The typical owner-occupied home in Derry is worth about $391,200, 3% below the New Hampshire median of $402,500 and 18% above the national median of $332,700. Owners pay a median $7,278 a year in property taxes, about 1.86% of their home's value, higher than the New Hampshire rate of 1.66%. The median household earns $91,673 a year, so the median home costs 4.3 times the median income (4.1 times for New Hampshire). 59% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Derry at a glance
| Derry | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $391,200 | $402,500 | $332,700 |
| Median property tax paid per year | $7,278 | $6,667 | $3,119 |
| Property tax as a share of value | 1.86% | 1.66% | 0.94% |
| Median household income | $91,673 | $99,031 | $80,734 |
| Homes lived in by their owners | 59% | 73% | 65% |
| Owner homes with a mortgage | 71% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,398 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 21.9% | 21.0% |
| Median rent | $1,549 | $1,491 | $1,413 |
| Rent as a share of renters' income | 32.1% | 29.4% | 30.6% |
| Median year homes were built | 1982 | 1979 | 1980 |
| Vacant homes | 10.9% | 14.3% | 10.1% |
| Population | 21,339 | 1,394,868 | 334,922,499 |
What a typical home costs per month in Derry
At this week's average 30-year rate of 7.11%, buying the median Derry home of $391,200 with 20% down costs about $2,875 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,526, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $123,200 for the 20%-down payment. That payment is 38% of the median Derry household income of $91,673; at that income and 20% down, the 28% guideline points to a home of about $291,000.
The median rent here is $1,549 a month, so owning the median home costs about $1,326 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $78,240 |
|---|---|
| Loan amount | $312,960 |
| Principal and interest | $2,105 |
| Property taxes (1.86% a year) | $606 |
| Homeowners insurance (our estimate, 0.5% a year) | $163 |
| PMI | $0 |
| Total per month | $2,875 |
Change the numbers in the calculator
| Down payment | $13,692 |
|---|---|
| Loan amount | $384,114 |
| Principal and interest | $2,584 |
| Property taxes (1.86% a year) | $606 |
| Homeowners insurance (our estimate, 0.5% a year) | $163 |
| FHA mortgage insurance | $173 |
| Total per month | $3,526 |
Change the numbers in the calculator
Questions about home buying in Derry
What is the median home value in Derry?
About $391,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Derry?
Homeowners pay a median $7,278 a year, which is about 1.86% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Derry?
For the median home with 20% down at 7.11%, the payment is about $2,875 a month. Keeping that under 28% of gross income takes about $123,200 a year.
More about Derry
- Mortgage Refinance in Derry
- Debt Relief in Derry
- Home Equity Loans in Derry
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data