Mortgage Rates in Derby, Kansas — March 2026
Updated March 2026 | Based on Derby market data and regional lending conditions
Derby is a growing city in Kansas with a population of 25,315. The current 30-year fixed mortgage rate in Derby is 6.76%, which is 0.11% above the national average. With a median home price of $202,000 and a 20% down payment of $40,400, homebuyers can expect a monthly principal and interest payment of approximately $1,049.
Current Mortgage Rates in Derby, KS
Below are the current average mortgage rates available in the Derby area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Derby Housing Market Overview
The Derby housing market offers relatively affordable housing compared to many major cities. The median household income in Derby is $51,700, and the cost of living index is 82.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $55,500 to comfortably afford the median-priced home in Derby, which exceeds the current median household income.
Monthly Payment Breakdown for Derby
Based on the median home price of $202,000 with 20% down ($40,400), here is what you can expect to pay monthly in Derby:
15-Year vs. 30-Year Mortgage in Derby
Choosing a 15-year mortgage in Derby at 6% instead of a 30-year at 6.76% would save you $132,120 in total interest over the life of the loan. However, your monthly payment would be $1,364 instead of $1,049 — an increase of $315 per month.
Calculate Your Derby Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Derby
What are the current mortgage rates in Derby, KS?
As of March 2026, the average 30-year fixed mortgage rate in Derby, Kansas is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Derby?
Based on the median home price of $202,000 with 20% down, the estimated monthly mortgage payment in Derby is $1,049 for principal and interest. Including property taxes of $246/month, the total monthly housing cost is approximately $1,295.
What income do I need to buy a home in Derby?
Using the 28% rule, you would need an annual income of approximately $55,500 to afford the median-priced home in Derby at $202,000. The median household income in Derby is $51,700. This means most households would need to either earn above the median or consider homes below $202,000.
Is Derby a good place to buy a home in 2026?
Derby offers a below-average cost of living with a cost of living index of 82.8 (national average = 100). The property tax rate in Kansas is 1.46%, which is near the national average. Derby has a population of 25,315 and offers a very affordable lifestyle.
Mortgage Rates in Other Kansas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Derby, Kansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.