The typical owner-occupied home in Derby Line is worth about $201,000, 37% below the Vermont median of $316,600 and 40% below the national median of $332,700. Owners pay a median $3,275 a year in property taxes, about 1.63% of their home's value, close to the Vermont rate of 1.59%. The median household earns $71,518 a year, so the median home costs 2.8 times the median income (3.9 times for Vermont). 83% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Derby Line at a glance
| Derby Line | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $201,000 | $316,600 | $332,700 |
| Median property tax paid per year | $3,275 | $5,039 | $3,119 |
| Property tax as a share of value | 1.63% | 1.59% | 0.94% |
| Median household income | $71,518 | $81,203 | $80,734 |
| Homes lived in by their owners | 83% | 73% | 65% |
| Owner homes with a mortgage | 57% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $1,588 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 21.7% | 21.0% |
| Median rent | $835 | $1,234 | $1,413 |
| Rent as a share of renters' income | 27.2% | 29.4% | 30.6% |
| Median year homes were built | 1956 | 1976 | 1980 |
| Vacant homes | 5.5% | 19.4% | 10.1% |
| Population | 783 | 647,106 | 334,922,499 |
What a typical home costs per month in Derby Line
At this week's average 30-year rate of 7.11%, buying the median Derby Line home of $201,000 with 20% down costs about $1,438 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,773, 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 $61,650 for the 20%-down payment. That payment is 24% of the median Derby Line household income of $71,518; at that income and 20% down, the 28% guideline points to a home of about $233,000.
The median rent here is $835 a month, so owning the median home costs about $603 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,200 |
|---|---|
| Loan amount | $160,800 |
| Principal and interest | $1,082 |
| Property taxes (1.63% a year) | $273 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| PMI | $0 |
| Total per month | $1,438 |
Change the numbers in the calculator
| Down payment | $7,035 |
|---|---|
| Loan amount | $197,359 |
| Principal and interest | $1,328 |
| Property taxes (1.63% a year) | $273 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| FHA mortgage insurance | $89 |
| Total per month | $1,773 |
Change the numbers in the calculator
Questions about home buying in Derby Line
What is the median home value in Derby Line?
About $201,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Derby Line?
Homeowners pay a median $3,275 a year, which is about 1.63% 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 Derby Line?
For the median home with 20% down at 7.11%, the payment is about $1,438 a month. Keeping that under 28% of gross income takes about $61,650 a year.
More about Derby Line
- Mortgage Refinance in Derby Line
- Debt Relief in Derby Line
- Home Equity Loans in Derby Line
- 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