expect to find in the big city. It might just be the perfect place to live. The residents sure think so.
Derby, KS is a great place for affordable rent-to-own homes! With a median household income of over $74,447 and a median rent of $978, the Derby, KS rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Derby, KS. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Derby, KS Property Resources
Rent to own Homes in Cities Near Derby, KS
- Andale
- Andover
- Augusta
- Bel Aire
- Belle Plaine
- Bentley
- Benton
- Cheney
- Clearwater
- Colwich
- Conway Springs
- Derby
- Eastborough
- Furley
- Garden Plain
- Goddard
- Greenwich
- Halstead
- Haysville
- Kechi
- Maize
- McConnell AFB
- Mount Hope
- Mulvane
- Newton
- Oaklawn-Sunview
- Park City
- Peck
- Rose Hill
- Sedgwick
- St Marks
- Valley Center
- Viola
- Wellington
- Wichita
Neighborhoods in Derby, KS
Tanglewood rent to own homes Pleasantview rent to own homes Ridge Point rent to own homes Tiara Pines rent to own homes Spring Creek rent to own homes The Oaks rent to own homes Oakwood Valley Estates rent to own homes North Village rent to own homes Derby Hills rent to own homes Oak Forest rent to own homesPopular Zip Codes in Derby, KS
No zip codes foundBuying a Home in Derby, KS
Derby, KS is seeing rapid growth and Derby, KS's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Derby, KS is part of Sedgwick county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Sedgwick is 1.25% which is above the national average, which is 0.99%.
Median Home Price in Derby, KS
Median Rent in Derby, KS
Top 7 Reasons to Live in Derby, KS
Plenty of places to eat! If there's one thing that Derby does best, it's quality restaurants. Try the authentic Mexican food at Casa Martinez or get a traditional American breakfast at the Village Inn Pancake House.
Lots of festivals! What makes Derby particularly unique is the wide variety of different events that are offered throughout the year. Whether it be the annual Derby BBQ Festival or the Independence Day Parade, there's no shortage of events to attend.
Tons of entertaining activities! People in Derby know how to have fun. Get in on the action at the Frog Holler Paintball Field for a round of some serious paintball. Take the fun indoors when night hits and go bowling at the Derby Family Entertainment Center.
Good for home owners! With the median house value having risen more than $45,000 over the past decade, Derby is a wise investment choice for the prospective home buyer. Property in Derby is also great for shoppers, thanks to the many stores nearby, including Kohl's and Sig's Gourmet Butcher Shop.
Active night life! While Derby is great for those who value relaxation, others that crave the night life will find much to love about Derby as well. You can get a drink at the Green Derby sports bar or go to Little Busters Sports Bar and Grill.
Great real estate! With rent to own homes that range from apartment buildings to traditional houses, there's a lot for prospective home buyers to choose from. In addition, real estate is particularly great here thanks to the proximity to many restaurants. Grab a doughnut at Derby Donut or a steak-burger at Freddy's Frozen Custard and Steakburgers.
A shopaholic's paradise! Shoppers will find much to love about Derby, thanks to the many stores available to choose from. You can view the quilts over at Sunflower Quilts or even visit Lowes for your home improvement needs.